Close to Port, Infrastructure and the End User
- 5,968 km2 of bauxite prospective terrain
- Potential to contain high quality gibbsitic bauxite with a low reactive silica content
- The South Queensland Projects consist of the following three project areas:
- Childers Project
- Kingaroy Project
- Pittsworth Project
- Close to road and rail transport
- Landholder consultation has been undertaken and favourable response received
- Access for exploration granted
Targeting Premium DSO Bauxite
- Extensive plateaus of bauxite in grazing farmland
- Gibbsite mineralisation identified
- Minimal overburden
Significant Exploration Upside
- Within the Company’s Kingaroy project area, over 20 historic bauxite deposits are listed in the Queensland Department of Primary Industries mineral deposit database. These are close to transport links that lead to the ports of Bundaberg and Brisbane
- Geological mapping within just one of the South Queensland tenements in 2010 identified a potential 40km2 area of lateritised Tertiary basalt
- During the mapping phase bauxite mineralisation (gibbsite) was noted
- In 2010 Australian Bauxite Limited (ASX: ABZ) drilled 115 holes targeting potentially bauxitic lateritised tertiary basalt to the north of QBL’s projects at Binjour. The average thickness of the bauxite profile at Binjour is 6.3m with Al203avl% in the range of 28.9% to 50.5% (ABZ – ASX announcement 13 August 2010)
- Based on mapping by QBL and drilling carried out by ABZ, QBL’s exploration target for just one tenement out of the many South Queensland Project’s tenements is:
- 250Mt to 300Mt with an AI203avl% range of 30% to 50%
- AI203avl% is “Available Aluminium Oxide”
QBL’s target tonnage calculation uses a density of 1.8 and a potential thickness range of 3.5m to 4.2m
