Australian Bauxite CEO Ian Levy Talks on Bauxite Resource Results

Aug. 16, 2010 - Australian Bauxite Limited CEO Ian Levy Talks with Brian Carlton on Bauxite Resource Results.
At ABx's northernmost bauxite deposit at Binjour in central QLD, encouraging thicknesses of a concealed bauxite layer up to 15 metres thick were encountered and two-stages of drilling were completed in July. A thick bauxite layer has been discovered at Binjour with early assays indicating high qualities.
ABx CEO, Ian Levy said; "This is the most aggressive and successful exploratory drill program I've seen. The ABx exploration team is achieving rapid discovery rates and a massive increase in geological knowledge about this large, new bauxite province that ABx has discovered over 1,400 kms from central Queensland to Tasmania.
"In March 2010, we told shareholders we wanted to accelerate exploration and our team has already delivered on that promise. We could be drilling our exciting Tasmanian deposits before year-end, thus completing a first-pass evaluation of all our projects 6 months ahead of schedule".