Queensland Bauxite Granted Eight New Bauxite Tenements
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Parry [2011-05-20]
Mar. 2, 2011 - Queensland Bauxite Limited announced that Queensland Department of Mines and Energy has accepted the Company's applications for an additional eight exploration licenses within the East Australian Bauxite Province. QBL will now hold 32 exploration licenses in Queensland for a combined bauxite prospective landholding of over 7,180km2, a 31% increase in the previously announced 5,466km2 landholding. The Company intends to conduct studies to determine the extent of gibbsite mineralisation over these new tenements.