Australasian Metals Limited (ASX: A8G) has completed an initial field programme at the company’s May Queen South Bauxite project.
The programme consisted primarily of mapping and surface rock chip sampling. The geological fertility of the project for bauxite and titanium was confirmed by the identification of several high-grade surface samples with TiO2 of between 3.36% and 17.55%.
Australasian Metals’ managing director, Dr Qingtao Zeng, commented “The high titanium grades at surface on EPM16261 exceeded our expectations within the defined bauxite resources of the project. Given the shallow setting of the mineralization it is anticipated that future exploration to expand the resource will be lower cost. The timing is right for the development of the project as the market is seeing surging demand for TiO2 from industrial users in China, Japan, and South Korea.”
The May Queen South Bauxite project is located in central Queensland, within proximity of a rail system leading north to the port of Bundaberg. It is also located within close to the main Queensland rail network heading south towards the port of Brisbane.
Additionally, the company has a JORC 2012 inferred mineral resource estimate of 54.9Mt at 37.5% total l Al2o2 and 5.2% TiO2 and 7.9% Rx SiO2. The company has completed a field visit to the project area and has confirmed the presence of the reported bauxite mineralized plateaus and zones as defined in the mineral resource estimate.
Size reduction, scrubbing, and sizing was completed at Core Resources laboratory in Brisbane on 25 to 50kg bulk samples of bauxite to test whether a premium quality DSO product could be easily beneficiated.
Currently, Australasian Metals are working to commence a shallow drill programme which will focus on expanding the TiO2 mineral resource.
To find out more, please visit www.australasiagold.com
