Page 16 - Bauxite Resources Annual Report 2014
Basic HTML Version
JOINT VENTURE WITH YANKUANG
Felicitas is the flagship resource independently managed by
Bauxite Alumina Joint Venture (BAJV), a joint venture between
Bauxite Resources Ltd and Yankuang Resources Pty Ltd a
subsidiary of Yankuang Group which has substantial coal
interests in Australia and China. Yankuang holds an Interest of
70% of the resources under the JV with BRL retaining 30%.
FELICITAS (BAJV)
The Company announced a resource upgrade during the year
for the Felicitas bauxite deposit in the Darling Range Western
Australia which resulted in the total resource increasing to
218.7Mt. Importantly, 157.2Mt of this is in the Indicated and
Measured Category. The project is within the Company’s joint
venture with Yankuang Resources (BAJV). The resource offers
the advantages of being located on a small number of large
private landholdings (farms), readily accessible by road, less
than 5km from existing rail infrastructure, and approximately
120km by rail to the nearest bulk handling port (Kwinana).
The deposit has an average thickness of 4.5m.
JORC
classification
Quantity
(Mt)
Al
2
O
3
%
(total)
Al
2
O
3
%
(available
at 148°)
SiO
2
%
(total)
SiO
2
%
(reactive
at 148°)
Measured
53.2
39.1
30.7
5.8
1.4
Indicated
104
39.3
30.1
8.9
1.9
Inferred
61.5
38.9
29.6
11.5
2.4
Total
218.7
39.1
30.1
8.9
1.9
Details of the Felicitas resource (June 30, 2014). Note: all grades are unbeneficiated
BRL’s Chairman Rob Nash, BAJV’s GM Bill Moss, BRL’s
CEO Peter Canterbury, Yankuang Group Chairman Zhang
Xinwen and Yankuang Resources GM Zhan Qingwei.
14 | Bauxite Resources
 Annual Report 2014
