Page 17 - Bauxite Resources Annual Report 2014
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JOINT VENTURE WITH HD MINING
Athena and Dionysus resources, as described below, form
part of the joint venture with HD Mining & Investments Pty Ltd
(HD Mining), and provide BRL with the opportunity to add a
further two resources to its project development pipeline. The
current joint venture with HD Mining is a Farm-in Agreement
that allows HD Mining to fund 100% of all exploration and
feasibility costs for HD Mining to earn 60% of the bauxite rights
upon a decision to mine.
ATHENA (HD MINING JV)
Athena consists of four deposits located on a number of
private land holdings on exploration licences E70/3180 and
E70/3890, between the townships of Wandering and Pingelly,
approximately 120km southeast of Perth. The resource as at
June 30 stood at 22.7Mt, however was upgraded in July 2014,
taking the resource to 36.2Mt. The resource is shallow and
displays bauxite up to 13m thick (average 3m). The project area
is yet to be constrained by drilling and as such potential remains
to further grow the resource.
Existing bauxite mining State Agreement areas lie to the
west, and as such the project is in a known bauxite province.
Athena is located approximately 20km north of the 15Mt Ceres
resource, making a combined total in the eastern Darling Range
in excess of 50Mt, indicating the region may be evolving as a
major new bauxite project area for the Company.
JORC
classification
Quantity
(Mt)
Al
2
O
3
%
(total)
Al
2
O
3
%
(available
at 148°)
SiO
2
%
(total)
SiO
2
%
(reactive
at 148°)
Inferred
36.2
41.8
32.8
18.1
2.8
Total
36.2
41.8
32.8
18.1
2.8
Details of the Athena resource (July 2014). Note: all grades are unbeneficiated
DIONYSUS (HD MINING JV)
Dionysus is located on one private landholding, approximately
100km north east of Perth, and situated 12km from existing
rail infrastructure providing a link to Kwinana Port. The resource
displays a bauxite zone up to 8.5m in thickness (average 3m).
The project area is yet to be constrained by drilling and as such
potential remains to further grow the resource.
JORC
classification
Quantity
(Mt)
Al
2
O
3
%
(total)
Al
2
O
3
%
(available
at 148°)
SiO
2
%
(total)
SiO
2
%
(reactive
at 148°)
Inferred
20.3
42.1
32.6
12
3.4
Total
20.3
42.1
32.6
12
3.4
Details of the Dionysus resource (June 30, 2014). Note: all grades are unbeneficiated
Annual Report 2014
 Bauxite Resources
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