Page 20 - Bauxite Resources Annual Report 2014

MINERAL RESOURCES AND ORE RESERVES
Bauxite Resources Limited updated its Mineral Resources and Ore Reserve estimates for the twelve months ending June 30 2014.
The Company’s total resources are estimated at 380.2Mt (refer table 1). This represents an increase of 136.5Mt (56%) on total
resources as reported in 2013 (243.7Mt). The increase is principally due to resource upgrades of the Felicitas (70.8Mt) and Fortuna
(13.4Mt) resources, and maiden resource estimates at Dionysus (20.3Mt) and Athena (22.7Mt). Modest resource additions were
realised through a revision of specific gravity (SG) at Cardea3 and Aurora resources (10.8Mt). The tenement containing the Vallonia
(1.5Mt) bauxite resource was surrendered during the year, and the resource inventory adjusted accordingly.
18 | Bauxite Resources Annual Report 2014