Acquiring & developing high-value, low-cost bauxite opportunities close to Asian markets
Pacific Bauxite Limited (ASX: PBX) (Company) is an Australian mineral explorer with a clear focus on bauxite exploration, mining and production. The Company has investments in exciting bauxite projects in the Solomon Islands, as well as the Darling Range Bauxite Project (Darling Range) is located in Western Australia. The Company’s Acquisition of Darling Range is consistent with its strategy to build a portfolio of high quality bauxite assets in targeted jurisdictions, in order to position itself to help satisfy the forecasted near term growth in global bauxite demand.
The Company also holds a stake in several highly prospective iron ore and gold projects across Australia, delivering exposure to a diverse asset portfolio with minimal holding costs derived from joint-ventures, free-carried interests, royalties and milestone payments.
The Company’s board and management team complements its corporate skills with broad experience in project development, mining and environmental management. Pacific Bauxite hold strong relationships with Chinese alumina companies and international commodities traders, which will facilitate advantageous sales and marketing programs.