Australian Bauxite Limited (ASX:ABZ) Applies For Eight New Bauxite Exploration Tenements Totalling 1,508km2 in Tasmania

Sydney, Mar 9, 2010 AEST (ABN Newswire) - Emerging Australian bauxite company, Australian Bauxite Limited (ASX:ABZ) has applied for eight (8) new bauxite exploration tenements in Tasmania covering an area totalling 1,508 square kilometres (km2) and containing good quality bauxite in favourable settings for potential development.

Australian Bauxite Limited CEO, Ian Levy said; "These unexpectedly high quality bauxite discoveries are especially exciting because they are all in cleared land, near to rail transport networks leading directly to major export ports in a state with a well-developed mining sector. There are also coal mines and an aluminium smelter nearby which could assist in making the processing of bauxite in Tasmania attractive.

"Because of this major expansion in our tenement areas, we intend to step-up our exploration efforts to accelerate the rate of expansion in our JORC-compliant resources and to establish project prioritisation.

"These new discoveries of bauxite demonstrate that the disciplined work by our exploration team led by Jacob Rebek since 2006, and Tamara Coyte in Tasmania, has given us control of the core of the Eastern Australian Bauxite Province which we believe contains better bauxite than most bauxites world-wide."

For the complete Australian Bauxite ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/62410-ASX-ABZ-585794.pdf

About ABx Group Limited

ABx Group Limited (ABx) (ASX:ABX) is a uniquely positioned Australian company delivering materials for a cleaner future.

The three priority projects are:

- Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains

o Processing Options Analysis conducted in partnership with external experts

- Clean fluorine chemical production: Producing industrial chemicals from aluminium smelter by-product (ALCORE)

o Continuous pilot plant under construction in Bell Bay, Tasmania

- Near-term bauxite production: Mining bauxite resources for the aluminium, cement and fertiliser industries

o Agreements executed with Good Importing International for bauxite projects in Queensland and New South Wales, and $2.7 million initial payment has been received

o Approvals well advanced for DL130 bauxite project in northern Tasmania

ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed.

   

Contact

Investor Relations Henry Kinstlinger Australian Bauxite Limited Telephone: +61-2-9251-7177