Cape Alumina unearths Bauxite potential in Queensland project

Australian mining firm Cape Alumina (ASX: CBX) has announced the good results and drilling potential in its Bauxite Hills mines.

In a disclosure to the stock exchange, Cape Alumina's Chairman, Mr George Lloyd, said the concept study provided the Company with the confidence to continue with the next stages of the project's development.

"The proposed Bauxite Hills mine and port project has potential to deliver great value for shareholders, the local aboriginal communities of western Cape York and the people of Queensland," he said.

Bauxite, which is a key ingredient in the manufacture of aluminium products, is still quite in demand world-wide. The listed firm in the ASX, also cited the high‐grade results from the reconnaissance samples and the close proximity of the Bauxite Hills project to the existing port at Skardon River make the project appear to be very attractive - especially given the strong outlook for the growing Asia‐Pacific bauxite market.

"Over the past few months Cape Alumina has completed the Bauxite Hills concept study, lodged the first of several Mining Lease Applications (MLAs) over the area and commenced preparations for an Environmental Impact Statement (EIS)," he said.