ann: cape alumina resource upgrade

http://imagesignal.comsec.com.au/asxdata/20080624/pdf/00853782.pdf

"Cape Alumina doubles resource at Pisolite Hills Project to
100 million tonnes of insitu bauxite
Cape Alumina has today released details of a doubling in bauxite resources for its Pisolite Hills
project on the Weipa bauxite plateau of western Cape York, Queensland.
The new resource statement, which now represents a Mineral Resource of 100.8 million tonnes of
Indicated (75.8 Mt) and Inferred (25.0 Mt) insitu bauxite, is the first since the Company’s maiden
resource statement in January 2007.
The resource upgrade, based on drilling undertaken in 2006 and 2007 (see Figure 1), was compiled
by Snowden Mining Industry Consultants (Snowden).
Cape Alumina CEO, Dr Paul Messenger said the reported Mineral Resource provided increased
confidence of the scale of the deposit and its export quality. “We see the potential for an initial 10-15
year operation at Pisolite Hills and this new resource statement will form a key component of our
preliminary feasibility study which we expect to complete in July.”
“The pleasing aspect of the new resource estimate is the average beneficiated grade has improved to
53.5% Total Al2O3 and the average low-temperature reactive silica is now lower at 7.4%. Pisolite Hills
bauxite is suited for blending feed to low-temperature Bayer-process refineries in China - our key
export focus,” he said.
“We are looking to further expand this resource base with extension drilling programs planned for our
Pisolite Hills tenement areas later in the year. Further regional exploration - where we hold 16
Exploration Permit (Minerals) applications over approximately 2,240km2 in Cape York - will also be a
focus for 2008 and 2009 field seasons.”"