QBL Quote Annual Report:
"There is a 300 million tonne (plus) Exploration Target* at South Johnstone as detailed in this report, as well as higher grade areas which is currently the first focus of our goal to define a mineable resource for a Direct Shipping Ore (DSO) bauxite export operation.
From this Exploration Target, the definition of our initial inferred JORC resource of 30 million tonnes as detailed in this report, of largely gibbsitic bauxite with suitable alumina, silica and low boehmite levels is the starting point for development of the Project. Gibbsitic bauxite is the most desirable and in demand of bauxite ores for processing in alumina refineries.
Work done to date suggests that bauxite from South Johnstone is comparable in many respects to bauxite in the Darling Ranges in Western Australia, one of the premier bauxite producing regions of the world."
Stocks78:
1. Exploration Target is being updated over 300million/t to ? COOL
2. 30Million resource is now indicated not inferred, and being upgraded up from 30 million to ? UNREAL
3. Data suggests "what did they say" ?????? WOW.....
Fairly simple people read some previous reports and see that everything is being upgraded now to fact and verified.....
