AUSTRALIAN Securities Exchange-listed Ord River Resources has boosted the indicated bauxite resource at its joint venture interests along the Bolaven Plateau in southern Laos.
Exploration undertaken by Sino Australian Resources Company (SARCO), Ord River Resources’ JV company operating in Laos, delivered a JORC-compliant indicated resource of 62 million tonnes of bauxite.
The fresh bauxite booty comes from the Plateau’s Yuquida tenement and is based on drilling performed between November 2007 and February 2008.
Exploration work is continuing at Yuquida with the aim of defining further mineral resources.
Established last year as a foreign private company in Laos, SARCO is joint-owned by Ord River Resources (49%) and China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (51%).
Stocks in Ord River Resources shed 1.5c to trade at 15.5c this morning.
VAN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
