Bauxite News

This weeks industry news:

Lindian Resources, has received the Guinea Ministry of Mines’ approval to acquire a 61 per cent stake in the strategic Woula bauxite project. The company sees Woula as a possible near-term entree to production given the Woula bauxite resource’s direct shipping ore potential and the project’s close proximity to the mature Guinea bauxite industry’s transport and export infrastructure. The Perth-based company says it aims to start work on either the scoping study or feasibility study during the March quarter next year.
Woula, which hosts a modest inferred mineral resource of 19 million tonnes of ore going 41.7 per cent aluminium oxide, sits just 10 kilometres from an existing haul road linking the neighbouring Dabiss mining operation to the Katougouma bauxite export terminal. Lindian says it will initiate commercial discussions with the relevant infrastructure owners as it looks to gain access rights to the roads and ports required for a proposed – one million tonnes of direct shipping ore, or “DSO” per annum – Woula bauxite production operation.

I like the idea of the company embarking on the production of ONE MILLION tonnes per annum as top priority. Will generate cash flow which can be directed towards the development of the conglomerate resource. 2021 should be the start of a great future for Lindian.