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High grade bauxite strike blows out by 3.5km for Lindian

Lindian Resources’ bonanza-grade conglomerate bauxite project in Guinea continues to deliver with recent work significantly growing the scale of the Bouba conglomerate bauxite prospect.

High grade mineralisation has been identified over more than 7 km of strike after the Perth based company said it has identified a 1km extension of the deposit immediately to the north and another 2.5km of strike further south. A sample taken from the project returned values of over 62% Alumina with relatively low contaminants.

The Bouba Plateau is one of two key targets within Lindian’s Gaoual Bauxite Project in northern Guinea, West Africa.

Gaoual lies approximately 65 km northeast of the world-class Sangaredi Conglomerate Bauxite Deposit which has been economically mined for more than 30 years. The rail head at Sangaredi links the operation with the Kamsar Port and Alcoa’s Kamsar alumina refinery, located 155km to the west south-west on Guinea’s coast. Guinea hosts around a third of the world’s reserves of bauxite, which is used to make aluminium.

The bauxite at Bouba is similar in nature to Sangaredi, being a ‘conglomerate style’ of mineralisation. Samples from Bouba show highly desirable metallurgical characteristics including very high grades of alumina over the magical 60% threshold as well as low levels of unwanted contaminants such as silica and iron, making it a priority target.

Lindian Resources Managing Director, Shannon Green said: Our Geologists are continuing to identify significant areas of Conglomerate Bauxite and therefore increasing the scale of the very high-grade Bauxite is just further testament to the World Class nature of our project.”

Initial drilling over the Bouba Plateau outlined a target over 3 km long and 1 km wide with over 10 metres of thickness. However, recent exploration has identified two additional areas of conglomeritic bauxite – now known as Bouba North & South.

Bouba North extends north from the main Bouba prospect while Bouba South is a new discovery located approximately 3 km south south-east of the main prospect area.  Lindian plans to expedite testing of these newly discovered targets with drilling scheduled for the middle of March.

Lindian’s foray into West Africa has borne early fruit with initial exploration returning some high-grade bauxite and a set of targets that point to a very significant scale of deposit.

They say that if you want to go elephant hunting you need to go to elephant country and when it comes to bauxite, Guinea fits the bill perfectly and at first glance, with some 7km of strike, it is not out of the question to believe that Lindian may have an elephant on its hands at Bouba.

 

Is your ASX listed company doing something interesting? Contact : matt.birney@businessnews.com.au

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Total Shareholder Return as at 31/03/20

1 year TSR5 year TSR
460thLindian Resources-34%-24%
563rdTempus Resources-49%
571stTAO Commodities-50%
660thTanga Resources-60%-50%
737thTechnology Metals Australia-70%
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21/11/19
$0 Bought
21/11/19
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425th↑Lindian Resources$0
465th↓Tanga Resources$0
466th↑TAO Commodities$0
468th↑Technology Metals Australia$0
469th-Tempus Resources$0
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