New plan for Bindoon: Bauxite Resources

Bauxite Resources has announced it will withdraw its application and appeal against the Environmental Protection Authority's decision on the level of assessment required for a bauxite mine near Bindoon.

The company has announced instead it will apply to the EPA to mine 2 million tonnes per annum from the Stephens Road site.

Bauxite Resources had originally applied to undertake a 1.2 million tonne six month trial mining operation at the site.

Bauxite Resources Limited Chairman, Barry Carbon said, "Our plans are, and have always been, to develop BRL into a company built on a profitable long-term mining operation which we believe is reflected in the application we will make to the EPA."

"This realistic and sustainable approach should reduce the uncertainty on the time taken to obtain environmental assessment for a mining licence while seeking sufficient tonnage for a long term sustainable operation," Mr Carbon added.

"Bauxite Resources believes this new strategy is both achievable and appropriate," said Mr Carbon.

Late last month the company's managing director Dan Tenardi resigned.