Cann Global Ltd (CGB)

[Alexulf]

QBL Well Prepared COMMENCE MINING at South Johnston, as soon as the first deal is signed.


Queensland Bauxite Limited
the 27 march kl. 04:26 ·
VISITOR FEEDBACK - reply QBL MEDIA TEAM
Over the past couple of weeks, there has been some comments or questions about the Bauxite project and the logistics and whether QBL has made appropriate arrangements.
REPLY - QBL is well prepared to commence mining at South Johnston as soon as the first deal is signed.
MOURILYAN PORT AUTHORITY
https://www.asx.com.au/asxp…/20150210/pdf/42whmz061x4cz7.pdf
On the 10/02/2015, QBL signed an H.O.A. with the Mourilyan Port Authority to ship a minimum of 800,000 tonnes of bauxite per annum from their port facility. The arrangement allows for full utilisation of the port infrastructure including F.O.B. costs. (getting the ore onto the ships)
The Port of Mourilyan is located 15-24klm west, by road, of the South Johnston mine site and has excellent road connections.
Logistics - Transportation/ore processing
The bauxite mineralisation at South Johnstone being close to the surface and right off the main highway adjacent to the port, close to Asian markets, means that the Company's capital and operational costs are estimated to be of the lowest cost producers in the world. As per the Company's released scoping study, capital expenditure is expected to be only approximately $5 million dollars, and operating expenditure is expected to be only AUD$20.87 per tonne FOB Mourilyan Harbour.
https://www.asx.com.au/asxp…/20141229/pdf/42vrwl7fb881b7.pdf


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