Australian Bauxite Limited (ABx) was incorporated on 23rd September 2009 and was formed specifically for the purpose of acquiring the bauxite interests of Hudson Resources Limited; increasing the value of the portfolio through a staged development program in each of three bauxite provinces which will include exploration sampling, drill testing and analyses from a wider range of targets on all exploration tenements; resource definition drilling and bauxite metallurgical testwork on the more advanced prospects.

The bauxite deposits are located close to existing transport and other infrastructure, close to coal mines, industrial centres and ports on the east coast of Australia.

ABx was admitted to the Official List of the ASX on 21 December 2009 with ASX code: ABZ.

Trading commenced on Thursday, 24th December 2009. ABx shares opened at 25.5 cents and closed at 31 cents with over 1.1 million shares traded.

Shares closed at a 55% premium on the issue price representing a market capitalisation of $21.7 million.