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Bauxite hasn’t flown the coup

indian Resources Ltd chief executive silica, so it’s a very good quality product.”
LAlistair Stephens says Guinea’s rule Existing infrastructure roughly 50km
under interim President Mamady Doum- from Gaoual will prove screening and bulk
bouya following last year’s military coup handling to be a painless process.
has not, and will not, cause problems for “It’s not too difficult to transport bauxite
its bauxite market. into a major infrastructural facility and to
“There’s been some uncertainty about be transported to overseas markets,” Ste-
some instability about Government there, phens said. “Expect some increased inter-
but at the moment, business is usual,” Ste- est in the short term in its opportunity to be
phens said at Africa Down Under. “Bauxite commercialised.”
has continued to flow uninterrupted.” Despite Gaoual being Lindian’s “best”
Doumbouya replaced Guinea’s previ- project, as Stephens puts it, Woula will be
ous and first democratically elected leader Alistair Stephens the one to deliver near-term value for the
President Alpha Conde, who served from company.
2010 to 2021. Conde’s rule met its end af- world’s bauxite with 25bt in resources. The Woula is expected to be low capex and
ter a slew of protests, tax hikes, general country is expected to increase its bauxite to enter production in the short term with
economic instability and a controversial supply by 6.5% to achieve 100mt by 2025. the added value of being 10km from an ex-
change to the constitution to secure a third Lindian impressively commands a 1bt isting haul road connecting to the port of
term. bauxite resource in Guinea with a number Katougouma.
Despite this, Stephens asserted Guin- of projects including Gaoual (101.5mt @ Meanwhile, Lindian’s longer term growth
ea’s massive supply of bauxite would con- 49.8% aluminium oxide and 2.1% silica), is somewhat dependent on a railway line
tinue to operate unscathed. Lelouma (900mt @ 45% aluminium and currently undergoing extension towards
“Guinea is a great place to operate if 2.1% silica) and Woula (19mt @ 41.7% alu- Lelouma and Gaoual’s tenements.
you want bauxite,” he said. “Iron ore to the minium and 3.2% silica). “While I don’t know exactly what the sta-
Pilbara is like bauxite is to Guinea. It’s the “Gaoual is our best project,” Stephens tus of that is, it’s a project the Government
best place to be if you want bauxite as- said. “It’s a conglomerate bauxite which wishes to push for opening up further re-
sets. We’re seeing increasing interest for means it can be screened and upgraded sources,” Stephens said.
our bauxite assets.” to almost a 60% aluminium grade.
Guinea possesses roughly half of the “It’s particularly high quality and low in – Fraser Palamara

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aUSTRaLIa’S PaYDIRT OCTOBeR 2022 Page 47