ABN Newswire reported that Australian Bauxite Limited has established a virtual data room in response to approaches made since its declaration of three state significant projects.
All participants have been afforded equal access based on their commitment level commencing with execution of a confidentiality agreement and then progressing through term sheet and MoUs.
The data room is currently open to six international groups and their advisors who are investigating the ABx opportunity be it at tenement project subsidiary or company level.
Site visits have been conducted in each of the projects and are ongoing.
ABx gives no assurance that any proposal agreement or transaction will result.