The facility will give Australian Bauxite financial assistance to meet transport costs associated with its initial bauxite shipments.

Australian Bauxite CEO Ian Levy said the Efic facility would allow the company to put its cash reserves towards accelerated production following an unusually harsh winter.

“Warmer spring weather conditions are allowing our team to catch up on lost winter production,” he said.

“Shipping tenders have been received and the contract is about to be placed.”

Australian Bauxite started operations at Bald Hill in Tasmania last year and has its first two shipments targeted for this year.