Bonasika Bauxite Project

In June 2009 PRRF provided funding in the form of convertible notes to First Bauxite Corporation to fund pre-feasibility expenditure on the Bonasika refractory bauxite project located in Guyana, South America.  First Bauxite controls one of the few independent refractory bauxite projects, refractory grade bauxite is only available in exportable quantities in Guyana and China.  Refractory bauxite is a high value specialty industrial mineral used in high temperature applications, e.g. to manufacture insulating bricks that line steel making blast furnaces.