Sept 9 (Reuters) - Queensland Bauxite Ltd QBL.AX :
* $2M USD ($2.88M aud) facility secured with New York investment firm magna,
* $2M usd facility secured for qbl projected development capital and operating costs on flagship bauxite project at south johnstone
* Says facility will help the company to fast track its development and production on its south johnstone bauxite project
* Says company has estimated capital costs of approximately $5M to get the project into production
* Says independent sign off on jorc resource upgrade for the mdl area expected imminently
* Source text for Eikon ID:nASX17Nqdp
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