Increased dimensionality of the satellite data proves to be very useful for discriminating features with very close spectral matching. Present study concentrates on the retrieval of reflectance spectra from the level one radiometrically corrected data in Koraput district (Orissa) for the Bauxite ore. In the present study, atmospheric correction model FLAASH has been used to retrieve reflectance from the radiance data. Preprocessing of the dataset has been done before applying atmospheric correction on the dataset. Spectral subsetting of noise prone bands has been successfully done. Local destriping of the affected bands has been done using a 3*3 local mean filter. Spectral signatures of samples were derived from the processed data. Spectral signature of each sample and derived features vectors were correlated with the satellite image of the area and distribution of each feature was demarcated. Spatial abundance of each feature was used in preparation of mineral abundance map. Accuracy of the map was assessed using training sets of representative geological units. The mineral abundance mapping using the spectral analysis of the reflectance image involves the endmember collection using the N-Dimensional visualizer tool in ENVI software. Laterite, Bauxite, Iron and silica rich Aluminous laterite soil, Alluvium and Forest were selected as the end members after understanding the geology and analysis of the reflectance image. Various mapping techniques were applied to generate the final classified mineral abundance Map, Linear Spectral Unmixing, Mixture Tune Matched Filtering, Spectral Feature Fitting, Spectral Angle Mapper were the techniques used. Results have revealed the ability of Hyper spectral Remote sensing data for the identification and mapping of Hydrothermal altered products like Bauxite, Aluminous Laterite. This technology can be utilized for targeting minerals in the altered zone.