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VBX Limited ( (AU:VBX) ) just unveiled an update.
VBX Limited has reported significantly improved beneficiation results from metallurgical optimisation work for its Wuudagu bauxite project, with product mass recovery from the Wuudagu C deposit rising to 72.9% at a +3.35mm screen size and 79.8% at +1mm, compared with 59.5% in the earlier pre-feasibility study. The test work, based on a simplified, tyre-driven scrubbing circuit, has also confirmed that Wuudagu can deliver high-quality, low-silica bauxite grades across various screen sizes, potentially allowing a 20–30% increase in production capacity during the definitive feasibility study while reducing water and power use and lowering capital and operating costs. VBX says this product quality is a key competitive advantage in the Australian market, and notes it is seeing strong commercial interest from prospective offtake and funding partners as it continues further scrubbing, screening and filtration test programs.
The most recent analyst rating on (AU:VBX) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on VBX Limited stock, see the AU:VBX Stock Forecast page.
More about VBX Limited
VBX Limited is an Australian resources company focused on developing the Wuudagu bauxite project in the north Kimberley region of Western Australia. The project targets high-quality, low-silica bauxite using relatively simple, industry-standard beneficiation methods such as wet scrubbing, screening and filtration to produce export-grade ore for alumina and aluminium markets.
Average Trading Volume: 95,110
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$46.54M
For a thorough assessment of VBX stock, go to TipRanks’ Stock Analysis page.