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VBX Limited ( (AU:VBX) ) just unveiled an announcement.
VBX Limited has announced significant progress in the development of its Wuudagu bauxite project, highlighted by the appointment of Lloyd Dolman as General Manager – Development. Dolman’s experience in project development and operations is expected to be instrumental in advancing the project. The company has also revised its agreement with Transhipment Services Australia to enhance transhipment solutions for the project. Drilling activities are progressing well, with a second rig mobilized to expedite exploration and infill drilling, aiming to increase resource confidence and support the Definitive Feasibility Study. These developments are crucial for VBX’s strategic positioning in the bauxite mining sector and are likely to impact stakeholders positively by advancing project timelines and resource estimates.
The most recent analyst rating on (AU:VBX) stock is a Buy with a A$1.60 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 a company involved in the mining industry, focusing on the development of the Wuudagu bauxite project in northern Western Australia. Their primary activities include exploration, drilling, and the advancement of feasibility studies for bauxite mining, with a market focus on enhancing resource estimates and optimizing mine plans.
Average Trading Volume: 290,518
Learn more about VBX stock on TipRanks’ Stock Analysis page.