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VBX Limited ( (AU:VBX) ) has provided an announcement.
VBX Limited has announced the receipt of initial assay results from infill drilling at the Wuudagu B deposit, revealing consistent bauxite mineralization with previous estimates. This development is expected to enhance the confidence in the Wuudagu B Mineral Resource Estimate and support the inclusion of the deposit in the mine plan for the Definitive Feasibility Study (DFS). The strategic location of Wuudagu B, being closer to the proposed barge loading facility, offers potential cost savings in terms of haul road construction, benefiting the project’s economic viability.
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 operates in the mining industry, focusing on the exploration and development of bauxite deposits. The company is currently advancing the Wuudagu bauxite project located in northern Western Australia, which is a key part of its market strategy.
Average Trading Volume: 62,372
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$38.23M
For an in-depth examination of VBX stock, go to TipRanks’ Overview page.