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VBX Limited ( (AU:VBX) ) has issued an update.
VBX Limited has reported strong exploration drilling results from the previously undrilled Wuudagu E and F plateaus at its Wuudagu bauxite project in northern Western Australia, with assays from 96 holes showing consistently thicker, higher-grade bauxite with elevated aluminium oxide and lower silica compared with earlier work on the project’s existing deposits. As these new results come entirely from outside the current 95.9Mt mineral resource, they are expected to support an increase in both the size and confidence of Wuudagu’s resource base, with updated resource estimates for existing deposits and initial estimates for the D, E and F plateaus due in the coming weeks, potentially enhancing the project’s development prospects and operational economics for stakeholders.
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 (ASX: VBX) is an Australian bauxite explorer and developer focused on advancing its Wuudagu bauxite project in northern Western Australia. The project targets high-grade bauxite resources on several plateaus within its exploration and mining tenure near Kalumburu, positioning the company within the aluminium raw materials supply chain.
Average Trading Volume: 74,391
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$42.38M
For detailed information about VBX stock, go to TipRanks’ Stock Analysis page.