VBX Upscales Wuudagu DFS With Higher Mining Rates and Lower-Cost Infrastructure

VBX Limited ( (AU:VBX) ) has provided an update.

VBX Limited has announced material enhancements to the scope of its Definitive Feasibility Study for the Wuudagu Bauxite Project, underpinned by a larger and higher-confidence mineral resource and improved beneficiation results. The company now plans to lift the mining rate from 6 million tonnes per annum to between 8 and 9 Mtpa, boosting product mass recovery and enabling more efficient use of transport infrastructure, which is expected to lower capital intensity and operating costs. Additional scope changes include adopting a lower-cost bore field as the preferred water solution and co-locating the barge loading facility and materials offloading facility at Guy Point to further trim capital expenditure. To fund the expanded DFS work program and provide working capital during this critical de-risking phase, Managing Director Ryan de Franck has committed $2 million in non-dilutive, low-cost financing, while the company progresses project funding and offtake negotiations with potential strategic partners through a global investment bank.

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 bauxite developer focused on the Wuudagu Bauxite Project in the north Kimberley region of Western Australia, aiming to supply low-silica bauxite to the global aluminium industry. The project benefits from relatively short and efficient logistics from mine to port and targets high-quality beneficiated product for customers seeking diversification from traditional West African supply sources.

Average Trading Volume: 107,641

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$46.54M

See more data about VBX stock on TipRanks’ Stock Analysis page.