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The latest update is out from Pacific Bauxite Limited ( (AU:WYX) ).
Western Yilgarn Limited has announced the commencement of a 2012 Mineral Resource Estimate for its Julimar West Bauxite Project, located in the Darling Range Region. This project has the potential to host a significant bauxite resource, positioned to meet the rising global demand for bauxite, driven by increasing prices and supply constraints. With historical exploration data indicating a promising bauxite mineralization, Western Yilgarn is strategically placed to contribute to the alumina industry, benefiting from its proximity to essential infrastructure and ports.
More about Pacific Bauxite Limited
Western Yilgarn Limited (ASX: WYX) operates in the mining industry, focusing on bauxite exploration and extraction. The company is involved in the Julimar West Bauxite Project located in the Darling Range Region of Western Australia, an area recognized for its significant bauxite mineralization. Western Yilgarn aims to supply bauxite to established alumina refineries, leveraging its strategic location near Perth’s ports and infrastructure.
YTD Price Performance: 20.0%
Average Trading Volume: 104,148
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$2.97M
Find detailed analytics on WYX stock on TipRanks’ Stock Analysis page.
