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Pacific Bauxite Limited ( (AU:WYX) ) has provided an announcement.
Western Yilgarn NL has announced a substantial expansion of its bauxite portfolio by securing the Cardea 1, 2, and 3 Bauxite Projects in the Darling Range Bauxite Mineral Field, enhancing its asset base to 188 million tonnes. This expansion positions the company to capitalize on the growing demand for Direct Shipping Ore (DSO) bauxite, with the projects benefiting from proximity to major infrastructure. Additionally, the company has expanded its gold portfolio with the acquisition of the Gascoyne Gold Project, which presents significant exploration opportunities. The appointment of Darren Foster as a Non-Executive Director is expected to strengthen the company’s leadership and strategic direction.
More about Pacific Bauxite Limited
Western Yilgarn NL is a company operating in the mining industry, focusing primarily on bauxite and gold exploration. The company has a significant presence in Western Australia, with projects located in the Darling Range Bauxite Mineral Field and the Dalgaringa Supersuite, targeting both bauxite and gold resources.
Average Trading Volume: 162,618
Technical Sentiment Signal: Sell
Current Market Cap: A$3.71M
For detailed information about WYX stock, go to TipRanks’ Stock Analysis page.