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Pacific Bauxite Limited ( (AU:WYX) ) has provided an announcement.
Western Yilgarn NL has announced the acquisition of the Cardea 3 Bauxite Project, expanding its presence in the Darling Range Bauxite Mineral Field. The project, located near key infrastructure and ports, shows promising high-grade bauxite results, positioning the company to capitalize on the growing demand for Direct Shipping Ore bauxite. This acquisition enhances Western Yilgarn’s potential to increase bauxite tonnage and grade, offering a logistical advantage in the current market of high alumina and bauxite prices.
More about Pacific Bauxite Limited
Western Yilgarn NL is a company operating in the mining industry, focusing on the exploration and development of bauxite resources. The company is engaged in expanding its mineralized footprint within the Darling Range Bauxite Mineral Field, which is strategically located near Perth, Western Australia.
Average Trading Volume: 205,430
Technical Sentiment Signal: Sell
Current Market Cap: A$3.99M
For an in-depth examination of WYX stock, go to TipRanks’ Stock Analysis page.