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Pacific Bauxite Limited ( (AU:WYX) ) has issued an update.
Western Yilgarn NL’s December quarterly report highlights active expansion of its gallium and bauxite portfolios and progress on the ground across key Western Australian tenements. At the Ida Holmes Junction Project, the company commenced ground exploration targeting gallium, gold, cobalt and nickel anomalies, and expanded its gallium footprint by securing two new exploration licences covering about 230km² adjacent to an open gallium‑mineralised system, enhancing the potential for further extensions and discoveries. In its bauxite portfolio, Western Yilgarn secured a land access agreement over the Cardea 2 Project that allows immediate on‑ground work over a central resource area hosting significant bauxite tonnage, and obtained granted status for an exploration licence hosting the Norcia Gallium Bauxite Project, together strengthening its ability to advance bauxite‑gallium exploration. On the corporate front, the company completed a A$698,000 equity placement at A$0.04 per share to fund exploration at Julimar West and its Cardea and New Norcia bauxite‑gallium projects, underpinning its near‑term work programs and reinforcing its strategic focus on critical mineral and bulk commodity opportunities.
The most recent analyst rating on (AU:WYX) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Pacific Bauxite Limited stock, see the AU:WYX Stock Forecast page.
More about Pacific Bauxite Limited
Western Yilgarn NL is an Australian exploration company focused on critical minerals, including gallium, bauxite, gold, cobalt and nickel, with a portfolio of projects in Western Australia. Its assets include the Ida Holmes Junction gallium project, bauxite projects such as Cardea and Norcia, and the Julimar West Project, positioning the company within key emerging and established mining districts.
Average Trading Volume: 405,470
Technical Sentiment Signal: Sell
Current Market Cap: A$4.88M
For detailed information about WYX stock, go to TipRanks’ Stock Analysis page.