Western Yilgarn NL Advances Bauxite Projects and Strengthens Corporate Structure

Pacific Bauxite Limited ( (AU:WYX) ) has shared an update.

Western Yilgarn NL has reported significant progress in its Julimar West Bauxite Project, with an inferred mineral resource estimate of 168.3 million tonnes of bauxite. The company plans further drilling to expand resources, aiming to support a direct shipping ore operation. Additionally, Western Yilgarn has applied for an exploration license for the New Norcia Gallium-Bauxite Project, which has shown promising historical drilling results. The company has also strengthened its corporate structure with the appointment of John Ciganek as a Non-Executive Director and secured a $520,000 placement.

More about Pacific Bauxite Limited

Western Yilgarn NL is a company operating in the mining industry, focusing on the exploration and development of bauxite and gallium resources. The company is strategically positioned in Western Australia, with projects such as the Julimar West Bauxite Project and the New Norcia Gallium-Bauxite Project, aimed at supplying bauxite for seaborne export to alumina refineries in China and the Middle East.

YTD Price Performance: 35.00%

Average Trading Volume: 277,141

Technical Sentiment Signal: Buy

Current Market Cap: A$3.71M

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