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Pacific Bauxite Limited ( (AU:WYX) ) has issued an announcement.
Western Yilgarn NL reported a maiden discovery of high-grade gallium and tellurium mineralisation at its Ida Holmes Junction Project, with rock chip sampling over licence E36/1046 returning consistently elevated gallium values and strong tellurium enrichment along a 1.5-kilometre strike. The company interprets these grades as evidence of structurally controlled, hydrothermal mineralisation associated with the Waroonga Shear Zone, suggesting a potentially large, laterally continuous critical mineral system.
Additional rock chip programs over adjacent tenements E36/1020 and E36/1028 delivered very high-grade gallium and notable cobalt-nickel-copper-lead-scandium results, confirming continuity of critical mineralisation east of the Ballard Fault Zone. These outcomes enhance Western Yilgarn’s critical minerals portfolio, underscore the exploration potential of the Ida Holmes Junction Project and set up further systematic exploration to define the scale and economic significance of these discoveries for investors and stakeholders.
More about Pacific Bauxite Limited
Western Yilgarn NL is an Australian mineral exploration company focused on polymetallic and critical minerals within the Mt Ida–Agnew greenstone belt in Western Australia. Its flagship Ida Holmes Junction Project spans about 1,300 square kilometres and is strategically located southwest of Gold Fields’ Agnew Gold Mine, targeting structurally controlled hydrothermal mineral systems.
Average Trading Volume: 503,403
Technical Sentiment Signal: Sell
Current Market Cap: A$6.29M
See more insights into WYX stock on TipRanks’ Stock Analysis page.