Pacific Bauxite Limited ( (AU:WYX) ) has provided an update.
Western Yilgarn Limited has announced a significant Mineral Resource Estimate for its West Julimar Bauxite Project in the Darling Range Region of Western Australia. The project, which covers a substantial area, has an inferred mineral resource of 168.3 million tonnes with a high alumina content, indicating strong potential for economic development. The company plans further exploration to expand the resource, aiming to establish a direct shipping ore operation to supply bauxite to alumina refineries in China and the Middle East. This development positions Western Yilgarn to become a key player in the bauxite supply chain, potentially generating significant shareholder value and local employment.
More about Pacific Bauxite Limited
YTD Price Performance: 20.0%
Average Trading Volume: 148,570
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.71M
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