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The latest announcement is out from Pacific Bauxite Limited ( (AU:WYX) ).
Western Yilgarn Limited has announced a maiden JORC 2012 Mineral Resource Estimate for its Cardea 2 Bauxite Project in Western Australia, revealing a significant resource of 20 million tonnes at 32.1% Total Alumina. This development enhances the company’s asset base to 188 million tonnes of bauxite resources, positioning it strategically for future growth and potential direct shipping ore operations. The Cardea 2 project, located near essential infrastructure, offers logistical advantages and significant potential for further resource expansion, promising long-term value for shareholders.
More about Pacific Bauxite Limited
Western Yilgarn Limited is a company operating in the mining industry, focusing on the exploration and development of bauxite resources. Its primary market focus is on supplying high-quality bauxite to alumina refineries, particularly targeting markets in China and the Middle East.
Average Trading Volume: 191,771
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.3M
See more insights into WYX stock on TipRanks’ Stock Analysis page.