Progress at VBX Limited’s Wuudagu bauxite venture has taken another step forward, as the company confirms that the first batch of assay results from its latest infill drilling programme has now been reviewed. The samples taken from the Wuudagu B deposit show bauxite mineralisation in line with earlier projections, strengthening the level of confidence in the existing Mineral Resource Estimate.
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The fresh data is expected to play a decisive role in determining whether Wuudagu B will be formally incorporated into the mine plan for the project’s Definitive Feasibility Study. Its location gives it an added advantage. The deposit sits closer to the site marked for the barge loading facility, a factor that could reduce the cost and extent of haul road construction and, in turn, improve the project’s overall economics.
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VBX Limited, which focuses on discovering and developing bauxite resources, continues to push ahead with plans for the Wuudagu project in northern Western Australia, a core element of the company’s broader commercial strategy.
Read More: Nimba Mining Company sets Guinea’s bauxite sector in motion with its first major shipment
In market terms, the stock currently shows an average trading volume of 62372, with analysts’ technical sentiment pointing to a Strong Sell. VBX’s market capitalisation stands at AUD 38.23 million (USD 0.645).
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