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VBX Limited (ASX:VBX)

ALERT: Price-sensitive ASX Announcement for VBX
Current share price for VBX : $0.460 -0.1 (-17.86%)+
Announcement
Release
20 Jan 2026 8:41AM
Price at Release
$0.560
Full Release
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Summary
VBX Limited announced a significant increase in the Measured and Indicated Mineral Resource Estimate for the Wuudagu B and C plateaus, a part of their Wuudagu bauxite project in Western Australia. The 2025 infill drilling program resulted in a 51% increase in resources, supporting an extension of the project's mine life. The updated estimate includes 95.8 Mt of Measured and Indicated resources with high alumina content and low silica, enhancing the project's attractiveness. The Mineral Resource Estimate was completed by SRK Consulting, with expectations of further resource estimates for additional plateaus. VBX is moving toward a Definitive Feasibility Study, indicating robust potential for continued development.
Key Points
  • Wuudagu B and C Mineral Resource Estimate increased by 51% following 2025 drilling.
  • 2025 drilling program supports a material extension of Wuudagu Project's mine life.
  • 95.8 Mt Measured and Indicated Mineral Resources at 39.5% Al2O3 and 13.7% SiO2.
  • Resource estimate completed by SRK Consulting, an expert in lateritic bauxite deposits.
  • Further resource estimates for Wuudagu D, E, and F expected in February.
  • Project to benefit from low-silica, high-alumina product quality.
  • VBX Limited focuses on extending mine life through ongoing feasibility studies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.