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VBX Limited (ASX:VBX)

ALERT: Price-sensitive ASX Announcement for VBX
Current share price for VBX : $0.730 0.27 (58.70%)+
Announcement
Release
31 Jul 2026 9:57AM
Price at Release
$0.460
Full Release
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Summary
VBX Limited has reported its quarterly activities for the period ending 30 June 2026, highlighting a cash balance of $0.3 million. The company has secured an additional $1 million in funding to complete the Wuudagu Definitive Feasibility Study (DFS) and ensure operational sustainability. A notable development is the signing of a A$10 million prepayment and offtake facility term sheet with tk accelis and a Bauxite Offtake and Investment Framework Agreement with a major Chinese aluminium group's subsidiary. The company also achieved environmental approvals to optimize its Wuudagu project in Western Australia. VBX Limited continues to focus on developing its high-grade, low-silica bauxite resources at Wuudagu, with the product expected to attract a premium price due to its low silica content.
Key Points
  • VBX Limited reported a cash balance of $0.3 million as of 30 June 2026.
  • The company secured an additional $1 million in funding to support the Wuudagu Definitive Feasibility Study (DFS).
  • VBX Limited signed an indicative term sheet for a A$10 million prepayment and offtake facility with tk accelis.
  • A Bauxite Offtake and Investment Framework Agreement was signed with a Hong Kong subsidiary of a major Chinese aluminium industry group.
  • VBX Limited is focused on the development of high-grade, low-silica bauxite resources at its Wuudagu project.
  • VBX Limited received EPA and Commonwealth approvals to optimize the Wuudagu project.
  • The Wuudagu bauxite product is unique for its low silica content, positioning it for a premium price in the market.
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.