Bauxite Mining News

VBX Limited
VBX Limited
VBX
Western Australia

VBX: Annual Report to shareholders

VBX Limited's annual report for FY26 highlights significant progress at its Wuudagu Bauxite Project, including a substantial 108% increase in Measured and Indicated Mineral Resources to 131.9 Mt at 40.2% Al₂O₃ and 12.6% SiO₂. Metallurgical test work demonstrated improved product mass recovery, and the Definitive Feasibility Study (DFS) advanced with an optimized project configuration. However, the company reported a significant net loss of $13.2 million and a net asset deficiency, with a material uncertainty regarding its ability to continue as a going concern, necessitating a $4.5 million capital raise and extension of related-party loans post-year-end.

View story
Western Yilgarn NL
Western Yilgarn NL
WYX
Western Australia

WYX: Annual Report to shareholders

Western Yilgarn NL reported a transformational year in FY2026, marked by a significant increase in its JORC (2012) Inferred Bauxite Resources to 244Mt, including maiden Mineral Resource Estimates for Cardea 3 and New Norcia. The company also announced a potentially substantial critical minerals opportunity with a maiden gallium-tellurium discovery at Ida Holmes Junction, alongside high-grade cobalt-nickel-copper-lead-scandium mineralisation. These achievements, coupled with secured land access and strategic appointments, position Western Yilgarn for continued exploration and development in its diversified Western Australian mineral portfolio.

View story