The company reported strong results from the undrilled Wuudagu E and F plateaus in northern Western Australia, where assays from 96 holes revealed consistently thicker, higher-grade bauxite. The material showed elevated aluminium oxide and lower silica compared with earlier drilling from the project’s existing deposits.
All of the new results fall outside the current 95.9-million-tonne mineral resource, and VBX expects they will support both an expansion and an upgrade in confidence across the broader Wuudagu resource base. Updated estimates for existing deposits, along with initial resource figures for the D, E and F plateaus, are due in the coming weeks - developments the company believes could improve the project’s development outlook and underlying economics for stakeholders.
The market responded positively. VBX shares rose as much as 6.2 per cent to AUD 0.52, the highest level since December 18, marking the biggest intraday percentage gain since mid-December. The stock is now up 3.5 per cent year to date, including the latest session’s move.
VBX Limited, which debuted in June 2025, is an Australian exploration and mining company focused on bauxite resources. It has an average trading volume of 73,098 shares, carries a technical sentiment signal of “Strong Buy,” and holds a current market capitalisation of AUSD 44.05 million (USD 29.4 million).
