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VBX Limited’s $10M IPO Targets Wuudagu Bauxite Amid China’s Surging Demand
3:52pm on Friday 13th of June, 2025 AEST
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Mining
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VBX Limited’s $10M IPO Targets Wuudagu Bauxite Amid China’s Surging Demand
3:52pm on Friday 13th of June, 2025 AEST
Key Points
IPO to raise $10 million at $0.60 per share
Wuudagu Project holds 59.3 million tonnes Probable Ore Reserve
Pre-feasibility study indicates $821 million pre-tax NPV and 16-month payback
Funds earmarked for definitive feasibility study, environmental approvals, and financing
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