Join our daily newsletter At The Bell to receive exclusive market insights
Western Yilgarn NL (ASX:WYX) has acquired a bauxite-gallium project in Western Australia considered attractive due to its location proximal to the Julimar West Bauxite Resource Project and thanks to its suite of historical drilling.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The New Norcia project is within the Darling Rangle Bauxite Mineral Field, around 25 kilometres north of Julimar West. Western Yilgarn has since applied for an Exploration Licence over this territory, aiming to delineate its mineralisation, starting from historical aircore drilling and surface sampling data.
“We are extremely pleased with securing the New Norcia Project as it provides further scalability and excellent potential to increase the bauxite tonnage and grade through further exploration and metallurgical test work,” Western Yilgarn director Mr Kastellorizos said after the market release.
The former includes nine metres (m) at 95.83 grams per tonne (g/t) Ga2O3 (gallium oxide) from surface; two metres at 134.3 g/t Ga2O3 from surface; and six metres at 110.24 g/t Ga2O3 from surface.
The project also has a suite of high-grade vacuum and aircore drilling results, including seven metres at 50.39% Total Al2O3 (aluminium oxide), 29.83% Available Al2O3 and 3.4% Reactive SiO2 (silica) from surface; and five metres at 42.39% Total Al2O3, 33.2% Available Al2O3 and 5.5% Reactive SiO2 from surface.
Historical high-grade surface sampling from 2010 includes rock chip sample of 50.4% Total Al2O3 and 8.39% SiO2; 48.7% Total Al2O3 and 6.2% SiO2 from sample.
“The location of the current resource is within trucking distance of a multi-user railway at a time of record alumina and bauxite prices,” Mr Kastellorizos said.
More market news
51st State: What is Trump’s endgame with tariffs – and what will it mean for Canada?
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
“The extensive bauxite zones have the potential for additional resource growth along strike and depth, concentrating to the west and south of the current tenure. Western Yilgarn will be planning the next phase of drilling in the project’s untested zone with a view of expanding the current mineralised footprint.”
WYX shares have been trading at 3.6 cents this Wednesday.
Join the discussion: See what HotCopper users are saying about Western Yilgarn NL and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
