Western Yilgarn (ASX: WYX) has announced a significant resource upgrade with a new 20Mt Inferred Mineral Resource Estimate at its Cardea 2 Bauxite Deposit, located 16.5km southeast of the 168Mt Julimar West Project. The high-grade core of 2.15Mt features 35.7% Available Alumina and just 2.8% Reactive Silica, based on bomb digest assay results. This brings the company’s total JORC-compliant bauxite resources to 188Mt within the prolific Darling Range of Western Australia. Cardea 2’s strategic proximity to rail and port infrastructure, coupled with favourable geological characteristics, makes it highly suited for Direct Shipping Ore operations targeting alumina refineries in China and the Middle East. Further exploration is planned in untested zones along a 3.8km strike extension. Western Yilgarn’s bauxite projects now offer a compelling platform for growth, positioning the company as an emerging independent bauxite supplier with significant economic and logistical advantages.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.