• All remaining infill drilling assay results from 128 holes received for the Wuudagu B deposit
• Assay results consistent with previous 2016 results, supporting the Wuudagu B Inferred Mineral Resource Estimate
• VBX targeting an increase in the confidence of the Wuudagu B resource estimate

VBX Limited (ASX: VBX) has provided an update on progress towards development of the Wuudagu bauxite project in northern Western Australia. The company has received all remaining infill drilling assay results from 128 holes for the Wuudagu B deposit, with highlights including 3m at 49.1% Al2O3 and 8.9% SiO2 from surface, 4m at 44.0% Al2O3 and 10.0% SiO2 from surface, and 6m at 47.1% Al2O3 and 8.3% SiO2 from 1m depth. These results are consistent with the previously reported Wuudagu B Inferred Mineral Resource Estimate of 16.1Mt at 39.3% Al2O3 and 13.2% SiO2. VBX is now targeting an increase in the confidence of the Wuudagu B resource estimate, enabling it to be included in the mine plan for the Wuudagu Definitive Feasibility Study (DFS). An updated Wuudagu B resource model is currently being prepared. One of the key optimisation opportunities to be evaluated in the Wuudagu DFS is the potential to commence mining operations at the Wuudagu B deposit, which is approximately 10km or 30% closer to the proposed barge loading facility compared to the Wuudagu C deposit evaluated in the 2025 Pre-Feasibility Study.

VBX is targeting an increase in the confidence of the Wuudagu B resource estimate, enabling it to be included in the mine plan for the Wuudagu Definitive Feasibility Study. An updated Wuudagu B resource model is now being prepared.