Australia's Western Yilgarn surges on securing bauxite project in WA

Western Yilgarn NL

26/03/2025 03:25

** Western Yilgarn WYX.AX soars as much as 74.3% to A$0.063, its highest level since March 20, 2024

** Mineral explorer secures "highly prospective" Norcia Gallium-Bauxite Project in Western Australia

** Says project attractively positioned to meet the increasing demand for direct shipping ore bauxite, given its close proximity to Perth, major ports and necessary infrastructure

** About 2.3 mln shares traded in stock's busiest session since December 16, 2019

** WYX last up 38.9%, takes YTD gains to 100%

 (Reporting by Manasi Dasa Sundeep in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com))