VBX Limited (ASX:VBX) managing director Ryan de Franck talked with Proactive's Stephen Gunnion about the company’s flagship Wuudagu Bauxite Project in northern Australia and its competitive positioning in a tightening global market. De Franck explained that global supply remains heavily reliant on West African bauxite, which accounted for 80% of supply this year, up from 70% last year. Wuudagu offers a “Guinea spec product” but with “very low freight rates and very low geopolitical risk,” making it attractive to end users seeking supply chain diversification.
He outlined VBX’s recent ASX listing in June, which raised $10 million through a strongly oversubscribed IPO. The funding allows the company to complete on-ground work this year, finalise a definitive feasibility study (DFS) and progress approvals.
The project’s pre-feasibility study (PFS) delivered an $821 million NPV and a 16-month payback period, supported by high-grade, low-impurity bauxite and short, efficient logistics. Current site work includes drilling, bulk sampling, beneficiation optimisation and environmental review preparation.
With global bauxite demand growing at more than 25% annually for two decades, Wuudagu’s combination of product quality and strategic location could make it a valuable supply source for the market.
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