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Key points:
VBX (ASX: VBX) makes its ASX debut with $10M funding, aiming for project development within a year.Unique high-grade bauxite project benefits from efficient, low-cost logistics.Strong demand from Chinese & international markets with significant investor interest.
Ryan de Franck from VBX discusses the company's ASX debut following a $10 million float at $0.60 a share. He states that this funding allows VBX to accelerate its work programme, aiming for a development decision within 12 months.
Ryan mentions that VBX's flagship bauxite project in Western Australia offers a high-grade, low silica product, comparable to Guinea's supply. He adds that VBX benefits from efficient logistics, poised to become the lowest cost producer globally.
Ryan emphasizes growing demand in the bauxite market, with restrictions on Guinea exports affecting supply. He highlights strong interest from Chinese and international end-users, lauding the support from institutional investors offered during VBX's IPO journey.
