VRX Silica's March 2024 Quarterly Activities Report

VRX Silica Limited (ASX: $VRX) has released its March 2024 Quarterly Activities Report, detailing the company's progress at its silica sand projects in Western Australia. The report highlights the company's multi-decade scale contiguous sand deposits, environmental approvals process, high-grade silica flour testwork, VDT trials, and an updated Bankable Feasibility Study (BFS) at Arrowsmith North.

Executive Commentary

The high-grade silica flour testwork results from Muchea project are in line with our expectations, confirming the suitability of Muchea silica sand for producing high-grade silica flour for the rapidly expanding LCD glass market. This is a significant milestone for VRX Silica as it paves the way for high value downstream processing opportunities, maximizing the value of our Muchea Silica Sand Project. We are also pleased with the progress of our environmental approvals process and the updated BFS at Arrowsmith North, which reaffirms the robust economic metrics of the project and its potential to supply high-grade silica sand products for the growing Asian market.

Summary

VRX Silica's March 2024 Quarterly Activities Report showcases the company's advancements in high-grade silica sand projects in Western Australia. The successful high-grade silica flour testwork at Muchea project demonstrates its suitability for the rapidly expanding LCD glass market, opening doors for high value downstream processing opportunities. The progress in environmental approvals process and the updated BFS at Arrowsmith North further solidify the company's position in supplying high-grade silica sand products for the growing Asian market. With a focus on sustainability and innovation, VRX Silica continues to make strides in the silica sand industry, positioning itself for long-term success.