VRX Silica announces updated BFS for Arrowsmith North project

VRX Silica Limited (ASX: $VRX) has released an updated Bankable Feasibility Study (BFS) for its Arrowsmith North Silica Sand Project, demonstrating robust financial metrics and nearing completion of the environmental approvals process. The project, located 270km north of Perth, WA, is set to supply up to four silica sand products for the growing Asian market, with a Proved and Probable Ore Reserve of 221Mt @ 99.6% SiO2 and a potential mine life in excess of 100 years.

Executive Commentary on Updated BFS

The updated BFS confirms the robust economic metrics of the Arrowsmith North project, potentially supplying up to four silica sand products for the growing Asian market. The project's Proved and Probable Ore Reserve of 221Mt @ 99.6% SiO2 and a potential mine life in excess of 100 years solidify its position as a World-class silica sand project. The Company's conservative approach to pricing and efforts to reduce capital expenditure demonstrate a commitment to long-term viability and sustainability. The ongoing environmental approvals process and VDT trials further underscore our dedication to responsible and innovative project development.

Summary of Updated BFS and Outlook

The updated BFS for VRX Silica's Arrowsmith North project showcases robust financial metrics and a potential mine life in excess of 100 years, positioning it as a World-class silica sand project. The Company's conservative approach to pricing, efforts to reduce capital expenditure, and commitment to responsible project development are evident. With the environmental approvals process nearing completion and VDT trials underway, VRX Silica is poised to make a significant economic contribution to the local and Mid West region. The Company's ambitions to meet market specifications, maintain product quality, and secure funding partnerships highlight its dedication to long-term viability and sustainability.