All tagged VRX Silica ASX:VRX
VRX Silica (ASX: VRX) has announced the results of a drill program completed at its Muchea Silica Sand Project, located 50km north of Perth. The drill program was undertaken during March 2019 enabling a new Mineral Resource Estimate to be determined following receipt of assay results. The JORC 2012 Mineral Resource Estimate for the Muchea Silica Sand Project has been upgraded to 208 Mt @ 99.6% SiO2 comprising a JORC 2012 Indicated Resource estimate of 29 Mt @ 99.6% SiO2 and a JORC 2012 Inferred Resource estimate of 179 Mt @ 99.6% SiO2.
VRX Silica (ASX: VRX) has released its latest corporate presentation, highlighting its portfolio of silica sand projects that the Company plans to leverage to meet a global shortfall in supply of the multi-use product.
VRX Silica (ASX: VRX) has announced the results of testwork and confirmed assays for recoveries of silica sand commercial products from its Arrowsmith and Muchea Silica Sand Projects located north of Perth. The Company has now conducted three iterations of the testwork, with the final iteration completed in March of this year by CDE Global. VRX has also completed confirmation assays on final products from that testwork through Nagrom Laboratories in Perth.
VRX Silica (ASX: VRX) has provided its summary of activities conducted by the company during the quarter ended March 31. The company spent the reporting period advancing its three silica sand projects in WA, all of which now have Mineral Resource estimates. The combined mining lease applications for these projects now amount to an aggregate 6,546Ha with a significant inventory of over 400Mt of Silica Sand at an average 98.7% SiO2.
VRX Silica (ASX: VRX) has received strong interest for the purchase of significant tonnages of silica sand products from its two Arrowsmith Silica Sand Projects, located 270km north of Perth, WA, and its Muchea Silica Sand Project, 50km north of Perth. The Company has identified numerous markets in the Asia-Pacific region and met with a number of potential offtake customers for the sale of silica sand products from Arrowsmith and Muchea. The Company will be able to commit to binding offtake agreements following the approval of Mining Permits at its silica sand projects.
VRX Silica Limited (ASX: VRX) has received commitments for a capital raising via a share placement to professional and sophisticated investors to raise approximately $2.26 million. The proceeds will be used to fund completion of feasibility studies and progress environmental approvals and mining lease applications at VRX's Arrowsmith and Muchea silica sand projects.
VRX Silica (ASX: VRX) has received an independent process design, engineering and cost estimate for a processing plant for its Arrowsmith and Muchea silica sands projects. It is expected to cost about $18 million per processing plant, while the total capex is estimated at $25 million per plant. A BFS for Arrowsmith and Muchea is expected in September.
VRX Silica (ASX: VRX) has commenced drilling at three of its project areas at the North and Central Arrowsmith Silica Sand Projects, located 270km north of Perth, and its Muchea Silica Sand Project, 50km north of Perth. The aircore drilling program at the Arrowsmith projects follow the Company’s initial shallow hand auger drilling. The drill program is expected to increase the tonnage of sand and also the JORC confidence within the Mining Lease applications at both Arrowsmith project areas.
Aspiring silica sands miner VRX Silica (ASX :VRX) says the results of rock chip samples from its Warradanda project near Newman have showed the potential to produce a high purity quartz product. High purity quartz is a special category of silica sand used in high added value products, including optical fibres, LED lights and high-tech glass.
Riding on the back of successful events last year, the Investor Insight Rooftop Series has returned to Bob’s Bar in 2019 with another diverse trio of guest speakers putting their companies on display.