VRX Silica (ASX: VRX) has provided its quarterly report for the period ending 30 September 2020.
VRX Silica holds the Arrowsmith North and Arrowsmith Central Silica Sand Projects (Arrowsmith Projects), which are located 270km north of Perth, in its wholly owned subsidiary Ventnor Mining Pty Ltd (VMPL).
On 15 July 2020 VRX Silica announced it had received confirmation that the terms of its proposed Mining Project Agreement covering the areas of the Arrowsmith Projects have been approved by the Working Group for the Southern Yamatji People, Native Title claimants over the project areas. This confirmation preceded the formal requirement for execution by all 12 individual Native Title Applicants along with a separate State Deed between those individuals, VMPL and the State.
During the quarter the Company continued as part of the environmental approvals process for the grant of a Mining Permit at the Arrowsmith Projects to compile necessary data to support referrals to the Federal Department of Agriculture, Water and Environment (DAWE) and the State Environmental Protection Authority (EPA). The Company and its environmental consultants held pre-referral meetings with representatives from DAWE and received valuable feedback as to requirements for the referral.
The Company has continued discussions with potential customers in Asia for long-term contracts for offtake of products from both its Arrowsmith Projects. These customers are in Malaysia, Thailand, Taiwan and South Korea. The outbreak of COVID-19 ceased all possible face to face meetings with potential clients however the Company has progressed discussions via video conferencing and interest remains strong despite the current economic climate in those countries.
