VRX Silica (ASX: VRX) has provided the following summary of activities during the December 2021 quarter at its silica sand projects at Arrowsmith North, Arrowsmith Central (located 270 km north of Perth) and at Muchea (located 50 km from Perth), all situated in Western Australia.
VRX is a Western Australian based pure-play silica sand exploration company with three high-value, advanced, very long-term silica sand projects in Western Australia, a Tier 1 mining region.
The Company has multi-decade scale contiguous sand deposits on granted Mining Leases with secure tenure and a combined +1bn tonne Mineral Resource of 99.6% to 99.9% SiO2 grade silica sand.
The Company and its management team is WA based as are its three large scale, high-grade and low impurity silica sand projects. Each project can be run independently and supply high grade silica sand to many diverse markets.
Applications of Silica Sand
Silica sand is the most-used commodity on the planet after air and water. It is the main ingredient in all types of glassmaking, including specialty solar panel and hightech glass. The glass manufacturing industry demand is increasing at a rate of 5-6% per year, or about 8-10 million tonnes pa. Around 47% of the world’s glass is made in Asia.
Silica sand is also the main ingredient in concrete.
Silica sand is a finite resource that is rapidly being exhausted and the Asia-Pacific region is currently experiencing increasing demand at a time of a global supply shortfall.