VRX Silica (ASX: VRX) advanced its four high-value, advanced and long-life silica sand projects in Western Australia during the March Quarter, with a particular focus on Arrowsmith North.
The Environmental Protection Authority of Western Australia approved the company’s Environmental Scoping Document for proposed mining activities at Arrowsmith North. The ESD approval required no amendments to the submitted document, which was testament to the process that VRX had undertaken in consultation with the EPA.
EPA approval of the ESD is a significant milestone in the environmental approvals process for Arrowsmith North and provides clarity for the Company on the pathway to development.
At the Boyatup project, VRX conducted a 206 hole air core drill program. Results of early work undertaken by VRX and the previous tenement holder indicated in-situ sand grades up to 99.7% SiO2 with potential to produce a very low Fe2O3 product.
VRX ended the quarter with $10.7 million in cash and equivalents.