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VRX Silica Ltd

VRX Silica upgrades Arrowsmith North silica resource, strikes new deal with China

VRX Silica Ltd (ASX:VRX) managing director Bruce Maluish updates Proactive Investors on the mineral resource upgrade at its Arrowsmith North Project, boosting the resource estimate from around 200 to around 771 million tonnes of silica sand.

The company has also recently announced a new deal with CSG Holding Co Ltd (China Southern Glass or CSG), the largest architectural glass manufacturer in China.

The agreement is to form a strategic alliance with the company’s Muchea Silica Sand Project which is 50 kilometres north of Perth.

Quick facts: VRX Silica Ltd

Price: $0.14

Market: ASX
Market Cap: $54.58 m
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VRX Silica well placed to tap Asia-Pacific glass and silica demand

VRX Silica Ltd (ASX:VRX) managing director Bruce Maluish speaks to Proactive Investors about the “very fruitful” discussions the company has had with manufacturers of all sizes across the Asia-Pacific region.    Maluish says the demand for silica sands is driven by a range...

on 17/4/19

2 min read