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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: 0.092 AUD

ASX:VRX
Market: ASX
Market Cap: $40.95 m
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Full interview: VRX Silica outlines 2020 strategy based on WA silica sand...

VRX Silica Ltd (ASX:VRX) managing director Bruce Maluish speaks to Proactive about how the company differs from others in the industry and discusses its long-term silica strategy. Maluish said: “Access to good quality sand is becoming more and more difficult, particularly in Asia. “We...

on 4/3/20

2 min read