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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: 0.095 AUD

ASX:VRX
Market: ASX
Market Cap: $42.28 m
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Full interview: VRX Silica unveils BFS and maiden probable ore reserve at...

VRX Silica Ltd (ASX:VRX) managing director Bruce Maluish updates Proactive on the Bankable Feasibility Study (BFS) and maiden probable ore reserve at its Muchea Silica Sand Project in Western Australia. This is the third BFS for VRX’s three advanced silica sand projects north of Perth and...

on 23/10/19

2 min read