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VRX Silica in trading halt ahead of Muchea BFS details

The company aims to become a global supplier of high-grade silica sand.

VRX Silica Ltd - VRX Silica in trading halt ahead of Muchea BFS details
Shares in the company last traded at 14 cents before going into halt

VRX Silica Ltd (ASX:VRX) has been granted a trading halt by the ASX pending the release of material information concerning the Muchea Silica Sand Project's bankable feasibility study (BFS).

Shares in the company will remain halted until the earlier of either the release of the relevant information, or, the commencement of trading on Friday 18 October 2019.

Follows recent BFS releases for Arrowsmith projects

VRX owns the Arrowsmith North and Central projects located 370 kilometres north of Perth, the Muchea Project located 50 kilometres north of Perth and the Boyatup Silica Sand Project located 100 kilometres east of Esperance.

Work programs over the past year have been concentrated at Arrowsmith North, Arrowsmith Central and Muchea.

On 28 August 2019 VRX revealed details of its BFS and maiden Probable Ore Reserve at Arrowsmith North.

This was followed by a BFS and Ore Reserve for Arrowsmith Central on 13 September 2019.

Proactive caught up with the company in late August 2019 following the Arrowsmith North release for an update.

 

 

Quick facts: VRX Silica Ltd

Price: 0.115 AUD

ASX:VRX
Market: ASX
Market Cap: $51.07 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...

3 weeks, 6 days ago

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