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VRX Silica Limited (ASX:VRX)

ALERT: Price-sensitive ASX Announcement for VRX
Current share price for VRX : $0.035 -0.053 (-60.23%)+
Announcement
Release
23 Oct 2025 8:22AM
Price at Release
$0.088
Full Release
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Summary
VRX Silica Limited announced the securing of four binding offtake contracts for their Arrowsmith North Silica Sand Project, with a minimum supply of 410,000 tonnes per annum to established customers in South Korea, Taiwan, and the Philippines. This marks a significant milestone for the company, as it covers nearly half of Arrowsmith North’s start-up capacity. The project, located 270km north of Perth, contains a substantial deposit of high-quality silica sand, and production is targeted to commence in late 2026. These offtake agreements cover four-year terms and provide financial stability as VRX prepares for construction and operation. The company is also pursuing additional contracts and has seen increased interest from potential financiers.
Key Points
  • VRX Silica Limited has secured four binding offtake contracts for the Arrowsmith North Silica Sand Project.
  • The contracts involve customers in South Korea, Taiwan, and the Philippines, covering a minimum of 410,000 tonnes per annum.
  • Arrowsmith North's silica sand is highly sought-after in the foundry, glassmaking, and filter industries.
  • The project has a JORC-compliant Proved and Probable Ore Reserve of 221 million tonnes with a high SiO2 content.
  • Production is expected to begin in late 2026, following the final investment decision and construction commencement.
  • The contracts are for four-year terms with pricing fixed for the first two years.
  • VRX Silica is working to secure additional contracts and has received significant interest from potential financiers.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.