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VRX Silica Limited (ASX:VRX)

ALERT: Price-sensitive ASX Announcement for VRX
Current share price for VRX : $0.037 -0.012 (-24.49%)+
Announcement
Release
27 May 2026 8:28AM
Price at Release
$0.049
Full Release
download
Summary
VRX Silica Limited has announced its 2026 Updated Bankable Feasibility Study (BFS) for the Arrowsmith North Silica Sand Project, which confirms the project's strong economic fundamentals with an ungeared NPV8 of $179.2 million over a 25-year mine life. The Proved and Probable Ore Reserve of 221Mt at 99.5% SiOâ‚‚ supports long-term, high-purity production aimed at the international foundry and glass manufacturing markets. The BFS includes updated capital and operating cost estimates and factors in the relocation of the processing plant. VRX has secured key regulatory approvals from Western Australian authorities, and the project is poised to make its Final Investment Decision soon with its well-established mining and rehabilitation methodology.
Key Points
  • VRX Silica Limited released the 2026 Updated BFS for the Arrowsmith North Silica Sand Project.
  • The BFS confirms strong financial outcomes with an ungeared NPV8 of $179.2 million based on a 25-year mine life.
  • Proved and Probable Ore Reserve of 221Mt at 99.5% SiO2 supports long-term production.
  • The BFS includes revised capital and operating cost estimates.
  • Product strategy targets international foundry and glass manufacturing markets with four distinct silica sand products.
  • VRX Silica aims to finalize its Final Investment Decision soon.
  • The project includes re-engineering for the processing plant relocation.
  • Arrowsmith North is capable of producing high-quality sand for the foundry and glassmaking industries.
  • Key regulatory approvals have been received from various Western Australian departments.
  • The project supports a mining and rehabilitation methodology specific to the environment at Arrowsmith North.
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.