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VRX Silica Ltd. ( (AU:VRX) ) has shared an update.
VRX Silica Limited has received confirmation from the Western Australian Minister for the Environment that the Environmental Protection Authority’s assessment of its Arrowsmith North Silica Sand Project was adequate, allowing the project to proceed without further assessment. This decision marks a significant step in the environmental approval process, moving VRX closer to developing the Arrowsmith North site, which holds a substantial deposit of high-quality silica sand. The project is expected to produce over 2 million tonnes per annum of silica sand for the Asian foundry, container glass, and flat-glass markets, enhancing VRX’s industry positioning and offering potential benefits to stakeholders.
More about VRX Silica Ltd.
VRX Silica Limited is a company involved in silica sand projects, with a focus on developing high-quality silica sand deposits in Western Australia. The company is engaged in projects such as Arrowsmith Silica Sand Projects, Muchea Silica Sand Project, and Boyatup Silica Sand Project, and is also assessing other silica sand and downstream processing projects in Australia.
Average Trading Volume: 637,756
Technical Sentiment Signal: Hold
Current Market Cap: A$56.05M
For a thorough assessment of VRX stock, go to TipRanks’ Stock Analysis page.