For thousands of other reports visit RSC's Mineral Intellingence Map
VRX Silica Ltd.
Summary
| Project: | Arrowsmith | |
|---|---|---|
| Deposit: | Arrowsmith North | |
| Location: | Australia | |
| Commodities: | Silica-Aluminium-Iron-Titanium | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2019: VRX Silica Ltd. announces a Feasibility Study report for its Arrowsmith North deposit at the Arrowsmith project. BFS results incl. post-tax NPV (10%) of $242.3M, IRR of 79%. VRX Silica Limited (VRX Silica or Company) (ASX: VRX) is pleased to an | |
| Resources: | (Reserve, Prob.): 223Mt @ 99.7% SiO2 | |
| CP/QP: | [Overall Report]: David Reid (Internal) | |
| ABSTRACT: | VRX Silica Limited (VRX Silica or Company) (ASX: VRX) is pleased to announce details of its Bankable Feasibility Study (BFS) and maiden Probable Ore Reserve at its Arrowsmith North Silica Sand Project (Arrowsmith North), located 270km north of Perth, WA, one of the Company’s three advanced silica sand projects. VRX Silica Managing Director Bruce Maluish said: “We are delighted with the results of ongoing work for Arrowsmith North and, following our BFS, the conversion of the Mineral Resource Estimate into a maiden Probable Ore Reserve. These results support our continued assessment of Arrowsmith North as a compelling silica sand project with world-class potential. “We expect Arrowsmith North to be a long-life mining project with a significant proportion of the Ore Reserve sitting within our Mining Lease application area. Demand for identified saleable products remains strong and we have generated significant interest from potential customers across the Asia-Pacific region and continue to engage with potential customers,” said Maluish. Work continues on obtaining environmental and mining approvals for Arrowsmith North. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report