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VRX Silica: Updates MRE and ore reserve at Arrowsmith

VRX Silica Updates MRE and ore reserve at Arrowsmith

  • VRX Silica (VRX) updates the mineral resource estimate (MRE) and ore reserve for its Arrowsmith North silica sand project in Western Australia
  • The MRE now reads 768 million tonnes at 98 per cent silicon dioxide and was based on data from 130 close-spaced holes drilled to increase the resource confidence
  • The ore reserve contains 221 million tonnes with 9.2 million tonnes in the proved category and 211.8 million tonnes in the probable category
  • Cube Consulting was engaged to complete work for the ore reserve which consisted of importing and reconciling the supplied mineral resource block model
  • Shares in VRX are up 3.45 per cent and trading at 15 cents at 11:58 am AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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