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
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.

You May Also Like

Salmon Strengthens Fundraising for Philippines Expansion

Fintech company Salmon secures new funding to enhance its operations in the Philippines.Highlights: Salmon raises significant funds to...

Truist Pilots Zelle Bill Payments, Strengthening Digital Banking Services

New pilot program aims to simplify bill payments through Zelle for customers.Highlights: Truist launches pilot program for Zelle...

ACI Worldwide Strengthens Payment Solutions with Cloud-Native Platform

New platform enhances support for eight U.S. payment networks.Highlights: ACI Worldwide launches a cloud-native payment platform.The platform supports...

LendingClub Rebrands as Happen Bank, Strengthens Digital Banking Services

The transformation aims to enhance customer engagement and streamline services.Highlights: LendingClub officially rebrands to Happen Bank.The rebrand focuses...