- VRX Silica (VRX) announces a maiden mineral resource estimate (MRE) for its Boyatup silica sand project which lies 125 kilometres east of Esperance in WA
- The MRE for Boyatup is 60 million tonnes at 97.8 per cent silicon dioxide and is based on a March drilling program
- This maiden MRE brings the company’s total silica sand resources to 1.12 billion tonnes, however the company says the Boyatup sand is different to existing deposits and can open up new supply markets that differ from its other projects
- VRX are up 6.06 per cent to trade at 17.5 cents per share as of midday trade
VRX Silica (VRX) has announced a maiden mineral resource estimate (MRE) for its Boyatup silica sand project, located 125 kilometres east of Esperance, Western Australia.
The MRE for Boyatup is 60 million tonnes at 97.8 per cent silicon dioxide and is based on a March drilling program.
The drilling program included 46 hand-held auger and 160 vacuum drill holes to a depth of three to four meters for a total of 312 metres.
VRX said drilling intersected high quality silica sand which has been assayed and modelled in the maiden MRE.
Silica sand from Boyatup is reportedly suitable for industries such as glass making.
Managing Director Bruce Maluish said that the mineral resource has confirmed his belief that this is a “significant silica sand project for VRX.”
“This maiden mineral resource estimate has added significantly to our current
inventory, bringing our total silica sand resources to 1.12 billion tonnes,” he said.
“The sand identified at Boyatup is different in nature to our existing identified deposits and can open up new supply markets that differ from our other projects.
“Boyatup ultimately will export through the Esperance Port meaning production is
not limited to the logistical constraints of the Kwinana and Geraldton ports. The Esperance Port is capable of handling Cape sized vessels of up to 200,000 tonnes.”
On the market, VRX were up 6.06 per cent to trade at 17.5 cents per share as of midday AEST.