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VRX Silica Ltd (ASX:VRX) has seen its share price spike more than 13% on news the Environmental Protection Authority of Western Australia (EPA) has recommended the implementation of its development proposal for the Arrowsmith North Silica Sand Project.
The EPA published an Assessment Report on its website concerning the development proposal, mentioning conditions for implementation; now accepted by VRX.
This means the proposal will now enter a three-week review period in which appeals can be made – with these to be resolved by an independent appeals convenor – before the Minister of Environment considers approval under Part IV of the Environmental Protection Act.
VRX managing director Bruce Maluish said the approval recommendation marked an important milestone for development of this project.
“Publication by the EPA of its Assessment Report for VRX’s Arrowsmith North Silica Sand Project finalises the assessment process with the EPA,” he said.
“It is the culmination of determined persistence by VRX and its consultants for the Arrowsmith North permitting process over a long time.
“The company is now on the cusp of opening up a new industry in the Midwest region of Western Australia, with employment and other long-term benefits flowing to the State.”
VRX shares last traded at 4.9 cents – a rise of 13.95% since market open.
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