THE DRILL SERGEANT: VRX Silica (ASX: VRX) completed a Resource upgrade for the Arrowsmith Central silica sand project, located north of Perth in Western Australia.
VRX Silica completed the upgrade following a drill program undertaken during March 2019.
The Mineral Resource estimate (MRE) for Arrowsmith Central has been upgraded to an Indicated Mineral Resource of 28.2 million tonnes at 96.6 per cent silicon dioxide (SiO2) in addition to an Inferred Mineral Resource of 48.3 million tonnes at 96.9 per cent SiO2 for a total MRE of 76.5 million tonnes at 96.8 per cent SiO2.
All Mineral Resources are reported in accordance with the JORC Code 2012.
“The Arrowsmith Central silica sand project is ideally positioned for a unique logistics solution with the project traversed by the Eneabba to Geraldton rail line with a direct connection to the Geraldton Port,” VRX Silica managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.
“This Mineral Resource estimation will now allow the company to finalise estimates of Ore Reserves which will support the impending BFS.”
The company explained that the Indicated Mineral Resource is predominately within the Mining Lease application area for Arrowsmith Central and it expects that the majority of the Indicated Mineral Resource will convert to Probable Reserves and a long-life mining project.
“This Mineral Resource is complementary to our Arrowsmith North silica sand project and adds not only to our total inventory but will also produce alternative products for the glassmaking and foundry industries in Asia,” Maluish said.
VRX Silica is now working towards completing the process for Mining Lease Applications and Environmental Approvals at both the Arrowsmith North and Arrowsmith Central silica sand projects.
The total Indicated and Inferred Resources at the company’s three silica sand projects is now in excess of one billion tonnes.