Vrx Silica Ltd. · ASX:VRX
Vrx Silica — New World Metals Conference September 2024
27 slides from Vrx Silica's conference presentation, Sep 9, 2024
Slide 1: Silica Sand: Essential to World Growth
VRX SILICA For personal use only Silica Sand Essential to World Growth New World Metals Conference September 2024
Slide 2: Important Information Disclaimer
Important Information Disclaimer This document has been prepared by VRX Silica Limited. The information contained in this document is for information purposes only and has been prepared for use in conjunction with a verbal For personal use only presentation and should be read in that context. The in
Slide 3: Silica Sand: The Second-most Consumed Material on Earth
Silica Sand: The Second-most Consumed Material on Earth For personal use only 3
Slide 4: Humans consume nearly billion tons of sand every year
For personal use only “Humans are estimated to consume nearly 50 billion tons of sand every year” “World Construction Aggregates”, 2016
Slide 5: The world is facing a global sand supply crisis
For personal use only The world is facing a global sand supply crisis 5
Slide 6: Sand is the main material that modern cities are made of
For personal use only “Sand is the main material that modern cities are made of ” Vince Beiser “The World in a Grain” 2018 The story of sand and how it transformed Civilisation
Slide 7: Australian Production
Australian Production Potential silica sand mining sector in Australia For personal use only 7
Slide 8: Corporate Summary
Corporate Summary Capital Structure For personal use only Share Price 3 cps * Ordinary Shares on Issue 628 million Options on Issue 92 million Market Capitalisation Aus$18 million* Cash Aus$2.0 million** Debt Nil Enterprise Value Aus$16 million Shareholders Board and Management 12% Top 20 Total 33%
Slide 9: Our Team
Our Team Board Executive For personal use only Person Role Experience Person Role Experience Governance: over 30 years’ Production: 15 years’ experience Paul experience in investment, equity General Chairman markets and managing public Ryan Baxter in mining and construction with Boyatzis Manager 10
Slide 10: World Class Silica Sand Projects
World Class Silica Sand Projects Project development pipeline to ensure disciplined, staged development of world- For personal use only class assets ❑Five very large scale, high grade and low impurity silica sand projects each project capable of independent operation to supply processed material to
Slide 11: Market Outlook
Market Outlook Asian glass making production increasing 5-6% per year (~8 - 10Mtpa Growth) VRX Target Market - Float, Container, Solar Panel, and; For personal use only Metal Casting/Foundry for Automobile Parts Glassmaking silica sand demand by region* Market in Growth in Use Spec 4% Asia Asia 5% F
Slide 12: Portfolio Highlights
Portfolio Highlights WA-based, pure-play silica sand company with advanced silica sand projects For personal use only 100+ year production life ❑ Multi-decade-scale contiguous sand deposits with significant high-grade Resources ❑ Most-advanced non-private silica sand projects in Australia ❑ Mining L
Slide 13: WA Leading Silica Sand Projects
WA Leading Silica Sand Projects Arrowsmith North (100%) • High-grade with exceptional financial metrics For personal use only • Close proximity to port and rail infrastructure • Glass making and foundry products • Potential +100 year mine life: - JORC Proved and Probable Reserve of - 221Mt @ 99.5% S
Slide 14: Arrowsmith North
Arrowsmith North Near-term development opportunity for a world-class silica sand project ❑Production expected to commence 8-12 months following final environmental For personal use only approvals ❑221Mt Ore Reserve @99.5% SiO2 (100-year production) (See Reserve Table) ❑Grade controlled Proved Ore Re
Slide 15: Arrowsmith North – Updated BFS
Arrowsmith North – Updated BFS Updated BFS Results March 2024 For personal use only ❑Updated BFS demonstrates robust financial metrics for a World-class silica sand project ❑Ungeared NPV10 of $167m based on 25 years mining of a +100 year ResourceTailored ❑Proved and Probable Ore Reserve of 221Mt @ 9
Slide 16: Responsible Mining – the VRX Way
Responsible Mining – the VRX Way A made-for-purpose mining method designed around continuous rehabilitation For personal use only ❑VRX has developed a unique and progressive mining method for its silica sand projects ❑The Vegetation Direct Transfer (VDT) method provides a rapid and comprehensive reg
Slide 17: Exploration
Exploration Arrowsmith North/Central Vegetation Kwongan Heath For personal use only Loose sand/shallow root systems suitable for VDT 17
Slide 18: Arrowsmith North Environmental and Mining Approvals
Arrowsmith North Environmental and Mining Approvals ❑Confirmation by Commonwealth Department of Agriculture, Water and the Environment For personal use only of accredited State assessment under the EPBC Act ❑State Department of Water and Environmental Regulation and Environmental Protection Authorit
Slide 19: Muchea
Muchea Large scale, world class high-grade and low impurity silica sand project For personal use only ❑Production to follow Arrowsmith North subject to EPA approval ❑Utilise VDT and duplicate plant ❑Access to established infrastructure ❑Underutilised railway connects to Kwinana (100km) ❑Grid power ❑
Slide 20: Muchea Vegetation Banksia Woodland
Muchea Vegetation Banksia Woodland For personal use only Low grasses and sedges suitable for VDT VRX Silica 20
Slide 21: Processing Flowsheet
Processing Flowsheet Simplified wet processing, multiple products, no dust, 2mtpa processing plant at each site For personal use only Processing Plant Design ▪ Arrowsmith North, Arrowsmith Central and Muchea to each have 2 Mtpa processing capacity ▪ No toxic reagents required 21
Slide 22: Processing Plant Design
For personal use only Processing Plant Design No dust No toxic chemicals
Slide 23: Sustainability, Environment, Social and Governance (ESG)
Sustainability, Environment, Social and Governance (ESG) For personal use only VRX is delivering on its ESG responsibilities aligned to the UN’s Sustainable Development Goals CLEAN ENERGY ECONOMIC INDUSTRY SUSTAINABLE RESPONSIBLE CLIMATE REHABILITATION GROWTH INNOVATION COMMUNITIES PRODUCTION ACTION
Slide 24: Other Initiatives
Other Initiatives VRX is investigating potential downstream products and cost saving initiatives For personal use only ❑Critical Minerals Prospectus – VRX Muchea project is included in the 2024 Critical Minerals Prospectus published by Austrade (now online) ❑IAF Grant - VRX has received a grant from
Slide 25: Right Time, Right Place
Right Time, Right Place Opportunity for WA to capture its economic advantages of abundant silica sand and domestic gas reserves to build world-class glass manufacturing and For personal use only downstream processing industries ❑ Very long life, high-grade silica sand supply with combined 1.4 billio
Slide 26: Thank you
For personal use only Thank you Bruce Maluish Managing Director Ground Floor, 52 Kings Park Road West Perth WA 6005 Phone: 08 9226 3780 Email: info@vrxsilica.com.au
Slide 27: Silica Sand Resources and Reserves
Silica Sand Resources and Reserves Mineral Resources – as at 30/06/2024 Mineral Reserves – as at 30/06/2024 For personal use only SiO₂ Al₂O₃ Fe₂O₃ TiO₂ LOI Project Classification Mt % % % % % Indicated 29 99.6 0.1 0.03 0.1 0.2 Muchea Inferred 179 99.6 0.1 0.02 0.1 0.2 Total 208 99.6 0.1 0.02 0.1 0.2
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