Slide 1: Silica Sand: Essential to World Growth
VRXSILICA For personal use only Silica Sand Essential to World Growth May 2025
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 presentation and should be read in that context. For personal use only 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: The world is facing a global sand supply crisis
For personal use only The world is facing a global sand supply crisis 4
Slide 5: 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 6: Market Outlook - Foundry Sand
Market Outlook - Foundry Sand VRX Target Market – Asian Metal Casting/Foundry for Automobile Parts Arrowsmith North silica sand project Foundry Sand products For personal use only Used for moulding sand and core sand for non-ferrous alloy castings, iron castings and small steel castings. Increasing
Slide 7: Metal Casting Media
Metal Casting Media New Industry 3D Printing Intricate Patterns For personal use only March 2025 7
Slide 8: Market Outlook - Glassmaking
Market Outlook - Glassmaking Asian glass making production increasing 5-6% per year (~8 - 10Mtpa Growth) VRX Target Market - Float, Container For personal use only Glassmaking silica sand demand by region* Market in Growth in 4% Use Spec 5% Asia Asia 8% Float (Plate) VRX’s 99.5% SiO2 60 - 65Mt 5% -
Slide 9: 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 10: Exploration
For personal use only Exploration 10
Slide 11: 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, finance and FID ❑221Mt Ore Reserve @99.5% SiO2 (100-year production) (See Reserve Table) ❑Grade control
Slide 12: Arrowsmith North Environmental and Mining Approvals Nearing Completion
Arrowsmith North Environmental and Mining Approvals Nearing Completion For personal use only ❑Original Referrals to Commonwealth and State environmental agencies late 2020 ❑Confirmation by Commonwealth of accredited State assessment under the EPBC Act ❑Approvals for Mining, Works and Water lodged 20
Slide 13: Arrowsmith North Independent Technical Review Underway
Arrowsmith North Independent Technical Review Underway For personal use only ❑Updated BFS (March 2024) demonstrates robust financial metrics for a World-class silica sand project ❑Ungeared NPV10 of $167m based on 25 years mining of a +100 year Reserve ❑Proved and Probable Ore Reserve of 221Mt @ 99.5
Slide 14: Unique Mining
Unique Mining A made-for-purpose mining method designed around continuous rehabilitation For personal use only ❑ VRX has developed a unique and continuous rehabilitation silica sand mining method ❑ The Vegetation Direct Transfer (VDT) method provides a rapid and comprehensive regeneration of mined a
Slide 15: 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 15
Slide 16: Processing Plant Design
For personal use only Processing Plant Design No dust No toxic chemicals
Slide 17: 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 18: VRX Silica
For personal use only VRX Silica 18
Slide 19: Muchea Downstream processing capabilities
Muchea Downstream processing capabilities For personal use only ❑Critical Minerals Prospectus – VRX Muchea project is included in the 2024 Critical Minerals Prospectus published by Austrade (now online) ❑Raw material for premium ultra-clear cover glass production for solar panels ❑Potential for prod
Slide 20: 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 21: Corporate Summary
Corporate Summary Capital Structure33 For personal use only Share Price A$0.043* Ordinary Shares on Issue 747 million Options on Issue 92 million Market Capitalisation A$33.5 million* Cash A$4.5 million** Debt Nil Enterprise Value A$29.0 million Shareholders Board and Management 10% Top 20 Total 37%
Slide 22: 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 23: Right Time, Right Place
Right Time, Right Place Opportunity for WA to capture an economic advantage of abundant silica sand and domestic gas reserves to build world-class glass manufacturing and downstream For personal use only processing industries ❑ Very long life, high-grade silica sand supply with combined 1.4 billion
Slide 24: 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 25: Silica Sand Resources and Reserves
Silica Sand Resources and Reserves Mineral Resources - as at 30/06/2024 Ore Reserves - as at 30/06/2024 For personal use only SiO₂ Al₂O₃ TiO₂ LOI SiO2 Al2O3 Fe2O3 TiO2 LOI Project Classification Mt Fe₂O₃ % Project Classification Product Mt % % % % % % % % % Indicated 29 99.6 0.1 0.03 0.1 0.2 F80 10.