Our Annual General Meeting is coming up, and we wanted to make sure you know what's on the agenda and how to have your say.

The meeting will be held in person on Friday, 20 November 2026 at 11:00am (AWST) at our Subiaco office. Since it's an in-person meeting, we strongly encourage you to lodge a proxy vote ahead of time if you can't attend, at least 48 hours before the meeting.

Alongside the usual business of adopting our remuneration report and re-electing directors Bruce Maluish and David Welch, there are a few items worth your attention. We're seeking approval to renew our 10% placement capacity, which would let us issue additional shares for cash over the next 12 months to fund exploration, project development and working capital, subject to shareholder approval and ASX rules. We're also proposing to lift the cap on total fees we can pay our non-executive directors from $250,000 to $500,000 per year, a level that hasn't changed since before our 2011 listing, to give us room to attract and retain the right people as the Board grows alongside the Arrowsmith North project.

We're asking shareholders to renew the proportional takeover provisions in our constitution for another three years, which gives you a say if a partial takeover bid is ever made for the company. And we're proposing to change our company name to Ortus Minerals Limited, subject to your approval and ASIC registration.

All resolutions are set out in full in the Notice of Meeting, including voting exclusions where relevant. If you have questions about any of this, we'd welcome you asking through the question box on this page.

We know FY26 has been a big year for VRX Silica, and this annual report brings all the moving parts together in one place.

The headline is Arrowsmith North. Over the year we secured State environmental, works and mining approvals, and locked in binding offtake agreements for 960,000 tonnes of silica sand a year with buyers in South Korea, Taiwan, the Philippines and China, close to half our expected full production. Our updated Bankable Feasibility Study confirmed a post-tax ungeared NPV8 of A$179.2 million over a 25-year mine life, within a resource base exceeding 100 years. We're now targeting trial shipments in late 2027 and sustained production in early 2028, though this depends on finalising remaining regulatory approvals, project finance and a positive final investment decision.

We also completed the purchase of the adjacent Arramall farm, which lets us move our processing plant onto cleared land, cutting native vegetation clearing and reducing the project's environmental footprint. That change means some existing approvals need amending, and those amendments are still being finalised with regulators.

At Muchea, the WA Government's support for our proposed land swap is a meaningful step, giving us access to more high-grade sand over a lower-impact area. We're now working through approvals and updating that project's own feasibility study.

On leadership, Tony Swiericzuk has taken over as CEO from Bruce Maluish, who moves to a non-executive role, and we're partway through refreshing the Board following Paul Boyatzis's retirement as Chair.

Financially, we raised capital through a placement, a rights issue and a further institutional placement to fund this work, and our net loss for the year was A$4.27 million.

We're always happy to hear from shareholders, so please do send through any questions you have about this announcement.

This announcement is our Corporate Governance Statement for the year ended 30 June 2026, lodged as part of our annual reporting obligations. It sets out how our board and management practices measure up against the ASX Corporate Governance Council's recommendations.

The headline for shareholders is a board change. Bruce Maluish moved from Managing Director to Non-Executive Director on 30 June 2026, Paul Boyatzis resigned as Chair on the same date, and Peter Pawlowitsch has stepped in as Interim Chair. Peter Pawlowitsch and David Welch are our independent non-executive directors, and the board remains majority independent.

On governance structure, we continue to run without separate nomination, remuneration, audit or risk committees, with the full board carrying out those functions directly. We believe this suits our size and stage, and we've disclosed the processes we use in each case. We've also confirmed that all substantive shareholder meeting resolutions are decided by poll, and that shareholders can choose to receive communications electronically through our registry.

Two areas are flagged as only partially followed: we haven't set measurable gender diversity objectives given our current size, and we haven't formally documented board and individual director performance evaluations, though an ongoing self-evaluation process is in place. A senior executive performance evaluation was completed during the year.

None of this changes our operations or financial position, it's a governance update. The full statement, including our board skills matrix and policies, sits on our website.

If you'd like more detail on any of this, we're happy to take your questions through the hub.

Our Annual General Meeting is set down for on or around Friday, 20 November 2026. It's a simple procedural notice, but it matters if you're planning to attend or vote.

One item of business will be the election of directors. If you know someone who wants to put their hand up for a board position, nominations need to reach our registered office at 52 Kings Park Road, West Perth WA 6005 by 5.00pm WST on 18 September 2026, in line with ASX Listing Rule 3.13.1.

There's nothing else in this notice: no financial detail, no project update. It's purely about the timing of the AGM and the window for director nominations, both administrative steps ahead of the meeting itself.

We'll share the full AGM agenda and voting materials closer to the date. If you have questions about this announcement, please get in touch through the question box on this page.

Shareholders met today, 10 September 2026, at our General Meeting, and all three resolutions on the agenda were carried.

The resolutions asked shareholders to ratify prior issues of securities: two strategic placements under Listing Rules 7.1 and 7.1A, and a separate issue of underwriter options under Listing Rule 7.1. Ratifying these means the shares already issued no longer count against the placement capacity we can use for future raisings, giving us more flexibility if we need to raise capital again down the track.

The voting margins were strong across the board. The two strategic placement resolutions passed with between 89% and 96% of votes in favour, and the underwriter options resolution passed unanimously.

There's no new financial or operational information in this announcement, it's a procedural update confirming that shareholders have backed decisions the board had already made about how prior capital raisings were structured.

If you'd like to know more about what's behind this announcement, feel free to send us a question through the hub.

Our two priority projects, the Arrowsmith Hub and Muchea Hub, remain the focus for VRX Silica, and this presentation sets out where each stands today.

At Arrowsmith Hub, state environmental approval and mining permits have been granted, with final amendments pending and expected to be approved in the third quarter of calendar 2026. The updated Bankable Feasibility Study points to a Proven Ore Reserve of 221Mt at 99.5% SiO2, 2Mtpa target production, capital costs of A$74.5m, a post-tax NPV8 of A$179m and a post-tax IRR of 31%, with payback estimated at 4.6 years and total sales of A$2.6b over 25 years. 960ktpa of binding offtakes are secured, project finance is underway with Argonaut and Pareto Securities appointed, and production is targeted for end CY27.

Muchea Hub follows behind Arrowsmith in the development sequence. Its 2019 Bankable Feasibility Study shows a resource of 208Mt at 99.6% SiO2, 2Mtpa target production, capital costs of A$50m, a post-tax NPV10 of A$338m and IRR of 96%, with payback of 2.3 years and total sales of A$3.3b over 25 years. An updated study is planned to begin in the fourth quarter of calendar 2026.

As at 31 July 2026, VRX held a cash position of A$3.2m, alongside a market capitalisation of A$38.4m at the 24 August 2026 closing share price.

These are feasibility study outcomes and targets, not guaranteed results, and remain subject to project financing, approvals and construction milestones being met.

If you have questions about this announcement, we welcome you to send them through the question box on this page.

This announcement is a routine ASX filing confirming the issue of new unlisted options and performance rights under our employee incentive scheme, all dated 17 August 2026.

The securities were issued to Tony Swiericzuk, held through Marco Pierre Pty Ltd, and total 48,000,000 across ten classes. These include unlisted options with exercise prices ranging from nil (zero-exercise-price options and performance rights) up to $0.35, and expiry dates stretching from January 2027 through to December 2029. Each class only converts into ordinary VRX shares if the relevant exercise price is paid and, where applicable, any vesting conditions are met, so none of these represent shares on issue today.

The filing also confirms the issue didn't require shareholder approval, relying on an exception under ASX Listing Rule 7.2, and sets out the company's full quoted and unquoted security count following this issue for the record.

For existing shareholders, the practical point is dilution: if all these options and rights are eventually exercised or vested, the total number of shares on issue will increase. Whether and when that happens depends on the exercise prices being met and the terms of the incentive scheme being satisfied.

If you'd like more detail on how this fits with our broader incentive arrangements, feel free to send us a question through the hub.

We're calling a General Meeting for Thursday, 10 September 2026, and want to walk you through what shareholders are being asked to vote on.

All three resolutions relate to capital already raised, and ask you to formally ratify share and option issues that used up part of our placement capacity under ASX Listing Rules 7.1 and 7.1A. Ratifying them doesn't change what's already been issued, it simply restores our flexibility to issue further shares or options without needing shareholder approval each time, within those same limits.

Resolutions 1 and 2 relate to the strategic placement completed on 20 July 2026, which raised approximately $4.5 million before costs from investors including Nebari Natural Resources Credit Fund II LP and Sparta Invest AG, both substantial shareholders, along with other investors. Shares were issued at $0.034 each, with free-attaching options on a one-for-two basis. The proceeds are funding early works and detailed engineering at Arrowsmith North, progress towards purchasing Arramall farm, refreshed studies at Muchea, and working capital.

Resolution 3 asks shareholders to ratify options issued to Mahe Capital Pty Ltd, our underwriter for the May 2026 entitlement offer, as part of its remuneration for that role.

If any resolution isn't passed, the relevant securities stay counted against our 15% (or 10%) annual placement limit, reducing how much we could raise without shareholder approval over the following 12 months. The Board recommends voting in favour of all three.

Full details, including voting instructions and how to lodge a proxy, are in the Notice of Meeting. If you have questions about any of this, we'd encourage you to use the question box on this page.

Dear Investors,

VRX Silica is pleased to provide an update on our activities from the June 2026 quarter. We released an updated BFS for our Arrowsmith North project, confirming strong financial outcomes supporting the development of a world-class silica sand project. The project, with a post-tax ungeared NPV8 of $179.2 million over a 25-year mine life, is poised to commence production in Q4CY27.

We have completed the purchase of Arramall farm and finalizing regulatory approvals for Arrowsmith North. Additionally, the WA State Government has extended its support for our land swap proposal at Muchea, enabling expanded high-grade silica sand production with lower environmental impact.

Furthermore, we raised approximately $7.5 million in equity capital to fund key developments at our projects. Our management team has undergone changes, with Tony Swiericzuk stepping in as Chief Executive Officer and Peter Pawlowitsch as Interim Non-Executive Chairman.

We invite you to engage with us and explore the opportunities our projects offer. Please feel free to ask any questions you may have regarding our recent activities and financial standing.

For more information, you can reach out to us at info@vrxsilica.com.au or contact our Company Secretary, Ian Hobson at 08 9226 3780.

Sincerely,
[Board of VRX Silica]

Dear Investors,

We are pleased to announce that VRX Silica has achieved significant growth in revenue for the fiscal year ended June 30, 2023. Our revenues have increased by 99% to A$113K, demonstrating our commitment to meeting the global demand for silica sand. Despite a 1% increase in net loss to A$5.1M, we have seen positive developments in key areas such as interest received.

Our projects, including the Arrowsmith North, Muchea, Boyatup, and Arrowsmith Central Silica Sand Projects, continue to progress well. These projects are strategically located in Western Australia, with access to essential infrastructure including roads and railways, facilitating efficient transportation of our products to key markets.

We remain focused on further enhancing the value of our projects and driving long-term growth for our shareholders. As we continue to execute on our strategic objectives, we welcome any questions you may have regarding our recent performance and future prospects.

Thank you for your ongoing support.

Regards,
Daniel Freuman
Co-Manager 
VRX Silica
July 21, 2026

Date	Headline
20 Oct 2026 8:21 AM	Notice of Annual General Meeting/Proxy Form
24 Sep 2026 4:43 PM	Annual Report to shareholders
24 Sep 2026 4:05 PM	Appendix 4G and Corporate Governance Statement
11 Sep 2026 12:05 PM	Corporate Calendar
10 Sep 2026 5:50 PM	Results of Meeting
25 Aug 2026 9:03 AM	RIU Investor Roadshow Presentation - Aug 2026
17 Aug 2026 7:10 PM	Notification regarding unquoted securities - VRX
7 Aug 2026 8:22 AM	Notice of General Meeting/Proxy Form
29 Jul 2026 5:47 PM	Quarterly Activities/Appendix 5B Cash Flow Report 1 1
22 Jul 2026 8:19 AM	Becoming a substantial holder