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