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]