Announcement PDF The most advanced pure-play silica sand company on the ASX The most advanced pure-play silica sand company on the ASX RIU Presentation |August 2026 Important Information 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. The information contained in this document is not investment or financial product advice and is not intended to be used as the basis for making an investment decision In preparing and providing this document, VRX has not considered the objectives, investment profile, financial position or needs of any particular recipient Mineral exploration is subject to significant risk. There is no guarantee of exploration success, and even if exploration success is achieved, there is no guarantee that development of any mineral deposit will be economically viable VRX strongly suggests that investors consult a financial advisor prior to making an investment decision. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation To the maximum extent permitted by law, none of VRX, its related bodies corporate, or their shareholders, directors, officers, employees, contractors, agents or advisors, nor any other person accepts any liability,including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this document. This document may include “forward looking statements” within the meaning of securities laws of applicable jurisdictions Forward looking statements can generally be identified by the use of the words “anticipate“, believe”,“ expect”,“ project”,“ forecast”,“ estimate”,“ likely”,“ intend”,“ should”,“ could”,“ may”,“ target”,“ plan”,“ guideline”,“ and other similar expressions Indications of, and guidance on, revenue models, pricing, earnings and financial position and performance are also forward looking statements. Such forward looking statements are not guarantees of future pricing, performance and events, and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of VRX, its related bodies corporate, and their directors, officers, employees, contractors, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based In particular, potential revenue opportunities and guideline pricing models set out in this document are based on certain assumptions which may in time prove to be false, inaccurate or incorrect Readers are cautioned not to place undue reliance on forward looking statements and VRX assumes no obligation to update such information. This document is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in any jurisdiction, and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Without limiting the foregoing, this document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States The securities of VRX have not been, and will not be, registered under the US Securities Act of 1933 as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. Compliance Statement The information in this document that relates to the estimation and reporting of the Mineral Resource and Ore Reserves for the Company’s silica sand projects is extracted from releases to ASX on 27 May 2026 (Arrowsmith North), 17 September 2019 (Arrowsmith Central), 9 May 2023 (Arrowsmith Brand), 18 October 2019 (Muchea) and Boyatup (18 August 2022). The Company confirms that it is not aware of any new information or data that materially affects the information included in this document and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements. The Company confirms that all the material assumptions underpinning the production target, or the forecast financial information derived from the production target, in the 2026 Updated BFS dated 27 May 2026 continue to apply and have not materially changed. Silica Sand – foundational, not cyclical Silica Sand – foundational, not cyclical ❑ Global industrial silica sand demand - currently 400Mtpa ❑ Steady long term CAGR of 5%* with low volatility ❑ Key growth drivers China, India and Southeast Asia rapid industrialisation and urbanisation ❑ Demand in solar panels, premium glass, foundries, ceramics, filtration and semiconductors ❑ Limited usable high-grade deposits facing environmental, regulatory and logistics hurdles is tightening supply * Report Ocean – Global Washed Sand Market 2024 3 An investment in silica sand is an investment in the energy transition supply chain Source: IMARX Group Report 2021,2025Coherent Market Insights Pvt.Ltd. 10 Silica Sand Market Value – APAC Demand Growing Silica Sand Market Value – APAC Demand Growing 5 Corporate Overview – VRX Silica (ASX:VRX) DEVELOPING THE MOST ADVANCED PURE-PLAY SILICA SAND COMPANY ON THE ASX FOCUSED ON SUPPLYING THE GLOBAL DEMAND FOR SILICA SAND * Closing share price on ASX on 24 August 2026 ** Options comprising 111.2m VRXO quoted options (10c, 30-Jun-28) and 68.4m unquoted board, management and staff options (various ex. prices and dates) *** As at 31 July 2026 (excludes $2m Arramall debt funding) Capital Summary ASX Ticker VRX Share Price* A$/sh 0.039 Shares Outstanding #m 984.3 Options Outstanding** #m 179.6 Performance Rights #m 23.0 Market Capitalisation A$m 38.4 Cash Position*** A$m 3.2 Enterprise Value A$m 35.2 Monthly Rolling Liquidity A$m 3.0 Shareholder Register Other Shareholders Board and Management Other Top 20 Shareholders Delphi/Sparta Nebari 59.4% 10.5% 13.7% 10.3% 6.1% 6 Board & Management – VRX Silica (ASX:VRX) MOTIVATED TEAM WITH A PROVEN TRACK RECORD FOCUSED ON SUPPLYING THE GLOBAL DEMAND FOR SILICA SAND Board of Directors Chief Executive Officer Bruce Maluish Non-Executive Director Technical and finance: over 40 years’ experience in mining industry including previous managing director and general manager role Peter Pawlowitsch Interim Chairman and Non-Executive Director Senior executive: over 10 years’ experience in the accounting profession and more recently business management and the evaluation of businesses and mining projects David Welch Non-Executive Director Senior executive: responsible for strategy, business transformation and performance, commercial negotiations Tony Swiericzuk Chief Executive Officer Experienced mining executive with deep expertise across exploration, project development and operations, with a strong track record delivering major projects at Fortescue Metals Group (Port Hedland and Christmas Creek) and for Strike Energy (South Erregulla), supported by a long- standing, high-performing execution team and strong stakeholder engagement. Performance Equity Mr Swiericzuk is highly incentivised to deliver for VRX, with remuneration including performance rights vesting upon a suite of performance hurdles: Weight of Performance Package 1. Positive FID for Arrowsmith North 13% 2. Payment received for first shipment from Arrowsmith North 13% 3. Annualised run rate of 1 Mtpa production (measured over a 3- month period) from Arrowsmith North 22% 4. Annualised run rate of 2 Mtpa production (measured over a 3- month period) from Arrowsmith North 26% 5. Next project (Muchea or other) fully approved to construct 26% 7 Kwinana Port Arrowsmith Hub (100% owned) • High-grade, strong financials • Proximity to port, highway and rail infrastructure • Target Markets - foundry and glass • Potential +100 year mine life: - Reserve of 221Mt @ 99.5% SiO2 • 960ktpa binding offtakes secured • Production targeted end CY27 Muchea Hub (100% owned) • Very high-grade, low-impurity, superior financials • Proximity to port, highway and rail infrastructure • Target Markets - ultra clear and premium glass • Potential +100 year mine life: - Resource 208Mt @ 99.6% SiO2 • Muchea follows development of Arrowsmith Hub Priority Projects Priority Projects ARROWSMITH HUB ARROWSMITH HUB High Purity Silica Sand Project Overview 9 Arrowsmith Hub – Overview Arrowsmith Hub – Overview ❑ State environmental approval and mining permits granted, final amendments pending* ❑ Plant and infrastructure located on adjoining freehold property ❑ Grade controlled Proven Ore Reserve of 9.2Mt ❑ 2Mtpa nameplate production capacity ❑ Strategic infrastructure advantage: • Established deep water bore with extraction approval • Access Brand Highway to Geraldton Port (100km) • Hybrid gas and solar/battery option now available ❑ Project finance process underway – Argonaut mandated as Lead Manager, Pareto Securities appointed for debt financing ❑ Production targeted for end CY27 * State environmental approval and mining permit granted. Amendments sought to relocate processing plant/ infrastructure and use alternative offset site at adjacent Arramall farm –. expected to be approved Q3CY26 12 Processing Plant Design • 2 Mtpa processing capacity • Washing, floating and sizing • No toxic reagents required Arrowsmith Hub – Processing Flowsheet Arrowsmith Hub – Processing Flowsheet Simple processing flowsheet with minimal complexities Uniquely smooth, singular and thermally stable grains well-suited to resin coating 11 Arrowsmith Hub Foundry Sand Arrowsmith Hub Foundry Sand 15 Arrowsmith Hub – BFS* Economics Arrowsmith Hub – BFS* Economics Development of a world-class silica sand project RESOURCE 221Mt Ore Reserve @99.5% SiO2 supporting over 100 years of production – multi-generational project Target Production 2Mtpa CAPEX A$74.5m Includes Contingency and Arramall Farm purchase Operating Costs A$35.05/t C1 costs, incl royalties NPV8 (post-tax) A$179m 31% * Arrowsmith North 2026 Updated BFS, announced to ASX on 27 May 2026. IRR (post-tax) Commodity Prices US$38-43/t FOB (A$54-61/t) Payback 4.6 years Total Sales A$2.6b US$38-43 per dry metric tonne, 25 years ASX:VRX | 16 Project Development – Arrowsmith Indicative Timeline PRODUCTION TARGETED FOR END CY2027 Project Development – Arrowsmith Indicative Timeline PRODUCTION TARGETED FOR END CY2027 FOCUSED ON SUPPLYING THE GLOBAL DEMAND FOR SILICA SAND 2026 2027 CY26 Q3 CY26 Q4 CY27 Q1 CY27 Q2 CY27 Q3 CY27 Q4 Amendments to approvals finalised Project financing finalised Site establishment and early works Muchea BFS Update Muchea Permitting/Approvals Arrowsmith Process Plant construction Mining operations commenced (pre-strip) Plant commissioning Early trial shipments to offtake customers MUCHEA HUB MUCHEA HUB Very High Grade Purity Silica Sand Project Overview 18 Muchea Hub Overview Large scale, world class, very high-grade, low impurity silica sand project Muchea Hub Overview Large scale, world class, very high-grade, low impurity silica sand project ❑ Located 50km north of Perth, close to established infrastructure: • Under utilised railway connects to Kwinana (100km) • Grid power • Adjacent to sealed Brand Highway ❑ Granted Mining Lease and Miscellaneous Licences ❑ Significant metallurgical test work +99.9% SiO2 - <100ppm Fe2O3 product (very high-grade, low impurity) ❑ Efficiencies driven by learnings on Arrowsmith environmental studies, mining method and plant design ❑ Premium ultra-clear glass markets for solar panels and other high end uses 19 Muchea Hub – BFS* Economics Muchea Hub – BFS* Economics Higher value product, higher margin than Arrowsmith Hub RESOURCE JORC Indicated and Inferred Resource 208Mt @ 99.6% SiO2 supporting over 100-years of production – multi-generational project Target Production 2Mtpa CAPEX A$50m Operating Costs A$32.74/t C1 costs, incl royalties NPV10 (post-tax) A$338m 96% * Muchea 2019 BFS, announced to ASX on 18 October 2019. Update planned for commencement Q4CY26. IRR (post-tax) Commodity Prices US$55-60/t FOB (A$79-86/t) Payback 2.3 years Total Sales A$3.3b US$55-60 per dry metric tonne, 25 years 21 Right Place, Right Time Right Place, Right Time ❑ Arrowsmith Hub ~221Mt of 99.5% SiO₂ resource, with production targeted for end CY27 ❑ Operational advantages with purchase of Arramall farm adjacent to mining lease ❑ Multi-generational mine life and scalability to provide additional upside to the BFS economics ❑ Experience from Arrowsmith Hub will streamline the development of Muchea Hub ❑ Muchea offers very high-grade, low-impurity silica sand (99.9% SiO₂), supporting very high value applications such as ultra-clear solar panel glass and high-tech glass ❑ Global demand for high-purity silica sand is rising, while SE Asia seaborne supply is tightening due to limited deposits, strict export regulations and export tariffs ❑ VRX is well positioned to capitalise on growing demand and current restricted, at-risk supply Every semiconductor chip begins with high purity silica sand positioning premium silica assets at the foundation of the digital economy Thank you Thank you Tony Swiericzuk Chief Executive Officer Ground Floor, 52 Kings Park Road West Perth WA 6005 Phone: 08 9226 3780 Email: info@vrxsilica.com.au