Announcement PDF June 2026 Investor Presentation VRXSILICA Silica Sand Critical Mineral – key industrial input with no substitute ASX:VRX 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 ❑ Second most used commodity on Earth after water ❑ Global silica sand demand - currently 50 billion tonnes per annum ❑ Predicted growth - US$25.4b (2024) to US$38.3b (2033), steady CAGR of 5%* ❑ High purity silica sand used in semiconductor chip manufacturing ❑ China, India and Southeast Asia rapid industrialisation and urbanisation key growth driver ❑ Usable high-grade deposits are limited and face environmental, regulatory and logistics hurdles creating a tightening supply * Report Ocean – Global Washed Sand Market 2024 3 An investment in silica sand is an investment in the energy transition supply chain The world is facing a global sand supply crisis ❑ Surging demand with rapid growth in solar panels, glass manufacturing, semiconductors and general construction is driving unprecedented consumption of high-purity silica sand ❑ Asia, one of the largest markets for silica sand has limited high-quality deposits and any accessible deposits are depleted or environmentally protected 4 Books on Silica Sand 5 * Closing share price on ASX on 3 June 2026 ** Options class: VRXAAB 14.5m options ex $0.055 expiring 31 Dec 2027; VRXAP 7.2m options ex $0.15 expiring 31 Dec 2026; VRXAP 12m options ex $0.15 expiring 31 Dec 2028; and VRXAAC 9.7m options ex $0.10 expiring 31 Dec 2029 *** Cash as at 31 March 2026 Corporate Overview Capitalisation Summary ASX Ticker VRX Share Price* A$/sh 0.041 Shares Outstanding #m 778.3m Options Outstanding** #m 43.4m Market Capitalisation A$m 33 Cash Position*** A$m 2.7 Enterprise Value A$m 30 Month Rolling Liquidity mths 3 Top Shareholders Share Price Performance Board Paul Boyatzis Chairman Governance: over 30 years’ experience in investment, equity markets and managing public companies Bruce Maluish Managing Director* Technical and finance: over 40 years’ experience in mining industry including previous roles as ASX MD and General Manager Peter Pawlowitsch Non-Executive Director Senior executive: finance and corporate roles, including in resources and global tech companies listed on ASX David Welch Non-Executive Director Senior executive: responsible for strategy, business transformation and performance, commercial negotiations *Transitioning to Non-Executive Director at 1 July 2026 10% 13% 22% 55% Board and Management Sparta AG Other Top 20 Shareholders Other Shareholders Introducing new CEO, Tony Swiericzuk 6 Seasoned mining executive leading a highly experienced and capable project delivery and management team for Arrowsmith and Muchea Hubs ❑ Strong expertise in mining operations, exploration, project development, contractor management, sales and marketing, and financing along with a successful track record of engaging with regulators and First Nations peoples ❑ Deep industry knowledge spanning exploration, construction, mining, bulk ports, and manufacturing, providing a comprehensive end-to-end supply chain perspective ❑ Brings a highly experienced execution team with success on delivery of mining projects, working together for over 15 years, currently completing a project for Strike Energy ❑ As General Manager of the Christmas Creek Mine for FMG oversaw the construction, commissioning and ramp-up from 15Mtpa to 60Mtpa and optimised the operation to help drive FMG to become the world’s lowest cost iron ore producer ❑ Has since delivered A$500m SO4 and A$200m Strike Energy projects in WA ❑ Delivers new leadership and a capable team to advance VRX from explorer to producer 7 World Class Silica Sand Projects ❑ Two very large-scale hubs of high-grade silica sand ❑ Combined Mineral Resource of 1.4B tonnes, grading 99.5% - 99.9% SiO2 ❑ Simple, low complexity, low impact mining and processing ❑ Established infrastructure - road, water and power • Hubs located on Brand Highway 100km from Ports • Established water bore delivering 1.5GLpa • Gas pipelines run adjacent to each of the Hubs ❑ Scale provides multi-generational opportunity for silica sand export and potential glass manufacturing in Western Australia ❑ Proximity to Asia Pacific markets where demand is growing and supplies are dwindling. Staged multi-hub development of world-class assets 8 Kwinana Port Arrowsmith Hub (100% owned) • High-grade with strong financials • Proximity to port, highway and rail infrastructure • Target Markets - foundry and glass markets • Potential +100 year mine life: - JORC Proved and Probable Reserve of 221Mt @ 99.5% SiO2 • Updated BFS completed May 2026 • State environmental and mining approvals granted, amendments pending* • 960ktpa binding offtakes secured • Project finance process underway • Production targeted Q4CY27 Muchea Hub (100% owned) • Very high-grade, low-impurity with outstanding financials • Proximity to key port, highway and rail infrastructure • Target Markets - solar panel and ultra clear glass markets • Potential +100 year mine life: - JORC Indicated and Inferred Resource 208Mt @ 99.6% SiO2 • BFS completed Oct 2019, update in progress • Muchea immediately follows development of Arrowsmith Hub Arrowsmith and Muchea Hubs * State environmental approval and mining permit granted. Amendments sought to relocate processing plant/infrastructure and use alternative offset site at adjacent freehold property expected to be approved Q3CY26. 9 Arrowsmith Hub High Grade Silica Sand Project Overview 10 Arrowsmith Hub – Overview ❑ State environmental approval and mining permits granted, amendments pending* ❑ Plant and infrastructure located on adjoining freehold property ❑ 221Mt Ore Reserve @ 99.5% SiO2 supporting 100-years of production ❑ Grade controlled Proven Ore Reserve of 9.2Mt ❑ 2Mtpa nameplate capacity, fast ramp up ❑ Strategic infrastructure advantage: • Established deep water bore with extraction approval • Access by adjacent Brand Highway to Geraldton Port (100km) • Powered by hybrid gas and solar/battery supply ❑ Project finance process underway - international investment bank and debt capital markets specialist Pareto Securities appointed as manager for fixed income debt financing ❑ Production targeted for Q4CY27 * 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. PROXIMITY TO KEY ASIA IMPORT TERMINALS APAC SILICA SAND DEMAND IS GROWING SIGNIFICANTLY, SPECIFICALLY IN VRX TARGET MARKETS Nagoya Port Busan Port Ningbo-Zhoushan Port Guangzhou Port Singapore Port Arrowsmith Hub Kaohsiung Port 7,103 7,508 7,941 8,417 8,933 9,476 10,080 10,735 11,419 12,186 13,021 14,819 13,914 +7% 2020 2021 2022 2023 2024 2025E Glass Manufacturing Foundry & Casting Hydraulic Fracturing / O&G Proppants 2026E 2027E 2028E Ceramics & Refractories Sports & Leisure Abrasives & Sandblasting 2029E 2030E 2031E 2032E Paints & Coatings Electronics & Semiconductors Others (Chemicals & Silica Gel, etc.) USDm Source: IMARX Group Report 2021,2025Coherent Market Insights Pvt. Ltd. 11 VRX target markets Arrowsmith Hub – APAC Demand Growing Strategically Located for Supply into Asia Pacific Markets Country Volume (Mt) Market Value (USD Million) Growth Key Industries South Korea 1.5-2 90 3-4% Automotive, steel Japan 3.5-4 270 4-5% Automotive, high-end machinery China 11-12 810 5-6% Automotive, steel, electronics, 3D media VRX’s Target Market Arrowsmith Hub Target Market – Foundry ❑ Produce foundry-grade silica sand suitable for moulding steel castings ❑ Rising demand for high-performance castings in automobiles, rail, aerospace and heavy industry is accelerating the need for consistent, high-quality foundry sand ❑ Asian market has been supplied by domestic production - now less than 10 years of domestic silica sand supply remaining Metal casting for automobiles, rail, aerospace and heavy industry 12 Smooth, singular and thermally stable grains well-suited to resin coating 13 Arrowsmith Hub Foundry Sand ❑ Float (plate) glass for construction and automotive applications ❑ Glass for containers (bottles, jars etc) and tableware ❑ Specialty applications such as fibreglass insulation, scientific glassware (eg test tubes) and lighting products (incandescent and fluorescent lamps) ❑ APAC accounts for ~47% of global glassmaking silica sand demand but faces a structural silica sand deficit, driven by demand from foundry, flat glass, and electronics industries – particularly in China, Japan, and Southeast Asia 47% 14 Arrowsmith Hub Target Market – Glassmaking 47% 20% 16% 8% 5% 4% Asia Pacific North America Western Europe Eastern Europe Africa/Middle East Central and South America VRX’s Target Market Asian glass making production increasing 5-6% per year (~8-10Mtpa Growth) Use Spec Market in Asia Growth in Asia Float (Plate) Glass 99.5% SiO2 60 - 65Mtpa 5% - 6% Container Glass 99.5% SiO2 70 - 75Mtpa 5% - 6% Glassmaking silica sand demand by region* *Source: Freedonia estimate 6/3/2026 15 16 Processing Plant Design • Arrowsmith North and Muchea to each have 2 Mtpa processing capacity • No toxic reagents required • Washing, floating and sizing Arrowsmith Hub – Processing Flowsheet Simple processing flowsheet with no complexities • Simplified wet processing, multiple products, no dust, 2Mtpa processing plant Arrowsmith Hub – Processing Plant No dust No toxic chemicals Low complexity Arrowsmith Hub – Transport Logistics Arrowsmith Hub – Transport & Logistics Geraldton Port Well-established deepwater export facility with capacity to handle bulk silica sand shipment Legend: Haulage Route Commercial Port VRX Tenements Arrowsmith North Project Brand Highway Geraldton- Mt Magnet Road Midlands Road Arrowsmith Hub ❑ Located on the Brand Highway providing direct sealed road access 100km to the Geraldton Port ❑ Geraldton Port, is currently undertaking an A$350m Port Maximisation Project including upgraded berths, deeper channels, and a new bulk materials handling facility. This expansion project will lift port export capacity to 25Mtpa ❑ Logistics companies operating in the region to provide end-to-end logistics solution from Mine to Port, with Mid West Ports loading material onto ships for export ~100km 18 Binding Advanced negotiations Region South Korea Taiwan Philippines China South Korea Japan Counterparty Counterparty 1 (Company name can be made available under NDA) Counterparty 2 (Company name can be made available under NDA) Counterparty 3 (Company name can be made available under NDA) Counterparty 4 (Company name can be made available under NDA) Counterparty 5 (Company name can be made available under NDA) Counterparty 6 (Company name can be made available under NDA) Counterparty 7 (Company name can be made available under NDA) Counterparty 8 (Company name can be made available under NDA) Term 4 years 4 years Products AFS20, 35 & 55 AFS20, 35 & 55 AFS20, 35 & 55 Mid-West Premium AFS20, 35 & 55 AFS20, 35 & 55 AFS20, 35 & 55 AFS20, 35 & 55 Quantity per year 90,000 dwt 100,000 dwt 100,000 dwt 120,000 dwt 300,000 dwt 250,000 dwt Price USD 38 – 43 per dmt FOB Parties to negotiate the pricing for the remaining 2 years during 3-6 months before the end of the 2nd year USD 38 – 43 per dmt FOB Offtake conditions Conditions to be satisfied by 31 Dec 2026, with option to extend by 4 months (expected to be further extended to Q4CY27) • Port of Geraldton port access agreement for use of port and an agreement with any rail, road, or infrastructure providers at the Port of Geraldton • Government Approvals for construction and operations of Arrowsmith North • Commissioning of the Project and achievement of commercial production of at least 30,000dmt of product • Delivery of trial shipment of product to the customer at to be agreed volume Under negotiation Governing Law Offtake agreements are governed by the laws of Western Australia Under negotiation 19 Arrowsmith Hub – Offtake Overview 20 Arrowsmith Hub – BFS* Economics Development opportunity 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 IRR (post-tax) 31% 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 * Arrowsmith North 2026 Updated BFS, announced to ASX on 27 May 2026. Q2 CY2026 - Now • Updated CAPEX and OPEX model finalised • Updated Arrowsmith North BFS released and announced H2 CY2026 • Purchase of Arramall farm completed • Port access agreement finalised • Logistics contract awarded (trucking / storage) • Amendments to environmental and works approvals finalised • Project financing (debt and equity) finalised • Site establishment and early access works begin • Muchea BFS Update commenced H1 CY2027 • Plant construction commenced • Mining area mulching/clearing commenced • Power and Water installations commenced • Commissioning preparations commenced • Muchea Permitting and Approval process commenced Beyond • Mining operations commenced (pre-strip) • Plant commissioning • Early trial shipments to binding offtake customers • Commercial production achieved by end CY2027 H2 CY2027 • Ramp to 2Mtpa+ nameplate • Pursue additional offtake contracts • Muchea project development commences Note: Timeline is indicative and subject to regulatory approvals, contractor availability, and financing. 21 Arrowsmith Hub – Timeline to Production 22 Muchea Hub Very High-Grade, Low-Impurity Silica Sand Project Overview 23 Muchea Hub Overview Large scale, world class, very high-grade, low impurity silica sand project ❑ Development to follow Arrowsmith Hub ❑ Located 50km north of Perth, close to established infrastructure: • Under utilised railway connects to Kwinana (100km) • Grid power • Water from aquifer bore • 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 duplicating Arrowsmith environmental studies, mining method and plant design ❑ Raw material for premium ultra-clear cover glass production for solar panels and other high end uses VRX Silica 24 25 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 IRR (post-tax) 96% 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 * Muchea 2019 BFS, announced to ASX on 18 October 2019. Update planned for commencement Q4CY26. VRX Value Proposition VRX Value Proposition Notes: 1. Arrowsmith North 2026 Updated BFS announced to ASX on 27 May 2026 2. Inclusive of a capital contingency 3. Cash and debt figures as at 31 March 2026 4. Muchea BFS announced to ASX on 18 October 2019 AUD NPV8 vs Capex1,2 AUD Project NPV vs Enterprise Value1,3 26 $179.2m $74.5m Arrowsmith North NPV (Post-Tax) Pre-Production Capex Arrowsmith North NPV $179m $30m Arrowsmith North NPV (Post-Tax) VRX Enterprise Value as at 3 June 2026 2.4x $149m value gap 6.0x Muchea 2019 NPV $338m4 Project NPV Further value gap significant, but subject to updated studies and approvals 27 Right Place, Right Time Opportunity for VRX to capture an economic advantage over critical strategic silica sand resources ❑ Arrowsmith Hub is a low-cost, large-scale project with strong economics: ~221Mt of 99.5% SiO₂ resource, with production targeted for Q4CY27 ❑ Lower CAPEX and OPEX at Arrowsmith 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 rapidly, while supply is tightening due to limited deposits and stricter environmental regulations ❑ VRX is well positioned to capitalise on growing demand, diminishing supply and favourable pricing Every semiconductor chip begins with high purity silica sand – positioning premium silica assets at the foundation of the digital economy 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 29 Silica Sand Mineral Resource and Ore Reserve