Announcement PDF VRXSILICA Silica Sand Essential to World Growth April 2025 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 28 August 2019,11 November 2022 and 6 March 2024 (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 initial public report (6 March 2024) continue to apply and have not materially changed. Silica Sand: The Second-most Consumed Material on Earth 3 The world is facing a global sand supply crisis 4 World Class Silica Sand Projects Project development pipeline to ensure disciplined, staged development of worldclass assets ❑ Five very large scale, high grade and low impurity silica sand projects each project capable of independent operation to supply processed material to diverse markets ❑ Simple, low impact mining and processing ❑ Access to established infrastructure (logistics, power, water and gas) – rail lines to port run adjacent to all project tenements – gas pipelines run adjacent to each of the project areas ❑ Scale of projects provides long-term opportunity for silica sand export and potential glass manufacturing and downstream industries in Western Australia ❑ Grant of geothermal permit in the Mid West and JV with Steam Resources provides alternative energy solution 5 Market Outlook - Foundry Sand VRX Target Market - Metal Casting/Foundry for Automobile Parts Arrowsmith North silica sand project Foundry Sand products Used for moulding sand and core sand for non-ferrous alloy castings, iron castings and small steel castings. Increasing demand for high-performance and high-quality castings in automobile, railway transportation, aerospace and other industries. The market demand scale of casting products continues to grow, and the demand for casting sand continues to expand. Recent advances in sand media for 3D printing of intricate moulds. Country VRX’s Production Market Volume (Million t) Market Value (USD Million) Growth Key Industries South Korea 1.5-2 90 2-3% Automotive, steel Japan 3.5-4 270 3-4% Automotive, high-end machinery China 11-12 810 3-5% Automotive, steel, electronics, 3D media 6 Metal Casting Media New Industry 3D Printing Intricate Patterns March 2025 7 Market Outlook - Glassmaking Asian glass making production increasing 5-6% per year (~8 - 10Mtpa Growth) VRX Target Market - Float, Container Glassmaking silica sand demand by region* Use 4% 5% 8% 47% 16% VRX’s Target Market Float (Plate) Glass Spec 99.5% SiO2 60 - 65Mt 5% - 6% Container Glass 99.5% SiO2 70 - 75Mt 5% - 6% 20% Asia Pacific Western Europe Africa/Middle East North America Eastern Europe Central and South America *Source: Freedonia estimate Market in Growth in Asia Asia 8 WA Leading Silica Sand Projects Arrowsmith North (100%) • High-grade with exceptional financial metrics • Close proximity to port and rail infrastructure • Glass making and foundry products • Potential +100 year mine life: - JORC Proved and Probable Reserve of - 221Mt @ 99.5% SiO2 • Updated BFS completed March 2024 • Environmental and mining approvals expected Q2 2025 • Final offtakes and financing to follow Muchea (100%) • Very high-grade product with outstanding financial metrics Kwinana Port • Well located to key port and rail infrastructure • Specialist solar panel glass products • Potential +100 year mine life: - JORC Indicated and Inferred Resource - 208Mt @ 99.6% SiO2 • BFS completed Oct 2019 9 Exploration 10 Arrowsmith North Near-term development opportunity for a world-class silica sand project ❑Production expected to commence 8-12 months following final environmental approvals, finance and FID ❑221Mt Ore Reserve @99.5% SiO2 (100-year production) (See Reserve Table) ❑Grade controlled Proved Ore Reserve 9.2Mt for first 6 years of production ❑Tailored 2Mtpa processing plant with patented process circuit, final capital estimate and independent technical review nearing finalisation ❑Access to established infrastructure – ❑Established bore for water from Yarragadee North deep aquifer ❑Access by adjacent Brand Highway ❑Potential hybrid gas and solar power supply 11 Arrowsmith North Environmental and Mining Approvals Nearing Completion ❑Original Referrals to Commonwealth and State environmental agencies late 2020 ❑Confirmation by Commonwealth of accredited State assessment under the EPBC Act ❑Approvals for Mining, Works and Water lodged 2022 ❑EPA public review and response to submissions 2023-2024 ❑Final EPA report, recommendation to Minister and proposed approval conditions Jan 2025 ❑Awaiting final Ministerial consent following completion of appeals process, expected April 2025 ❑Commonwealth and other approvals expected Q2 2025 12 Arrowsmith North Independent Technical Review Underway ❑Updated BFS (March 2024) demonstrates robust financial metrics for a World-class silica sand project ❑Ungeared NPV10 of $167m based on 25 years mining of a +100 year Reserve ❑Proved and Probable Ore Reserve of 221Mt @ 99.5% SiO2 ❑Four products for international foundry and glassmaking industries ❑Independent technical review by AMC Consultants to support financing nearing finalisation 13 Unique Mining A made-for-purpose mining method designed around continuous rehabilitation ❑ VRX has developed a unique and continuous rehabilitation silica sand mining method ❑ The Vegetation Direct Transfer (VDT) method provides a rapid and comprehensive regeneration of mined areas ❑ Removes a 400mm-deep sod with topsoil containing the topsoil and native flora remaining intact ❑ Root structures in the loose sand are relatively shallow at 200-300mm in depth ❑ Modified loader bucket required for VDT fabricated and ready for use 14 Processing Flowsheet Simplified wet processing, multiple products, no dust, 2mtpa processing plant at each site Processing Plant Design ▪ Arrowsmith North, Arrowsmith Central and Muchea to each have 2 Mtpa processing capacity ▪ No toxic reagents required 15 Processing Plant Design No dust No toxic chemicals VRX Silica 17 Muchea Large scale, world class high-grade and low impurity silica sand project ❑Production to follow Arrowsmith North subject to EPA approval ❑Utilise VDT and duplicate plant ❑Access to established infrastructure ❑Underutilised railway connects to Kwinana (100km) ❑Grid power ❑Water from Yaragadee deep aquifer ❑Adjacent to Brand Highway ❑Granted Mining Lease and Miscellaneous Licences for access ❑Significant metallurgical testwork +99.9% SiO2 - <100ppm Fe2O3 after processing (highgrade, low impurity) 18 Muchea Downstream processing capabilities ❑Critical Minerals Prospectus – VRX Muchea project is included in the 2024 Critical Minerals Prospectus published by Austrade (now online) ❑Raw material for premium ultra-clear cover glass production for solar panels ❑Potential for production of solar panels in Western Australia ❑Potential for production of silica flour for LCDs and other applications ❑IAF Grant - VRX has received a grant from the Western Australian Innovation Attraction Fund to investigate the production of silica flour: ❑1 tonne sample successfully tested by specialist laboratory in Germany ❑Samples despatched to potential buyers ❑Significant interest in products capable of production 19 Sustainability, Environment, Social and Governance (ESG) VRX is delivering on its ESG responsibilities aligned to the UN’s Sustainable Development Goals CLEAN ENERGY ECONOMIC GROWTH INDUSTRY INNOVATION SUSTAINABLE COMMUNITIES RESPONSIBLE PRODUCTION CLIMATE ACTION REHABILITATION PLAN Utilising reliable, renewable modern energy Enhancing economic and productive employment Building resilient infrastructure and fostering innovation Respecting heritage values Employing sustainable mining methods Reducing emissions from production Employing direct vegetation transfer as a unique rehabilitation method 20 Corporate Summary Capital Structure Share Price A$0.046* Ordinary Shares on Issue 747 million Options on Issue 92 million Market Capitalisation A$34 million* Cash A$4.8 million** Debt Nil Enterprise Value A$29.2 million Shareholders Board and Management 10% Top 20 Total 37% * Closing share price on ASX on 31 March 2025 ** Cash at 31 March 2025 21 Our Team Executive Board Person Role Experience 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 NonExecutive Director Senior executive: finance and corporate roles David Welch NonExecutive Director Senior executive: responsible for strategy, business transformation and performance, commercial negotiations Paul Boyatzis Person Role Experience Ryan Baxter General Manager Production: 15 years’ experience in mining and construction with 10 years exporting silica sand David Reid Exploration Manager Technical: responsible for exploration and mineral processing Steven Papadopoulos Commercial Manager Legal and commercial: over 25 years’ experience as corporate lawyer and commercial advisor in resources and other industries Yoonil Kim Marketing Manager Marketing: 19 years’ experience selling silica sand in the Asian market 22 Right Time, Right Place Opportunity for WA to capture an economic advantage of abundant silica sand and domestic gas reserves to build world-class glass manufacturing and downstream processing industries ❑ Very long life, high-grade silica sand supply with combined 1.4 billion tonne Resource, 99.6% to 96.5% SiO2 grade ❑ Arrowsmith North environmental and other approvals expected Q1 2025 ❑ WA domestic gas reserves and burgeoning hydrogen projects in mid-west, with exposure to geothermal energy solutions ❑ Long term supply of essential raw materials and potential green energy for glass manufacturing (LNG gas/wind/solar/hydrogen) ❑ High-tech ultra-clear glass and HPQ production capability from Muchea ❑ Manufacturing of solar panels in WA for a huge and growing market in Australasia 23 Thank you Bruce Maluish Managing Director Ground Floor, 52 Kings Park Road West Perth WA 6005 Phone: 08 9226 3780 Email: info@vrxsilica.com.au Silica Sand Resources and Reserves Mineral Resources - as at 30/06/2024 Project Classification Indicated Muchea Inferred Total Measured Arrowsmith Indicated North Inferred Total Arrowsmith Inferred Brand Total Indicated Arrowsmith Inferred Central Total Inferred Boyatup Total Total Mineral Resource Mt SiO₂ % Al₂O₃ % 29 99.6 0.1 179 99.6 0.1 208 99.6 0.1 10 95.9 1.9 237 97.7 1.0 266 98.4 0.7 513 98.0 0.9 523 97.3 1.4 523 97.3 1.4 28.2 96.6 1.7 48.3 96.9 1.5 76.5 96.8 1.5 60 97.8 0.8 60 97.8 0.8 1,381 Million Tonnes Ore Reserves - as at 30/06/2024 Fe₂O₃ % TiO₂ % LOI % 0.03 0.02 0.02 0.7 0.4 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.2 0.2 0.1 0.1 0.1 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.7 0.5 0.4 0.4 0.6 0.6 0.7 0.7 0.7 0.9 0.9 Project Classification Product Mt SiO2 % Al2O3 Fe2O3 % % F80 10.2 99.9 0.02 0.008 Muchea Probable F80C 4.25 F150 4.25 99.8 0.07 0.015 Muchea Ore Reserve 18.7 Million Tonnes AFS20 0.8 99.5 0.25 0.07 AFS35 3.9 99.5 0.5 0.06 Proved AFS55 2.7 99.2 0.5 0.1 Local 1.8 Arrowsmith Proved Ore Reserve 9.2 Million Tonnes North AFS20 24.2 99.5 0.25 0.07 AFS35 102.5 99.5 0.5 0.06 Probable AFS55 51.1 99.2 0.5 0.1 Local 34.1 Probable Ore Reserve 212 Million Tonnes Arrowsmith North Ore Reserve 221 Million Tonnes CF400 4.2 99.6 0.25 0.04 C20 8.4 Arrowsmith Probable C40 4.2 Central High TiO2 2.2 <1% Arrowsmith Central Ore Reserve 18.9 Million Tonnes Total Ore Reserve 259 Million Tonnes TiO2 % LOI % 0.03 0.1 0.035 0.1 0.05 0.05 0.05 0.1 0.1 0.1 0.05 0.05 0.05 0.1 0.1 0.1 0.03 0.1 2% 25