We know FY26 has been a big year for VRX Silica, and this annual report brings all the moving parts together in one place.

The headline is Arrowsmith North. Over the year we secured State environmental, works and mining approvals, and locked in binding offtake agreements for 960,000 tonnes of silica sand a year with buyers in South Korea, Taiwan, the Philippines and China, close to half our expected full production. Our updated Bankable Feasibility Study confirmed a post-tax ungeared NPV8 of A$179.2 million over a 25-year mine life, within a resource base exceeding 100 years. We're now targeting trial shipments in late 2027 and sustained production in early 2028, though this depends on finalising remaining regulatory approvals, project finance and a positive final investment decision.

We also completed the purchase of the adjacent Arramall farm, which lets us move our processing plant onto cleared land, cutting native vegetation clearing and reducing the project's environmental footprint. That change means some existing approvals need amending, and those amendments are still being finalised with regulators.

At Muchea, the WA Government's support for our proposed land swap is a meaningful step, giving us access to more high-grade sand over a lower-impact area. We're now working through approvals and updating that project's own feasibility study.

On leadership, Tony Swiericzuk has taken over as CEO from Bruce Maluish, who moves to a non-executive role, and we're partway through refreshing the Board following Paul Boyatzis's retirement as Chair.

Financially, we raised capital through a placement, a rights issue and a further institutional placement to fund this work, and our net loss for the year was A$4.27 million.

We're always happy to hear from shareholders, so please do send through any questions you have about this announcement.

VRX Silica

Reports

Resources Reports

Rehabilitation Methodology

Tech Sheets

Resources

Silica Sand

Governance

Board & Management

Company Overview

About Us Menu Page

Home

Projects

Our Mineral Resources

Boyatup

Muchea

Arrowsmith

Contact Us

News & Media

Announcements

Research Reports

Sustainability

Presentations

Investor Overview

Barlow

Annual Reports