WA Investments

Arrowsmith North Silica Sand Project

Direct Investment Mining & METS Mid West

View all investment opportunities

Seeking investment value of $41 - $70 million

Investment Summary

VRX Silica (ASX: VRX) has five high-grade, low impurity silica sand projects in WA boasting multi-decade scale deposits with a combined +1.38 billion tonne Mineral Resource of 99.6% to 99.9% SiO2 grade silica sand. The Arrowsmith North Project is the first project to be developed. Mining Leases have been granted with Native Title and Aboriginal Heritage agreements in place. Environmental and mining approvals are well advanced and completion expected early 2025. VRX is targeting commencement of production in late 2025.

Silica sand is the raw material required to produce critical silicon components to meet global decarbonisation commitments with global supplies of silica sand dwindling rapidly, particularly in Asia. Arrowsmith North Silica Sand range of uses include; glassmaking, three foundry products, solar panel backing plate glass, thermal sponge “blade” for thermal protection between battery packs in Li ion batteries, and high tensile fiberglass yarn that covers wind turbine blades.

Offtakes have been agreed for export with indicative pricing for South Korean and Taiwanese foundry markets subject to final approvals.

Investor information

Financial information

Investment sought: $41 - $70 million

Project website:

https://vrxsilica.com.au/projects/arrowsmith-project/

Project status update:

Production anticipated in late 2025

Project dependencies:

TBC

Project information

Project highlights:

Arrowsmith North is located 270km north of Perth adjacent to highway and rail connections to Geraldton Port.

Exploration, metallurgical test work, process circuit design and detailed engineering has been completed. Loose sand will be mined from the surface to 8-12m deep with loaders feeding a mobile trommel and progressive Vegetation Direct Transfer (VDT) style of rehabilitation. Processing on-site will include; screening, attritioning, flotation and classification to produce a range of silica products.

With production anticipated in late 2025 key items including a screen, trommel and modified loader bucket for VDT rehabilitation have been purchased.

Project timeline:

Expected start date:
01 January, 2024

Expected end date:
01 January, 3024

Funding round finish date:
31 December, 2023

Request more information

Please fill in the form below. Mandatory fields are marked with *.

"*" indicates required fields

This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
Contact Person*
This field is for validation purposes and should be left unchanged.

 

View all investment opportunities

Contact usAll fields are mandatory

 

"*" indicates required fields

Contact Person*
This field is for validation purposes and should be left unchanged.

Stay connected + up to dateMandatory fields are marked with *

 

"*" indicates required fields

Contact Person*
What Industry Sector(s) Are You Interested in?
This field is for validation purposes and should be left unchanged.

Guide on creating an investment project

1. Add investment project details

Tell investors about your investment project:

  • Describe your investment opportunity sufficiently for potential investors to understand the project and why you are seeking external funds of investment.
  • Articulate your investor proposition. This is your opportunity to share your story and your vision to an engaged investor audience.
  • Provide specific information in relation to the investment project – corporate entity/ownership, ABN / ACN, trading names investment value, investment type/sector and region,
  • Describe whether or not the investment project has an indigenous involvement and/or engagement.
  • Upload quality images and video link if you have them.
  • Provide location details (optional) so we can put it on a map.
  • Provide primary contact details to receive potential investor enquiries.Upload any other project information that you want potential investors to download that supports your investor proposition or "investment pitch".

2. State the impact and alignment of your project to WA investment strategies

When you create your Investment Project you will need to provide details on how it aligns with WA State Governments business sentiment and investment strategies – for example, the impact on jobs, tourism and the Western Australian economy.

3. Submit your investment project for review

Your investment project will be reviewed by our panel to ensure your investment opportunity is an "investment ready" project and satisfies our guidelines and approval process.

Investment ready means that the investment proponent has a clearly articulated business and/or project plan which demonstrates:

  • project feasibility and delivery, including risk management.
  • the strength, experience, capabilities and capacity to execute the proposed project;
  • a growth plan, and how that growth will be funded;
  • how the investment proponent will need to be in the correct business structure.

3. Submit your project for review

We will review your Project Brief and work with you to make sure it is ready for investors.

4. Approval and listing

We communicate with you via email as you create, save, submit and revise your investment opportunity. Our team may contact you directly during the review and revision process. We will always confirm by email after your investment project has been approved by us for listing.

By registering an investment opportunity on the website, you agree to the Terms and Conditions and acknowledge that you have read and agree to the Terms and Conditions, Disclaimer, Privacy and Copyright policies that are available on the Site.