viewVRX Silica Ltd

VRX Silica granted trading halt with capital raising news pending

The company’s securities will remain in a trading halt until Monday, November 4, or when an announcement is made to the market.

VRX Silica Ltd - VRX Silica is in trading halt ahead of capital raising
Three high-grade high-value silica sand products were identified in the Muchea project BFS

VRX Silica Ltd (ASX:VRX) has been granted a trading halt by the ASX with a capital raising announcement pending.

The trading halt will remain in place until the beginning of normal trade on Monday, November 4, 2019, or when an announcement is made to the market, whichever occurs earliest.

VRX Silica's shares last traded at 14 cents.

BFS results

Earlier this month the company received the third of its bankable feasibility studies (BFS) for its WA projects, the Muchea Silica Sand Project, which it said demonstrated ‘outstanding’ financial metrics.

The BFS indicates that Muchea can produce very high-grade silica sand products.

Managing director Bruce Maluish said the outstanding BFS demonstrated the potential for Muchea to be a world-class high-grade silica sand deposit.

He said it was the most impressive of the three bankable feasibility studies completed for the company’s silica sand projects north of Perth, with the project set to benefit from the rail connection to Kwinana port for export.

The study incorporated a maiden probable ore reserve of 18.7 million tonnes at 99.9% SiO2 with 14.6 million tonnes at 99.9% SiO2 in the mining lease application area.

Quick facts: VRX Silica Ltd

Price: 0.14 AUD

Market: ASX
Market Cap: $62.31 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of VRX Silica Ltd named herein, including the promotion by the Company of VRX Silica Ltd in any Content on the Site, the Company receives from...


Cabral Gold adds 2nd drill rig as company identifies new high-grade veins

Cabral Gold (CVE: CBR-OTC: CBGZF) CEO Alan Carter joined Steve Darling from Proactive Vancouver with news the company has identified at least six new NE trending high-grade veins in the Machichie SW area located immediately north of the MG deposit. Carter telling Proactive what had led them...

8 hours, 37 minutes ago

2 min read