Arrowsmith Central a second revenue stream for VRX
PERTH (miningweekly.com) – A bankable feasibility study (BFS) into the Arrowsmith Central silica sand project, in Western Australia, would require a capital investment of A$25.8-million to develop.
ASX-listed VRX Silica on Tuesday told shareholders that the project is expected to produce 39.6-million tonnes of silica sand over an initial 25-year mine life, based on a Joint Ore Reserves Committee-compliant resource of 77-million tonnes.
The BFS estimated that the project would have a post-tax net present value of A$147.6-million and an internal rate of return of 60%, with earnings before interest and tax estimated at A$737-million while revenues have been estimated at A$2.1-billion.
“Arrowsmith Central is a smaller resource than Arrowsmith North, but has the potential to still be a very long-life project with additional drilling of the inferred resource expected to be sufficient to realise the production target,” said VRX Silica MD Bruce Maluish.
“Arrowsmith Central will produce alternative products to Arrowsmith North, and will add to our available catalogue of products to be produced from our silica sands projects,” he added.
A previously completed BFS into the Arrowsmith North project estimated that it would require a capital investment of A$28.2-million to produce 47.7-million tonnes of silica sand over an initial 25-year mine life.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
