VRX Silica Ltd (ASX:VRX)
VRX Silica Ltd (ASX:VRX) is focused on becoming a global high quality Silica Sand producer and exporter.
The Company identified the silica sand shortage in the Asia-Pacific region as a unique opportunity for Western Australia. The shortage, which is predicted to worsen with dwindling local supplies and increasing demand, has caused an increase in price. The Asia-Pacific region accounts for 47% of global demand for silica sand and is predicted to grow at a CAGR of 7.7% during the 2021 2027 period according to a market research report by QuantAlign Research.
VRX Silica and its Western Australian Silica Sand Projects are well positioned to meet this rising demand in the Asia-Pacific markets for silica sand.
VRX Silica has acquired high-quality silica sand projects at Arrowsmith Silica Sand Project, located 270km north of Perth in WA, at Muchea Silica Sand Project, 50km north of Perth, and Boyatup Silica Sand Project, 100km east of Esperance. All locations have the potential for substantial Mineral Resources and benefit from adjacent rail lines connecting to ports in Geraldton (Arrowsmith), Kwinana (Muchea) and by road to the port at Esperance (Boyatup).