VRX Silica Advances Environmental Approval Process for Arrowsmith North Silica Sand Project

 VRX Silica Limited (ASX: VRX), a leading ASX-listed pure-play silica sand company, has taken a significant step forward in its Arrowsmith North Silica Sand Project with the initiation of the Public Environmental Review (PER) period. This article will explore the recent developments surrounding VRX Silica's project and highlight its commitment to sustainable practices and environmental protection.


VRX Silica Initiates Public Environmental Review for Arrowsmith North Silica Sand Project


Overview of the PER Process


VRX Silica has commenced the four-week Public Environmental Review (PER) period following the publication of its Environmental Review Document (ERD) for the Arrowsmith North Silica Sand Project. This crucial step signifies the progress made in obtaining approval for the project. The Department of Water and Environmental Regulation (DWER) has accepted the ERD for publication and release for PER, demonstrating its confidence in VRX Silica's proposed plans.


Addressing Stakeholder Feedback


During the PER process, VRX Silica is required to address all comments received regarding the Arrowsmith North Silica Sand Project proposal. This comprehensive review and response stage serve as the final step before the Environmental Protection Authority (EPA) of Western Australia prepares an assessment report. The report will provide recommendations to the Western Australian Environment Minister regarding the approval of the project.


Investor Outlook and Company Details


As of June 19th, 2023, VRX Silica's share price stands at AUD 0.125 per share, with a 52-week range of AUD 0.093 to AUD 0.190 per share. The company's market capitalization is valued at AUD 70 million, and it has issued 560.40 million shares as of the same date. These figures reflect VRX Silica's strong presence and position in the market.


About VRX Silica


VRX Silica Limited is an esteemed ASX-listed pure-play silica sand company with a strong focus on sustainability. The company boasts an expert board and management team committed to driving its portfolio forward. VRX Silica holds four silica sand projects in Western Australia, including the Arrowsmith North Silica Sand Project, the Arrowsmith Central Silica Sand Project near Eneabba, south of Geraldton, the Muchea Silica Sand Project north of Perth, and the Boyatup Silica Sand Project situated 100 km east of Esperance.


Conclusion


VRX Silica's initiation of the Public Environmental Review (PER) period marks a significant milestone in the approval process for the Arrowsmith North Silica Sand Project. By addressing stakeholder feedback and demonstrating its commitment to sustainable practices, VRX Silica aims to obtain the necessary approvals for the project. Investors and stakeholders can follow the latest updates and details on VRX Silica's official website, ensuring they stay informed about the company's progress and environmental initiatives.

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