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Highlights
- Latest assays for Muchea high-grade silica flour confirm products meet the end user specifications.
- VRX is exploring downstream processing opportunities to enhance value from Muchea Silica Sand Project.
- The company is evaluating a number of potential markets for silica.
- VRX is sending samples to potential customers.
VRX Silica Limited (ASX: VRX) has unveiled promising assay results for the high-grade silica flour from its Western Australia-based Muchea Silica Sand Project.
The latest assays confirm that the products meet stringent end user specifications, marking a significant milestone for the company.
Earlier assessments conducted at a specialised laboratory in Germany indicated that the particle size distribution of the silica flour met the specified requirements. Subsequent elemental testing further validated these results, demonstrating compliance with end user specifications.
|
|
SiO2% |
Al2O3% |
Fe2O3% |
TiO2% |
LOI% |
|
Silica Flour |
99.9 |
0.09 |
0.01 |
0.01 |
0.03 |
Data source: company update
With growing interest in silica flour products, the company has dispatched samples to a select number of potential customers in Asia. This suggests potential market expansion opportunities.
Commenting on the results, VRX Managing Director Bruce Maluish said: “These assay results are the next step in examining the potential for new product lines and downstream processing opportunities for silica sand from our Muchea Silica Sand Project, including an examination of the viability of new industries in Western Australia.”
He added that VRX is actively exploring various downstream processing opportunities to create higher-value products, enhancing the value of VRX's world-class high-quality Muchea Silica Sand Project.
The company is investigating potential markets for fine silica, with a focus on industries such as LCD, pharmaceutical, and flint glass industries. Additionally, the company is exploring applications in Epoxy Moulding Compound (EMC) encapsulation, high tensile fiberglass production, anti-stain paint fillers, 3D printer materials, cristobalite for road marking paint, laser printer inks, quartz crucibles, and semiconductor industries.
Further progress will depend on confirmation testing by potential customer labs and ensuring market demand, especially for LCD glass specification silica flour.
The process circuits utilised for producing silica flour products primarily consist of ceramic components and are designed to be fully sealed, thus preventing any dust exposure to employees or the surrounding environment.
At the time of writing this article on 22 April 2024, the share price of VRX was AU$0.069, up nearly 3% from the last close.
