AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Geothermal Exploration Permit has been granted to VRX Silica, covering eight blocks at Dandaragan.
- Geothermal technology has the potential to deliver renewable power for the company’s Mid-West silica sand projects.
- The development is expected to support the long-term ambitions of glass manufacturing in Western Australia, says VRX.
ASX-listed silica sand company VRX Silica Limited (ASX: VRX) has secured Geothermal Exploration Permit (GEP) 44 comprising eight blocks at Dandaragan, Western Australia. GEP 44, granted on 27 July 2023, has a term of six years.
The Walyering gas field comes under the Dandaragan GEP area that is under development by Talon Energy and Strike Energy in a joint venture.
With the grant, there is an opportunity to engage with these companies to explore potential geothermal power options by using historical and current data, highlighted VRX.
Data Source: Company update
Geothermal technology can produce long-term dispatchable renewable energy to power VRX Silica’s Arrowsmith Silica Sand Projects in the Mid-West region. The technology has the potential to produce green hydrogen for glass manufacturing.
GEPs are managed by DMIRS (Department of Mines Industry Regulation) under the Petroleum and Geothermal Energy Resources Act 1967. A competitive bidding system ascertains successful applications.
According to the company release, VRX made three GEP applications, out of which one is granted and two are under progress.
VRX shares traded at AU$0.18 apiece at the time of writing on 28 July 2023.
