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Highlights
- The Environmental Review Document related to the company's Arrowsmith North Silica Sand Project is now published
- VRX Silica had earlier this month informed about the acceptance of the Document by the Department of Water and Environmental Regulation
- According to VRX, the publication -- which kicks off the Public Environmental Review period -- is a crucial step in the Project’s approvals process
Australian listed company VRX Silica Limited (ASX: VRX) has announced that the Environmental Review Document related to the company's Arrowsmith North Silica Sand Project (Proposal) is now published. This kicks off the Public Environmental Review (PER) period -- lasting for four weeks -- effective 19 June 2023.
Notably, VRX Silica had earlier this month informed the market about the acceptance of the Environmental Review Document by the Department of Water and Environmental Regulation, which enabled the publication and release for the purpose of Public Environmental Review.
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The company notes that the publication, which has now been followed by the commencement of the PER period, is a crucial step in the Project's approval process. It is pertinent to note that the PER process would require the company to respond to the comments received with respect to the proposal.
It is also stated that the PER and the response activity is the ultimate step that would pave the way for the Environmental Protection Authority of Western Australia to make an assessment report. The report would contain recommendations to the WA Environment Minister on whether the Proposal of VRX should be approved.
Shares jump over 8.6%
VRX shares closed at AU$0.125, up over 8.6%, on 19 June 2023.