Ann: EPA approves ESD and sets timetable for Arrowsmith North, page-31

“Arrowsmith North is the first of our three high-quality, world-scale projects and the most
advanced pure silica sand development opportunity in Western Australia. I am confident the
lessons from this approvals process will assist VRX as we progress approvals and
development of the Arrowsmith Central and Muchea silica sand projects.
“Based on the indicative timetable now available to the Company, VRX expects to begin
Arrowsmith North’s six-month construction period in January 2023.”
“I thank our the Hot Copper Crazies for their ongoing support and patience as we progress our three
100%-owned, world-class, high-grade silica sand projects toward production and the delivery
of sustained value.”