Ann: VRX Silica Company Update, page-37

<< The Company is confident the project has addressed the Environmental Principles >>
I believe they love to say ...."All good , permit is almost in the bag " , but rules are rules .



Preparation of the ESD is a fundamental step in the EPA administration
procedures to inforThe Company is confident the project has
addressed the Environmental Principles, Factors and Objectives of the
guidelines for assessmentm the Environmental Impact Assessment of
Arrowsmith North. .
Other government agencies will be restricted from approving any
approvals related to the full development of the project until the EPA
process is complete (noting exploration and investigations are not
restricted). This does not impact upon the Company’s current
development plans.

All IMO