Ah, turns out VRX holders was prioritised in the IPO offering... which would have been cool at the time if you were a 708c beyond that we got the 9%.... so now we can get all excited.
The Biranup Project is situated in the highly prospective Albany – Fraser Orogen in Western Australia, an area which hosts IGO’s Nova nickel mine, the world class ~10Moz Tropicana Gold Deposit and is currently the subject of a much anticipated drilling program currently being conducted by Legend Mining.
VRX Silica’s Managing Director Bruce Maluish said, “We are delighted to have reached agreement with NRG on the terms for the sale of the Biranup Project which will enable VRX Silica to share in any future exploration success. The Biranup Project tenements have an extensive and comprehensive exploration data base that we have assembled and this will be a great starting point for NRG.”
“This is an ideal outcome for VRX Silica and its shareholders as it will allow us to focus on the Company’s stated aim of becoming a global supplier of high-quality silica sand.”
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