VRX: Annual Report to shareholders
Original announcement by asx on
- Company
- VRX Silica Limited
- Ticker
- VRX
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Silica
- Secondary commodities
- None reported
- Document categories
- Resource update, Capital raise, Permitting
- Extracted
- 2026-09-24 07:16:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
VRX Silica Limited reported a transformational year with significant progress on its Arrowsmith North silica sand project, including securing State environmental, works, and mining approvals, purchasing the adjacent Arramall farm, and signing binding offtake agreements for 960,000 tonnes per annum. An updated BFS confirmed strong financial outcomes with a post-tax ungeared NPV8 of A$179.2 million. The company also received State Government support for a land swap at its Muchea project, increasing high-grade silica sand volume, and completed several equity capital raises. However, the mineral resource and ore reserve estimates remain unchanged from the previous year, and a silica flour program was paused due to unfavorable economics.
Reasoning: VRX Silica Limited has made significant operational and financial progress for its Arrowsmith North project, securing key approvals, offtakes, and positive BFS results, alongside strategic land and management changes. However, the core resource and reserve figures remain static, and some financial and program challenges were noted.
Positive factors
- State environmental, works, and mining approvals granted for Arrowsmith North
- Purchase of Arramall farm for improved processing facilities and reduced environmental impact
- Binding offtakes secured for 960,000 tonnes of silica sand
- Updated BFS for Arrowsmith North confirms strong financial outcomes (post-tax ungeared NPV8 of A$179.2 million)
- State Government support for Muchea land swap, increasing high-grade silica sand volume
- Successful management succession and board refresh
- Inclusion in Austrade's Critical Minerals Prospectus
- Equity capital raises completed
Negative factors
- Mineral Resource and Ore Reserve estimates are unchanged from the previous year, indicating no growth
- Silica flour program paused due to unfavorable economics, requiring repayment of $266,035 grant
- Capital expenditure for Arrowsmith North increased by $8.3 million
- Offtake conditions precedent need to be met by December 2026 (with extension to April 2027), posing a risk of lapse
- Company incurred a loss of $4,274,798 for the year
Facts used in scoring: 74
Extracted facts
Stored fact records: 74. Some facts used in scoring do not have a stored record.
Resource Estimates (74)
indicatedMuchea · silicaTonnes: 29000000Grade: 99.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ef8c9fb0736cb9ad70a6
Resource Data
- Category
- indicated
- Tonnes
- 29000000
- Grade
- 99.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade indicated resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019.
Positive factors
- High grade silica content
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“99.6”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMuchea · aluminium oxideTonnes: 29000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ef8c9fb0736cb9ad70a6
Resource Data
- Category
- indicated
- Tonnes
- 29000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.1”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMuchea · iron_oreTonnes: 29000000Grade: 0.03Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ef8c9fb0736cb9ad70a6
Resource Data
- Category
- indicated
- Tonnes
- 29000000
- Grade
- 0.03
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.03”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMuchea · titanium dioxideTonnes: 29000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ef8c9fb0736cb9ad70a6
Resource Data
- Category
- indicated
- Tonnes
- 29000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.1”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMuchea · loss on ignitionTonnes: 29000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ef8c9fb0736cb9ad70a6
Resource Data
- Category
- indicated
- Tonnes
- 29000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.2”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMuchea · silicaTonnes: 179000000Grade: 99.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c4dedabe4b2e4c8d9a35
Resource Data
- Category
- inferred
- Tonnes
- 179000000
- Grade
- 99.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade inferred resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019, and the confidence is lower due to the inferred category.
Positive factors
- High grade silica content
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“99.6”
Context: 179
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMuchea · aluminium oxideTonnes: 179000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c4dedabe4b2e4c8d9a35
Resource Data
- Category
- inferred
- Tonnes
- 179000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.1”
Context: 179
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMuchea · iron_oreTonnes: 179000000Grade: 0.02Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c4dedabe4b2e4c8d9a35
Resource Data
- Category
- inferred
- Tonnes
- 179000000
- Grade
- 0.02
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.02”
Context: 179
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMuchea · titanium dioxideTonnes: 179000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c4dedabe4b2e4c8d9a35
Resource Data
- Category
- inferred
- Tonnes
- 179000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.1”
Context: 179
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMuchea · loss on ignitionTonnes: 179000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c4dedabe4b2e4c8d9a35
Resource Data
- Category
- inferred
- Tonnes
- 179000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.2”
Context: 179
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredArrowsmith North · silicaTonnes: 10000000Grade: 95.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:05f8307f62141e5eb0d4
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 95.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high confidence Measured resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High confidence Measured category
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“95.9”
Context: 10
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredArrowsmith North · aluminium oxideTonnes: 10000000Grade: 1.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:05f8307f62141e5eb0d4
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 1.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“1.9”
Context: 10
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredArrowsmith North · iron_oreTonnes: 10000000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:05f8307f62141e5eb0d4
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.7”
Context: 10
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredArrowsmith North · titanium dioxideTonnes: 10000000Grade: 0.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:05f8307f62141e5eb0d4
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 0.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.3”
Context: 10
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredArrowsmith North · loss on ignitionTonnes: 10000000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:05f8307f62141e5eb0d4
Resource Data
- Category
- measured
- Tonnes
- 10000000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.7”
Context: 10
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith North · silicaTonnes: 237000000Grade: 97.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:cb863246b9937e1b81c8
Resource Data
- Category
- indicated
- Tonnes
- 237000000
- Grade
- 97.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a large indicated resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High tonnage indicated resource
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“97.7”
Context: 237
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith North · aluminium oxideTonnes: 237000000Grade: 1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:cb863246b9937e1b81c8
Resource Data
- Category
- indicated
- Tonnes
- 237000000
- Grade
- 1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“1.0”
Context: 237
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith North · iron_oreTonnes: 237000000Grade: 0.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:cb863246b9937e1b81c8
Resource Data
- Category
- indicated
- Tonnes
- 237000000
- Grade
- 0.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.4”
Context: 237
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith North · titanium dioxideTonnes: 237000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:cb863246b9937e1b81c8
Resource Data
- Category
- indicated
- Tonnes
- 237000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.2”
Context: 237
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith North · loss on ignitionTonnes: 237000000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:cb863246b9937e1b81c8
Resource Data
- Category
- indicated
- Tonnes
- 237000000
- Grade
- 0.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.5”
Context: 237
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith North · silicaTonnes: 266000000Grade: 98.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:faf946f144caefc9610a
Resource Data
- Category
- inferred
- Tonnes
- 266000000
- Grade
- 98.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a large inferred resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022, and the confidence is lower due to the inferred category.
Positive factors
- High tonnage inferred resource
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is in the Inferred category, which is speculative
Evidence · table
“98.4”
Context: 266
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith North · aluminium oxideTonnes: 266000000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:faf946f144caefc9610a
Resource Data
- Category
- inferred
- Tonnes
- 266000000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.7”
Context: 266
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith North · iron_oreTonnes: 266000000Grade: 0.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:faf946f144caefc9610a
Resource Data
- Category
- inferred
- Tonnes
- 266000000
- Grade
- 0.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.3”
Context: 266
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith North · titanium dioxideTonnes: 266000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:faf946f144caefc9610a
Resource Data
- Category
- inferred
- Tonnes
- 266000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.2”
Context: 266
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith North · loss on ignitionTonnes: 266000000Grade: 0.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:faf946f144caefc9610a
Resource Data
- Category
- inferred
- Tonnes
- 266000000
- Grade
- 0.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.4”
Context: 266
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Brand · silicaTonnes: 523000000Grade: 97.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Brand
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:009a9c1b1fd5cdbb7421
Resource Data
- Category
- inferred
- Tonnes
- 523000000
- Grade
- 97.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-09T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a very large inferred resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2023, and the confidence is lower due to being entirely in the inferred category.
Positive factors
- Very large tonnage inferred resource
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2023)
- Resource is 100% Inferred, which is speculative
Evidence · table
“97.3”
Context: 523
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Brand · aluminium oxideTonnes: 523000000Grade: 1.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Brand
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:009a9c1b1fd5cdbb7421
Resource Data
- Category
- inferred
- Tonnes
- 523000000
- Grade
- 1.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-09T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2023)
- Resource is 100% Inferred, which is speculative
Evidence · table
“1.4”
Context: 523
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Brand · iron_oreTonnes: 523000000Grade: 0.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Brand
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:009a9c1b1fd5cdbb7421
Resource Data
- Category
- inferred
- Tonnes
- 523000000
- Grade
- 0.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-09T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2023)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.4”
Context: 523
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Brand · titanium dioxideTonnes: 523000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Brand
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:009a9c1b1fd5cdbb7421
Resource Data
- Category
- inferred
- Tonnes
- 523000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-09T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2023)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.2”
Context: 523
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Brand · loss on ignitionTonnes: 523000000Grade: 0.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Brand
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:009a9c1b1fd5cdbb7421
Resource Data
- Category
- inferred
- Tonnes
- 523000000
- Grade
- 0.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-05-09T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2023)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.6”
Context: 523
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith Central · silicaTonnes: 28200000Grade: 96.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ad532dfb91f6cf6229cd
Resource Data
- Category
- indicated
- Tonnes
- 28200000
- Grade
- 96.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an indicated resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019.
Positive factors
- Indicated resource category
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“96.6”
Context: 28.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith Central · aluminium oxideTonnes: 28200000Grade: 1.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ad532dfb91f6cf6229cd
Resource Data
- Category
- indicated
- Tonnes
- 28200000
- Grade
- 1.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“1.7”
Context: 28.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith Central · iron_oreTonnes: 28200000Grade: 0.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ad532dfb91f6cf6229cd
Resource Data
- Category
- indicated
- Tonnes
- 28200000
- Grade
- 0.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.4”
Context: 28.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith Central · titanium dioxideTonnes: 28200000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ad532dfb91f6cf6229cd
Resource Data
- Category
- indicated
- Tonnes
- 28200000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.2”
Context: 28.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedArrowsmith Central · loss on ignitionTonnes: 28200000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:ad532dfb91f6cf6229cd
Resource Data
- Category
- indicated
- Tonnes
- 28200000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.7”
Context: 28.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Central · silicaTonnes: 48300000Grade: 96.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:0cf9192df66906fae5fd
Resource Data
- Category
- inferred
- Tonnes
- 48300000
- Grade
- 96.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an inferred resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019, and the confidence is lower due to the inferred category.
Positive factors
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“96.9”
Context: 48.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Central · aluminium oxideTonnes: 48300000Grade: 1.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:0cf9192df66906fae5fd
Resource Data
- Category
- inferred
- Tonnes
- 48300000
- Grade
- 1.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“1.5”
Context: 48.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Central · iron_oreTonnes: 48300000Grade: 0.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:0cf9192df66906fae5fd
Resource Data
- Category
- inferred
- Tonnes
- 48300000
- Grade
- 0.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.4”
Context: 48.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Central · titanium dioxideTonnes: 48300000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:0cf9192df66906fae5fd
Resource Data
- Category
- inferred
- Tonnes
- 48300000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.2”
Context: 48.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArrowsmith Central · loss on ignitionTonnes: 48300000Grade: 0.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith Central
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:0cf9192df66906fae5fd
Resource Data
- Category
- inferred
- Tonnes
- 48300000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-09-17T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
- Resource is in the Inferred category, which is speculative
Evidence · table
“0.7”
Context: 48.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBoyatup · silicaTonnes: 60000000Grade: 97.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Boyatup
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:129471b44ebe4dff22ac
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 97.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-08-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an inferred resource for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022, and the confidence is lower due to being entirely in the inferred category.
Positive factors
- JORC compliant estimate
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is 100% Inferred, which is speculative
Evidence · table
“97.8”
Context: 60
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBoyatup · aluminium oxideTonnes: 60000000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Boyatup
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:129471b44ebe4dff22ac
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-08-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.8”
Context: 60
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBoyatup · iron_oreTonnes: 60000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Boyatup
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:129471b44ebe4dff22ac
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-08-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.2”
Context: 60
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBoyatup · titanium dioxideTonnes: 60000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Boyatup
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:129471b44ebe4dff22ac
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-08-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.1”
Context: 60
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBoyatup · loss on ignitionTonnes: 60000000Grade: 0.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Boyatup
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:129471b44ebe4dff22ac
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-08-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the resource, and the estimate is a re-statement of historical data with lower confidence due to being entirely in the inferred category.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
- Resource is 100% Inferred, which is speculative
Evidence · table
“0.9”
Context: 60
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · silicaTonnes: 10200000Grade: 99.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c2d83b592c4fcfbb11df
Resource Data
- Category
- probable
- Tonnes
- 10200000
- Grade
- 99.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade probable reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019.
Positive factors
- High grade silica content
- JORC compliant estimate
- Probable Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“99.9”
Context: 10.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · aluminium oxideTonnes: 10200000Grade: 0.02Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c2d83b592c4fcfbb11df
Resource Data
- Category
- probable
- Tonnes
- 10200000
- Grade
- 0.02
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.02”
Context: 10.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · iron_oreTonnes: 10200000Grade: 0.008Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c2d83b592c4fcfbb11df
Resource Data
- Category
- probable
- Tonnes
- 10200000
- Grade
- 0.008
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.008”
Context: 10.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · titanium dioxideTonnes: 10200000Grade: 0.03Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c2d83b592c4fcfbb11df
Resource Data
- Category
- probable
- Tonnes
- 10200000
- Grade
- 0.03
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.03”
Context: 10.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · loss on ignitionTonnes: 10200000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:c2d83b592c4fcfbb11df
Resource Data
- Category
- probable
- Tonnes
- 10200000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.1”
Context: 10.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · silicaTonnes: 4250000Grade: 99.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9000e27a73d5a1127b59
Resource Data
- Category
- probable
- Tonnes
- 4250000
- Grade
- 99.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade probable reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2019.
Positive factors
- High grade silica content
- JORC compliant estimate
- Probable Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“99.8”
Context: 4.25
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · aluminium oxideTonnes: 4250000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9000e27a73d5a1127b59
Resource Data
- Category
- probable
- Tonnes
- 4250000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.07”
Context: 4.25
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · iron_oreTonnes: 4250000Grade: 0.015Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9000e27a73d5a1127b59
Resource Data
- Category
- probable
- Tonnes
- 4250000
- Grade
- 0.015
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.015”
Context: 4.25
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · titanium dioxideTonnes: 4250000Grade: 0.035Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9000e27a73d5a1127b59
Resource Data
- Category
- probable
- Tonnes
- 4250000
- Grade
- 0.035
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.035”
Context: 4.25
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMuchea · loss on ignitionTonnes: 4250000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muchea
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9000e27a73d5a1127b59
Resource Data
- Category
- probable
- Tonnes
- 4250000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-10-18T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2019)
Evidence · table
“0.1”
Context: 4.25
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · silicaTonnes: 800000Grade: 99.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:8a664fc9dd3c0aa9a54d
Resource Data
- Category
- proven
- Tonnes
- 800000
- Grade
- 99.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade proved reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High grade silica content
- JORC compliant estimate
- Proved Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“99.5”
Context: 0.8
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · aluminium oxideTonnes: 800000Grade: 0.25Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:8a664fc9dd3c0aa9a54d
Resource Data
- Category
- proven
- Tonnes
- 800000
- Grade
- 0.25
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.25”
Context: 0.8
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · iron_oreTonnes: 800000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:8a664fc9dd3c0aa9a54d
Resource Data
- Category
- proven
- Tonnes
- 800000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.07”
Context: 0.8
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · titanium dioxideTonnes: 800000Grade: 0.05Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:8a664fc9dd3c0aa9a54d
Resource Data
- Category
- proven
- Tonnes
- 800000
- Grade
- 0.05
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.05”
Context: 0.8
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · loss on ignitionTonnes: 800000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:8a664fc9dd3c0aa9a54d
Resource Data
- Category
- proven
- Tonnes
- 800000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.1”
Context: 0.8
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · silicaTonnes: 3900000Grade: 99.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9a56273ed4d70028921e
Resource Data
- Category
- proven
- Tonnes
- 3900000
- Grade
- 99.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade proved reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High grade silica content
- JORC compliant estimate
- Proved Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“99.5”
Context: 3.9
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · aluminium oxideTonnes: 3900000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9a56273ed4d70028921e
Resource Data
- Category
- proven
- Tonnes
- 3900000
- Grade
- 0.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.5”
Context: 3.9
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · iron_oreTonnes: 3900000Grade: 0.06Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9a56273ed4d70028921e
Resource Data
- Category
- proven
- Tonnes
- 3900000
- Grade
- 0.06
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.06”
Context: 3.9
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · titanium dioxideTonnes: 3900000Grade: 0.05Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9a56273ed4d70028921e
Resource Data
- Category
- proven
- Tonnes
- 3900000
- Grade
- 0.05
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.05”
Context: 3.9
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · loss on ignitionTonnes: 3900000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:9a56273ed4d70028921e
Resource Data
- Category
- proven
- Tonnes
- 3900000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.1”
Context: 3.9
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · silicaTonnes: 2700000Grade: 99.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:903bffd411b79ab98d53
Resource Data
- Category
- proven
- Tonnes
- 2700000
- Grade
- 99.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade proved reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High grade silica content
- JORC compliant estimate
- Proved Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“99.2”
Context: 2.7
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · aluminium oxideTonnes: 2700000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:903bffd411b79ab98d53
Resource Data
- Category
- proven
- Tonnes
- 2700000
- Grade
- 0.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.5”
Context: 2.7
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · iron_oreTonnes: 2700000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:903bffd411b79ab98d53
Resource Data
- Category
- proven
- Tonnes
- 2700000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.1”
Context: 2.7
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · titanium dioxideTonnes: 2700000Grade: 0.05Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:903bffd411b79ab98d53
Resource Data
- Category
- proven
- Tonnes
- 2700000
- Grade
- 0.05
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.05”
Context: 2.7
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenArrowsmith North · loss on ignitionTonnes: 2700000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- loss on ignition
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:903bffd411b79ab98d53
Resource Data
- Category
- proven
- Tonnes
- 2700000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.1”
Context: 2.7
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableArrowsmith North · silicaTonnes: 24200000Grade: 99.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- silica
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:80fc758c1c795892bcd9
Resource Data
- Category
- probable
- Tonnes
- 24200000
- Grade
- 99.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a high-grade probable reserve for silica, but its novelty is low as it is a re-statement of a historical estimate from 2022.
Positive factors
- High grade silica content
- JORC compliant estimate
- Probable Reserve classification
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“99.5”
Context: 24.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableArrowsmith North · aluminium oxideTonnes: 24200000Grade: 0.25Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- aluminium oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:80fc758c1c795892bcd9
Resource Data
- Category
- probable
- Tonnes
- 24200000
- Grade
- 0.25
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.25”
Context: 24.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableArrowsmith North · iron_oreTonnes: 24200000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:80fc758c1c795892bcd9
Resource Data
- Category
- probable
- Tonnes
- 24200000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.07”
Context: 24.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableArrowsmith North · titanium dioxideTonnes: 24200000Grade: 0.05Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Arrowsmith North
- Commodity
- titanium dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VRX
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- David Reid, David Williams, Grant Louw, Andrew Scogings, Steven Hoban, Quinton de Klerk
- Resource group id
- resource:80fc758c1c795892bcd9
Resource Data
- Category
- probable
- Tonnes
- 24200000
- Grade
- 0.05
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-11T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a minor component of the reserve, and the estimate is a re-statement of historical data.
Negative factors
- Estimate is unchanged from previous year
- Estimate is historical (from 2022)
Evidence · table
“0.05”
Context: 24.2
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.