A bankable feasibility study (BFS) into the Muchea silica sands project, in Western Australia, has estimated that the project would require a capital investment of A$32.82-million to support a two-million tonne a year operation.
ASX-listed VRX Silica on Friday announced that based on the targeted production rate of 48.3-million tonnes over the initial 25-year mine life, the Muchea project would generate a post tax net present value of A$337.9-million and earnings before interest and tax of A$1.54-billion.