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Metalicity drops option to earn 80% stake in VRX's Biranup gold project

VRX Silica Ltd. said March 13 that Metalicity Ltd. decided not to progress its option agreement over the Biranup gold project in Western Australia.

Metalicity signed an option deal in November 2018 to acquire up to an 80% stake in Biranup through staged cash and share payments.

VRX said it will seek new opportunities for a joint venture to further explore the project.