Ventnor Resources’ (ASX:VRX) has been reinstated to official ASX quotation and managing director Bruce Maluish will present at this month's Proactive Investors CEO Sessions.
The reinstatement this week has been supported by the company’s new focus on silica sands through two pre-development projects in Western Australia.
Investors also responded well with the company trading up 17% to 7.9 cents on Thursday, the first day of new trading.
At the CEO Sessions on August 20 and 21, Maluish will outline Ventnor’s future development program for the Arrowsmith and Muchea silica sands projects north of Perth.
“Poised to rapidly develop” projects
He said this week: “It has been a long and drawn out process to position the company into the silica sand industry with the potential now to develop substantial silica sand resources.
“We appreciate the understanding and patience of our shareholders and we are poised to rapidly develop these projects.
“During this time, we have been able to plan our development program and are ready to implement environmental studies, resources estimations, test work programs and infill drilling programs.”
Drilling has been undertaken
Sufficient drilling has been undertaken to allow a JORC-compliant resource estimate to be compiled at each of the projects.
The company has also undertaken environmental desktop studies which will feed into detailed flora, vegetation and fauna studies during spring.
Preliminary test work
Ventnor has also conducted preliminary test work programs which indicate that the deposits at Arrowsmith can be upgraded to glassmaking silica sand requirements.
Further test work is underway, which will enable announcement of final products and finalisation of the proposed processing circuit design.
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Or call John Phillips on (02) 9280 0700
The Proactive CEO Sessions will feature five presenting companies in total.