Proactiveinvestors Australia VRX Silica Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia VRX Silica Ltd RSS feed en Thu, 27 Jun 2019 12:16:47 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - VRX Silica upgrades Muchea resource to 208 million tonnes; further drilling planned ]]> https://www.proactiveinvestors.com.au/companies/news/222189/vrx-silica-upgrades-muchea-resource-to-208-million-tonnes-further-drilling-planned-222189.html VRX Silica Ltd (ASX:VRX) has revealed an upgraded silica resource for its Muchea Silica Sand Project in WA following the receipt of assay results from a drill program undertaken in March 2019.

The JORC 2012 resource for the Muchea Silica Sand Project has been upgraded to 208 million tonnes at 99.6% silica comprising an indicated resource of 29 million tonnes at 99.6% silica and an inferred resource of 179 million tonnes at 99.6% silica.

Muchea silica sand resource as at June 2019

VRX managing director Bruce Maluish said: “This drill program is over an area of 217 hectares, which is still only a small portion of the 2,900 hectares Mining Lease Application area.

“Test work indicates that high-grade silica sand can be produced from Muchea for which there is strong demand for glassmaking in Asia.

“With low variability of results over the resource area our expectation is that the majority of the indicated resource will convert to probable reserves in our impending BFS.”

Muchea Project schematic geology map showing resource area based on type of drilling 

Metallurgical test work to-date has also demonstrated that a section of sand in the resource, previously discounted due to logged discoloration, can be beneficiated to high-grade silica sand products via conventional washing and screening methods.

Future drilling and estimations will include this zone of sand which is expected to significantly add to the resource inventory.

READ: VRX Silica directors participate in $2.26 million capital raising

A more extensive program of work (PoW) has been lodged to enable an aircore drill program over areas that have been previously hand augered.

Drilling is planned for the September quarter 2019.

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Mon, 17 Jun 2019 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222189/vrx-silica-upgrades-muchea-resource-to-208-million-tonnes-further-drilling-planned-222189.html
<![CDATA[News - VRX Silica directors participate in $2.26 million capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/221505/vrx-silica-directors-participate-in-226-million-capital-raising-221505.html VRX Silica Ltd (ASX:VRX) directors have demonstrated their confidence in the company’s silica sands strategy through participation in a share placement which raised about $2.26 million.

Participation by the directors was approved by shareholders at a general meeting on May 30, 2019.

Non-executive director Peter Pawlowitsch acquired 3,333,333 shares at 6 cents each and now holds more than 24.841 million shares.

READ: VRX Silica has top shelf resources and infrastructure: Hartleys

Managing director Bruce Maluish acquired 500,000 shares in the placement and now holds in excess of 11.81 million.

The company’s non-executive chairman Paul Boyatzis acquired 498,750 shares and now holds 3.48 million.

READ: VRX Silica attracts $2.26 million to advance silica sand projects

Funds raised under the placement to professional and sophisticated investors will be allocated to completion of feasibility studies and progression of environmental approvals and mining lease applications at the Arrowsmith and Muchea silica sand projects in WA.

Of the placement, Maluish said: “We are delighted with the strong support received for the placement from a wide range of investors.

“The placement positions VRX to continue to rapidly progress both the Arrowsmith and Muchea silica sand projects.

“Near-term activity includes an updated JORC resource following the completion of our recent drilling program and the release of a bankable feasibility study, targeted to be completed in the early part of the September quarter 2019.”

READ: VRX Silica achieves high recoveries from its silica sand process plant design

The company’s test work recently confirmed high recoveries of commercial silica sand products from the projects.

Three iterations of test work have taken place, with the final iteration completed in March 2019 by CDE Global, a test work laboratory and process plant fabricator based in Northern Ireland.

VRX has since completed confirmation assays on final products from that test work through Nagrom Laboratories in Perth, WA.

A process circuit design, engineering and cost estimate has been prepared by CDE Global for a plant which was based on this test work and the final determination of recoveries is based on this circuit design.

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Wed, 05 Jun 2019 08:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221505/vrx-silica-directors-participate-in-226-million-capital-raising-221505.html
<![CDATA[News - VRX Silica has top shelf resources and infrastructure: Hartleys ]]> https://www.proactiveinvestors.com.au/companies/news/221187/vrx-silica-has-top-shelf-resources-and-infrastructure-hartleys-221187.html VRX Silica Ltd (ASX:VRX) is seeking to meet the growing demand for high quality silica sand driven by renewable energy and energy conservation themes.

Silica sand is used in glass manufacture and as a component in foundry moulds.

The company is aiming to establish silica sand export operations at Muchea near Perth in Western Australia.

Perth-based broker Hartleys has initiated coverage on VRX with a speculative buy recommendation and a 12-month price target of 18 cents per share. Following is an extract from their report:

Top shelf resources, infrastructure

The company estimates resources of 413Mt at 98.7% SiO2 in 3 project areas, including 191Mt at 99.6% SiO2 at Muchea near Perth.

Resource boundaries are contiguous over up to 5km east-west and up to 20km north-south, averaging 10m thickness from surface.

The projects will have convenient access to existing rail to port transport routes. VRX proposes building processing plant and export capabilities at each of Arrowsmith and Muchea capable of exporting up to 2Mtpa at each location.

The pre-production capital cost of each project is estimated at A$25M.

The company intends to finalise bankable feasibility studies for three projects (Arrowsmith North, Arrowsmith Central and Muchea) in the September 2019 Quarter.

Low-iron silica sand - getting scarce and in demand

About 31Mt of silica sand and quartz were consumed by China for plate glassmaking in 2018.

Significantly for VRX, among other factors, a boom in solar panel manufacturing has led to an apparent shortage of low-iron silica sand needed to make low-iron plate glass.

From a near zero base earlier this decade, Chinese solar panel manufacturing consumed about 3Mt of low iron silica sand and quartz in 2018.

High quality silica sand sources in the region have been strained as a result. Regional supplies developed to meet the new demand have run into environmental limitations, land use competition and depletion.

In recent years Australian silica sand exports have approached 3Mtpa, comprising 2Mtpa from Cape Flattery in Queensland and 1Mtpa from a handful of operations in WA.

WA’s silica sand exports have doubled since 2015. All existing Australian export operations are foreign owned.

In April 2019, in response to distribution of its product range, VRX received letters of interest from 20 potential Asian customers for 1.7Mtpa and 0.9Mtpa, glass quality and foundry quality silica sand respectively.

Hartleys assumes glass grade sand from Arrowsmith and Muchea will account for about 70% of combined Muchea and Arrowsmith annual revenue, and that low-iron glass grade silica sand from Muchea will make up about 40% of combined revenue.

Looking over the hurdles - Speculative Buy

Subject to significant permitting hurdles still to be negotiated, VRX has the requisite resource quality and infrastructure access to deliver into an apparent breach opening up in the silica sand export trade into Asia.

We have to surmise most aspects (particularly volumes and prices) of this trade, but on balance we think the opportunity is real and substantial.

We initiate with a Speculative Buy recommendation and a 18cps 12-month price target.

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Thu, 30 May 2019 15:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221187/vrx-silica-has-top-shelf-resources-and-infrastructure-hartleys-221187.html
<![CDATA[News - VRX Silica achieves high recoveries from its silica sand process plant design ]]> https://www.proactiveinvestors.com.au/companies/news/219519/vrx-silica-achieves-high-recoveries-from-its-silica-sand-process-plant-design-219519.html VRX Silica Ltd (ASX:VRX) has confirmed high recoveries of commercial silica sand products from its Arrowsmith and Muchea Silica Sand Projects in Western Australia.

The company has now conducted three iterations of its test work, with the final iteration completed in March of this year by CDE Global, a renowned test work laboratory and process plant fabricator based in Northern Ireland.

 

VRX has since completed confirmation assays on final products from that test work through Nagrom Laboratories in Perth, WA.

Based on the test work and process circuit mass balance data, the following table summarises the recovered products:

VRX has released a process circuit design, engineering and cost estimate by CDE Global for a plant which was based on this test work and the final determination of recoveries is based on this circuit design, which included the attritioning step being conducted twice.

Attritioning is a high energy interaction of grains rubbing on grains which liberates attached fine particles and reduces particle size by breakage on corners and grain boundaries.

This reduces contaminants and improves particle shape.

VRX managing director Bruce Maluish said: “We are now confident in the process circuit design and the final silica sand products capable of production, which have been compiled into our products catalogue.

“We will continue to distribute our catalogue and gauge the response, which to-date has been extremely positive.”

READ: VRX Silica attracts $2.26 million to advance silica sand projects

VRX has had strong interest for potential offtake of silica sand products from the Asian region.

Importantly, the recoveries achieved are of products which will comply with the requirements from interested customers to date.

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Thu, 02 May 2019 11:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219519/vrx-silica-achieves-high-recoveries-from-its-silica-sand-process-plant-design-219519.html
<![CDATA[Media files - VRX Silica well placed to tap Asia-Pacific glass and silica demand ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13033/vrx-silica-well-placed-to-tap-asia-pacific-glass-and-silica-demand-13033.html Wed, 17 Apr 2019 00:20:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13033/vrx-silica-well-placed-to-tap-asia-pacific-glass-and-silica-demand-13033.html <![CDATA[News - VRX Silica fields strong Asia-Pacific interest in silica sand products ]]> https://www.proactiveinvestors.com.au/companies/news/218638/vrx-silica-fields-strong-asia-pacific-interest-in-silica-sand-products-218638.html VRX Silica Ltd (ASX:VRX) has fielded strong interest from manufacturers across the Asia-Pacific region for the purchase of products from its silica sands projects north of Perth in WA.

Enquiries and expressions of interest have been received from 20 manufacturers in the region with potential annual silica sand sales identified to date of more than 1.6 million tonnes for glassmaking.

There is also almost 900,000 tonnes sought for the foundry industry.

READ: VRX Silica attracts $2.26 million to advance silica sand projects

The tonnages and quality of products sought are capable of production from the company’s two Arrowsmith projects and the Muchea project.

VRX Silica managing director Bruce Maluish said: “We are encouraged by the strong interest for silica sand products from our Arrowsmith and Muchea projects.”

He said the fact that this had arisen in the brief time since test work determined product types and the distribution of a Silica Sand Products Catalogue to potential customers across the Asia-Pacific region was also encouraging.

READ: VRX Silica fields cost estimate for processing plant at silica sand projects

The Arrowsmith projects are 270 kilometres north of Perth and the Muchea project is 50 kilometres north of the state capital.

VRX Silica’s engagement with potential customers has been enhanced by the appointment of Yoonil Kim as international sales manager in November 2018 as well as the release in February 2019 of a catalogue.

Mr Kim is a South Korean national with more than 15 years of experience marketing and selling silica sand products to glass manufacturers and foundries across the Asia-Pacific region.

READ: VRX Silica drilling aims to increase and upgrade silica sand resources

The Silica Sand Product Catalogue outlines products capable of production, including two products from each of Arrowsmith and Muchea for the glassmaking industry and four from Arrowsmith for the foundry industry.

The company has received an independent process design, engineering and cost estimate for a processing plant.

Glassmaking enquiries

Enquiries and expressions of interest have been received from manufacturers and purchasing agents for smaller shipments of product for glassmaking from China (3), the Philippines (2), Thailand (2), India, Japan, Korea, Malaysia and Taiwan.

China’s glassmaking industry is the most dominant in the region with more than 270 glassmaking facilities.

The company has also received enquiries and expressions of interest from organisations in the foundry industry in South Korea (5), Japan, the Philippines and Taiwan.

Foundry industry demand

Most demand has been from South Korea, which is the world’s largest foundry market, predominately in the automobile and shipbuilding industries.

VRX Silica will be able to commit to binding offtake agreements following the approval of mining permits at its projects.

Maluish added: “We expect to receive further enquiries for silica sand products and will look to progress this strong interest into binding offtake agreements before committing to funding arrangements for processing plant requirements.”

A bankable feasibility study for the Arrowsmith and Muchea projects is expected in September.

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Tue, 16 Apr 2019 14:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218638/vrx-silica-fields-strong-asia-pacific-interest-in-silica-sand-products-218638.html
<![CDATA[News - VRX Silica attracts $2.26 million to advance silica sand projects ]]> https://www.proactiveinvestors.com.au/companies/news/217701/vrx-silica-attracts-226-million-to-advance-silica-sand-projects-217701.html VRX Silica Ltd (ASX:VRX) has received commitments for a capital raising via a share placement to professional and sophisticated investors to raise about $2.26 million.

VRX directors have committed to subscribe for an aggregate of 4,333,333 shares under the placement, representing about $260,000, subject to shareholder approval.

Funds raised under the placement will be allocated to completion of feasibility studies and progression of environmental approvals and mining lease applications at VRX’s Arrowsmith and Muchea silica sand projects in Western Australia.

 

Managing Director Bruce Maluish said: “We are delighted with the strong support received for the placement from a wide range of investors.

“The placement positions VRX to continue to rapidly progress both the Arrowsmith and Muchea Silica Sand Projects.

“Near term activity includes an updated JORC Resource following the completion of our recent drilling program and the release of a bankable feasibility study, currently targeted to be completed in the early part of the September quarter 2019.”

A portion of the net placement proceeds will be directed towards exploration activities at VRX’s Boyatup Silica Sand Project and Warrawanda High Purity Quartz Project.

READ: VRX Silica drilling aims to increase and upgrade silica sand resources

The company recently started drilling at the North Arrowsmith, Central Arrowsmith and Muchea silica sands projects in Western Australia with the aim of increasing and upgrading resources.

Aircore drilling at the Arrowsmith projects will follow-up initial shallow hand auger drilling and will be closer spaced and deeper than the initial work.

This work is aimed at increasing the tonnage of silica sand and JORC confidence within the mining lease areas.

Assays are expected to be available for new resource estimations within 3-4 weeks after completion of drilling.

READ: VRX Silica fields cost estimate for processing plant at silica sand projects ]]>
Tue, 02 Apr 2019 12:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217701/vrx-silica-attracts-226-million-to-advance-silica-sand-projects-217701.html
<![CDATA[News - VRX Silica in trading halt ahead of capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/217475/vrx-silica-in-trading-halt-ahead-of-capital-raising-announcement-217475.html VRX Silica Ltd (ASX:VRX) has a material announcement about a proposed capital raising pending and has been granted a trading halt by the ASX.

The halt will remain in place until the start of trading on Tuesday, April 2, 2019, or when the announcement is released to the market, whichever occurs earliest.

VRX Silica, which has silica sand projects in Western Australia, last traded at 7 cents on Thursday.

READ: VRX Silica fields cost estimate for processing plant at silica sand projects

This week the company received an independent process design, engineering and cost estimate for a processing plant at its three projects – Arrowsmith North, Arrowsmith Central and Muchea - north of Perth.

Processing test-work, process circuit design and engineering has been undertaken by CDE Global, a leader in the construction of sand mining wet processing plants.

$18 million estimate

CDE Global provided an $18 million estimate for a 2 million tonnes per annum processing plant, which due to its modular nature, is a detailed proposal and accurate to plus 15% in pricing.

VRX Silica estimates costs for the plant feeder, water supply and contingency will increase the total capital cost for a processing plant to about $25 million.

Further test work is also underway to finalise the requirements for the magnetic separation component (WHIMS).

The processing plant is designed to wash, screen and attrition sand as well as remove heavy minerals to create a final product for delivery to customers.

READ: VRX Silica drilling aims to increase and upgrade silica sand resources

Drilling is also underway at the projects with the aim of increasing and upgrading resources while the company intends to finalise bankable feasibility studies in the September 2019 quarter.

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Fri, 29 Mar 2019 12:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217475/vrx-silica-in-trading-halt-ahead-of-capital-raising-announcement-217475.html
<![CDATA[News - VRX Silica fields cost estimate for processing plant at silica sand projects ]]> https://www.proactiveinvestors.com.au/companies/news/217285/vrx-silica-fields-cost-estimate-for-processing-plant-at-silica-sand-projects-217285.html VRX Silica Ltd (ASX:VRX) has received an independent process design, engineering and cost estimate for a processing plant at its three silica sand projects north of Perth.

Processing test-work, process circuit design and engineering has been undertaken by CDE Global, a leader in the construction of sand mining wet processing plants.

The plant design incorporates features to ensure high utilisation and performance with duplicated critical pumps and variable speed drives on all pumps.

READ: VRX Silica drilling aims to increase and upgrade silica sand resources

Test work has confirmed that the plant design to produce a high purity silica sand product suitable for the glassmaking industry is the same for each of VRX’s three projects - Arrowsmith North, Arrowsmith Central and Muchea.

The Arrowsmith projects are 270 kilometres north of Perth while Muchea is just 50 kilometres north of the state capital.

CDE Global has provided the company with an $18 million estimate for a 2 million tonnes per annum processing plant, which due to its modular nature, is a detailed proposal and accurate to plus 15% in pricing.

The following table sets out a summary of this cost estimate:

Three iterations of test work have been carried out on the projects and the attritioning cycle has been demonstrated to be particularly effective in removing impurities from the quartz grains.

The company estimates costs for the plant feeder, water supply and contingency will increase the total capital cost for a processing plant to about $25 million.

Further test work is also underway to finalise the requirements for the magnetic separation component (WHIMS).

The processing plant is designed to wash, screen and attrition sand as well as remove heavy minerals to create a final product for delivery to customers.

Project timelines.

In addition to confirming the processing plant design, VRX continues to assess various options for associated production and shipping requirements at its Arrowsmith North, Arrowsmith Central and Muchea projects with a view to maximising efficiency and minimising costs.

The company intends to finalise bankable feasibility studies for all three projects in the September 2019 quarter.

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Wed, 27 Mar 2019 14:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217285/vrx-silica-fields-cost-estimate-for-processing-plant-at-silica-sand-projects-217285.html
<![CDATA[News - VRX Silica drilling aims to increase and upgrade silica sand resources ]]> https://www.proactiveinvestors.com.au/companies/news/216341/vrx-silica-drilling-aims-to-increase-and-upgrade-silica-sand-resources-216341.html VRX Silica Ltd (ASX:VRX) has begun drilling at the North Arrowsmith, Central Arrowsmith and Muchea silica sands projects in Western Australia with the aim of increasing and upgrading resources.

Aircore drilling at the Arrowsmith projects will follow-up initial shallow hand auger drilling and will be closer spaced and deeper than the initial work.

This work is aimed at increasing the tonnage of silica sand and JORC confidence within the mining lease areas.

The program at Muchea will also be closer spaced than the original aircore drilling and aims to increase the tonnage within the area of indicated resource and the JORC confidence within the area of the recently applied for mining lease.

READ: VRX Silica improves silica gradings to 99.9% at Muchea-Arrowsmith portfolio

A total of 189 holes for 1,726 metres at Arrowsmith and 57 holes at Muchea for 887 metres is planned and will take up to two weeks to complete.

Drilling will be undertaken with a Landcruiser mounted Mantis aircore drill rig which is capable of deeper drill holes than those previously drilled by hand auger.

VRX managing director Bruce Maluish said: “These drill programs follow on from the initial drilling and resource estimates with results from our extensive test work programs justifying our investment to increase these resources and our confidence level to estimate reserves.

“Results from these drill programs will add substantial value to our inventory and confirm our previous assumptions about the extent and quality of our silica sand projects.”

The drilling program is being conducted on existing tracks 

The drilling is underway at the three projects. 

This drilling is planned to extend and upgrade the current dataset that has been used to estimate the company’s silica sand resources as shown below.

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Wed, 13 Mar 2019 15:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216341/vrx-silica-drilling-aims-to-increase-and-upgrade-silica-sand-resources-216341.html
<![CDATA[Media files - VRX Silica MD discusses project development and product catalogue ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12518/vrx-silica-md-discusses-project-development-and-product-catalogue-12518.html Fri, 08 Mar 2019 16:21:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12518/vrx-silica-md-discusses-project-development-and-product-catalogue-12518.html <![CDATA[News - VRX Silica receives high-purity quartz results up to 99.95% at Warrawanda project in WA ]]> https://www.proactiveinvestors.com.au/companies/news/215762/vrx-silica-receives-high-purity-quartz-results-up-to-9995-at-warrawanda-project-in-wa-215762.html VRX Silica Limited (ASX:VRX) has received high-purity quartz (HPQ) results of up to 99.95% silica in rock chip samples at the Warrawanda project south of Newman in WA.

Three outcrops have been sampled and returned outstanding results, showing the potential to produce a high-value, high-purity quartz product.

READ: VRX Silica lodges final silica sand mining lease application for Arrowsmith Central

VRX Silica managing director Bruce Maluish said: “This is potentially yet another product we can supply in the silica market.

“The HPQ market is much smaller and industry-specific than the silica sand market for glassmaking but it is significantly higher value with prices up to US$300 per tonne for crushed and bagged HPQ.”

Recent focus of exploration has been on the quartz hills of the Warrawanda tenements, which rise to 15 metres.

READ: VRX eyes resource expansion for silica sand portfolio in Western Australia

Two hills, WWQ4 and WWQ6, were checked and sampled, along with a quartz vein internal to the WWQ5 ultramafic unit.

The results indicate the quartz in the outcrops is almost pure silica with very little in the way of contaminants.

It is possible to estimate an exploration target for the quartz outcrops that were visited, however, there are other outcrops on the tenements which remain to be further investigated.

The potential quality and grade of these exploration targets are conceptual in nature. There has not been sufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a resource.

Approval to diamond drill these and other quartz targets have been received and the company will conduct a native title heritage survey before drilling begins in the June quarter of 2019.

The diamond drilling program will be designed to test the extent and quality of the deposits after the survey.

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Tue, 05 Mar 2019 12:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215762/vrx-silica-receives-high-purity-quartz-results-up-to-9995-at-warrawanda-project-in-wa-215762.html
<![CDATA[News - VRX Silica improves silica gradings to 99.9% at Muchea-Arrowsmith portfolio ]]> https://www.proactiveinvestors.com.au/companies/news/215264/vrx-silica-improves-silica-gradings-to-999-at-muchea-arrowsmith-portfolio-215264.html VRX Silica Ltd (ASX:VRX) has achieved improved results from test work at its Muchea and Arrowsmith silica sand projects north of Perth in Western Australia, unveiling grades of up to 99.9% silica.

The best result from the latest round of test work for the project was achieved for Muchea project, 50 kilometres from Perth.

Iron (III) oxide levels were less than 80ppm for the sample that delivered a 99.9% silica grading.

READ: VRX Silica lodges final silica sand mining lease application for Arrowsmith Central

Muchea Silica Sand Project has a total indicated and inferred resource of 191 million tonnes at 99.6% silica.

The December mineral resource estimate prepared by CSA Global includes an indicated resource of 19 million tonnes at 99.7% silica.

VRX’s Arrowsmith Silica Sand Project, 270 kilometres north of Perth, consists of Arrowsmith North and Arrowsmith Central and has a 28-million-tonne inferred resource grading 97.7% silica.

Improved test work for Arrowsmith posted today included a 99.7% silica result for Arrowsmith North and 99.6% result for Arrowsmith Central.

Arrowsmith and Muchea projects have mining lease applications pending.

READ: VRX Silica eyes resource expansion for silica sand portfolio in Western Australia

VRX, which changed its name from Ventnor Resources Ltd (ASX:VRX) in December, has also expanded its product catalogue with its latest efforts.

The company’s catalogue now includes high-grade products for ultra-clear glass from Muchea; glassmaking products from Arrowsmith and Muchea; and foundry sand products from Arrowsmith.

VRX managing director Bruce Maluish said: “The results from this test work are a culmination of three iterations during the past year to both determine the optimum products from each of the projects and to contribute to the final circuit design.

“There are two products from each of Arrowsmith and Muchea for the glassmaking industry, and four products from Arrowsmith for the foundry industry.”

VRX has also established a preferred circuit design.

The company hopes process plant engineering efforts will be completed next month as it works with CSA Global.

VRX also hopes to start infill drilling in March.

READ: VRX Silica acquires Boyatup project to complement its substantial silica sand portfolio

West Perth-based VRX picked up another WA project earlier this month to complement its existing offerings.

The Boyatup Silica Sand Project is southeast of Perth and 100 kilometres east of the port town of Esperance.

During a September land survey, VRX personnel found similarities to their Arrowsmith and Muchea tenements, noting Boyatup’s vegetation was low banksia heath that showed pervasive sand coverage over a possible laterite layer.

VRX’s drill program at Boyatup will test a 4,900-hectare area in the centre of the tenement to judge sand coverage and collect bulk test work samples.

The new project has a total expanse of 105.7 square kilometres.

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Mon, 25 Feb 2019 19:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215264/vrx-silica-improves-silica-gradings-to-999-at-muchea-arrowsmith-portfolio-215264.html
<![CDATA[News - VRX Silica lodges final silica sand mining lease application for Arrowsmith Central ]]> https://www.proactiveinvestors.com.au/companies/news/214594/vrx-silica-lodges-final-silica-sand-mining-lease-application-for-arrowsmith-central-214594.html VRX Silica Ltd (ASX:VRX) has lodged its third and final silica sand mining lease application for the Arrowsmith Central prospect within its broader Arrowsmith Silica Sand project near Geraldton, WA.

The MLA70/1392 application includes 96% of the resource of 28 million tonnes at 97.7% silica.

 

Inventory of more than 400 million tonnes

VRX Silica managing director Bruce Maluish said: “This application for a mining lease at Arrowsmith Central is another extensive application of 1,900 hectares and substantially covers the previously identified mineral resource.

“The combined mining lease applications over the company’s Arrowsmith and Muchea silica sand projects now amount to 6,456 hectares with a significant inventory of over 400 million tonnes of silica sand at an average 98.7% silica.

“We expect to increase this with planned drilling deeper than the hand-auger sampling previously undertaken to estimate the resources.”

 

The Arrowsmith Silica Sand Project comprises four granted exploration licences with one exploration licence and three mining lease applications pending.

Initial test work has confirmed that silica sand can be upgraded to glassmaking quality and further work is underway to enable feasibility studies to be completed.

Maluish added: “Drilling on all three mining lease application areas is planned to be undertaken in this March quarter and is expected to increase the confidence and JORC resource status at each project.”

READ: VRX Silica lodges for second mining lease at Muchea project

This is the last of the three mining lease applications that the company is planning to lodge this year to complete its silica sand project applications.

A program of works for infill aircore drilling has been approved by DMIRS, and the Aboriginal Heritage and Ethnographic Survey has been completed over the drill program area.

Maluish concluded: “Environmental baseline surveys have been completed over the application area to support an application for a mining permit this March quarter.”

READ: VRX Silica acquires Boyatup project to complement its substantial silica sand portfolio

The mineral sand explorer also acquired the Boyatup Silica Sand Project, 100 kilometres east of Esperance earlier this month with a first pass drill program designed to determine the final sand quality.

A preferred process circuit design and supply potential product samples will also be forwarded to interested buyers.

VRX Silica personnel noted the similarity to the company’s Arrowsmith and Muchea experience in that the vegetation is low banksia heath, and shows pervasive sand coverage over a possible laterite layer.

- Jessica Cummins

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Wed, 13 Feb 2019 19:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214594/vrx-silica-lodges-final-silica-sand-mining-lease-application-for-arrowsmith-central-214594.html
<![CDATA[News - VRX Silica eyes resource expansion for silica sand portfolio in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/214046/vrx-silica-eyes-resource-expansion-for-silica-sand-portfolio-in-western-australia-214046.html VRX Silica Ltd (ASX:VRX) has two silica sand projects at Arrowsmith and Muchea in Western Australia, which contain a combined silica sand resource of 412 million tonnes.

Furthermore, VRX recently acquired the Boyatup Silica Sand Project located 100 kilometres east of the port town of Esperance from Silatec Pty Ltd.

READ: VRX Silica acquires Boyatup project to complement its substantial silica sand portfolio

In 2019, VRX intends to drill additional infill holes at each of its resource areas to increase confidence, increase the resources and supply additional samples for future bulk test work.

The drill program is expected to commence this quarter.

READ: VRX Silica posts Arrowsmith Central maiden silica resource of 28 million tonnes

In December 2018, VRX posted an independently estimated maiden mineral resource for the Arrowsmith Central prospect within its Arrowsmith Silica Sand Project.

The 28-million-tonne inferred resource grades 97.7% silica and is based on an exploration program of 39 hand-held auger drill holes in a small portion of the tenement area.

The resource area is adequate for initial mining studies and can be increased substantially with future aircore drilling.

Additional drilling is planned this year with VRX recently completing an Aboriginal Heritage survey with representatives of the Southern Yamatji claimant group for a wider-ranging drill program.

The company’s exploration program also provided a bulk sample which was used for the second and third iterations of metallurgical test work.

The testing verified the sand could be beneficiated to glass-making quality.

READ: Ventnor Resources shareholders approve name change to VRX Silica Ltd

An additional test work program is currently underway to further improve the quality of the potential final products for Muchea, Arrowsmith North and Arrowsmith Central.

The results of this work will be followed by a process circuit design and engineering which will allow for capital cost estimates to be generated.

READ: Ventnor Resources reveals maiden JORC resource for Muchea Silica Sands Project

During the December 2018 quarter, VRX posted the maiden resource for its Muchea Silica Sand Project, 50 kilometres north of Perth.

The resource estimate was independently undertaken by CSA Global and found the deposit had a total indicated and inferred resource of 191 million tonnes at 99.6% silica.

This includes an indicated resource of 19 million tonnes at 99.7% silica.

 

VRX managing director Bruce Maluish said that “This maiden mineral resource estimate has confirmed our belief that the Muchea silica sand prospect is a world-class high-grade deposit, which can be processed to supply almost any grade sand for glassmaking in Asia.

“The company will move quickly into detailed engineering and mining studies to support mining proposals for forwarding to relevant government agencies to commence the approvals process.”

READ: VRX Silica fields interest from three Asian companies for silica sand offtake

The company has fielded indicative interest from three different distributors to annually purchase 590,000 tonnes of silica sand from the company’s two Western Australian projects.

Three non-binding letters of intent (LOI) have been received for silica sand offtake from a diverse range of silica sand distributors in the Asia-Pacific region with requirements in three different industries.

All three have long-term associations with the silica sand supply sector in the region, which is VRX Silica’s primary target market.

Maluish said that “The receipt of these three LOIs supports the company’s research that there is significant demand for silica sand products of the type capable of production from the Arrowsmith and Muchea silica sand projects.

“This is a solid foundation for the company’s initial aim of establishing demand for more than 1 million tonnes per annum from each individual project area.”

New project: Boyatup Silica Sand Project

The newly acquired Boyatup Silica Sand Project is located 100 kilometres east of the port town of Esperance and has a total area of 105.7 square kilometres.

Boyatup location

During a due diligence site visit in September 2018, VRX personnel noted the similarity to the company’s Arrowsmith and Muchea experience in that the vegetation is low banksia heath and shows pervasive sand coverage over a possible laterite layer.

A 4.5 metres hand auger hole was sampled which showed the sand to be fine and pale yellow, ending in a stronger laterite layer.

Hand auger sand

VRX’s drill program at Boyatup will test a 4,900 hectares area in the centre of the tenement and is designed to ascertain the sand coverage and gain samples for bulk test work.

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Wed, 06 Feb 2019 15:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214046/vrx-silica-eyes-resource-expansion-for-silica-sand-portfolio-in-western-australia-214046.html
<![CDATA[News - VRX Silica acquires Boyatup project to complement its substantial silica sand portfolio ]]> https://www.proactiveinvestors.com.au/companies/news/213866/vrx-silica-acquires-boyatup-project-to-complement-its-substantial-silica-sand-portfolio-213866.html VRX Silica Ltd (ASX:VRX) has acquired the Boyatup Silica Sand Project in Western Australia from Silatec Pty Ltd.

The project is located 100 kilometres east of the port town of Esperance and has a total area of 105.7 square kilometres.

VRX will issue two million ordinary shares plus $10,000 in full consideration for the acquisition of Boyatup which consists of a single tenement.

Boyatup location

VRX managing director Bruce Maluish said: “The Boyatup deposit is subtlety different to the company’s Arrowsmith and Muchea Silica Sand Projects and can provide yet another option in the product range that the company can market in Asia.”

VRX will conduct a first pass drill program following an Aboriginal heritage study on the granted PoW (Program of Works) drill sites.

The drill program will also provide adequate samples for a preliminary test work program to determine the final sand quality, a preferred process circuit design and supply potential product samples to be forwarded to interested buyers.

READ: VRX Silica posts Arrowsmith Central maiden silica resource of 28 million tonnes

The company and its international marketing manager have now compiled a significant number of potential buyers for glass making and foundry industry raw materials.

The tenement is almost totally covered by vacant crown land (VCL), only a very small section is over farming freehold land which is of no interest.

Project vegetation

During a due diligence site visit in September 2018, VRX personnel noted the similarity to the company’s Arrowsmith and Muchea experience in that the vegetation is low banksia heath, and shows pervasive sand coverage over a possible laterite layer.

A 4.5 metres hand auger hole was sampled which showed the sand to be fine and pale yellow, ending in a stronger laterite layer.

Hand auger sand

VRX’s drill program will test a 4,900 hectares area in the centre of the tenement and is designed to ascertain the sand coverage and gain samples for bulk test work.

Initial spacing will be 1-kilometre x 800 metres which will be adequate for an inferred resource and to get enough samples for test work.

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Mon, 04 Feb 2019 17:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213866/vrx-silica-acquires-boyatup-project-to-complement-its-substantial-silica-sand-portfolio-213866.html
<![CDATA[News - VRX Silica lodges for second mining lease at Muchea Project ]]> https://www.proactiveinvestors.com.au/companies/news/212733/vrx-silica-lodges-for-second-mining-lease-at-muchea-project-212733.html VRX Silica Ltd (ASX:VRX) has lodged an application for its second silica sand mining lease at its Muchea Silica Sand Project located 50 kilometres north of Perth in Western Australia.

The mining lease application includes 92% of the 191 million tonnes at 99.6% silica JORC resource released in November 2018.

Notably, this resources is expected to increase with deeper drilling as opposed to the hand-auger sampling previously undertaken to estimate the resource.

VRX has two silica sand projects in Western Australia and last month it lodged its first mining lease application for its other project, the Arrowsmith Silica Sand Project.

READ: VRX Silica lodges mining lease application for Arrowsmith North prospect

VRX Silica’s managing director Bruce Maluish said: “This application for a mining lease at Muchea is a very extensive application of nearly 3,000 hectares and covers the prospective Resource for very long-term future mining.

“Significant environmental studies have already been undertaken and will be finalised to lodge an application for a mining permit as soon as possible this year.”

A third and final application at Arrowsmith Central is to be lodged imminently to complete the silica sand project applications.

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Thu, 17 Jan 2019 11:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212733/vrx-silica-lodges-for-second-mining-lease-at-muchea-project-212733.html
<![CDATA[News - VRX Silica lodges mining lease application for Arrowsmith North prospect ]]> https://www.proactiveinvestors.com.au/companies/news/211705/vrx-silica-lodges-mining-lease-application-for-arrowsmith-north-prospect-211705.html VRX Silica Ltd (ASX:VRX) has lodged an application for its first silica sand mining lease at its Arrowsmith North prospect, which is contained within its Arrowsmith Silica Sand Project in Western Australia.

The included resource is only a small portion of the total resource of 193.6 million tonnes at 98% silica but is expected to increase with deeper drilling than the hand-auger sampling previously undertaken to estimate the resource.

READ: Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North

VRX Silica managing director Bruce Maluish said: “Arrowsmith North is a prominent substantial dune system that can be mined and processed using conventional well established techniques.

“This Mining Licence application will enable us to apply for a Mining Permit early in the next year.”

This is the first of three mining lease applications that the company will lodge in the short term.

VRX recently revealed that it has received interest from potential offtake partners for silica sand in quantities and grades that can be supplied from the Arrowsmith Silica Sand Project.

READ: VRX Silica fields interest from three Asian companies for silica sand offtake ]]>
Mon, 24 Dec 2018 17:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211705/vrx-silica-lodges-mining-lease-application-for-arrowsmith-north-prospect-211705.html
<![CDATA[News - VRX Silica posts Arrowsmith Central maiden silica resource of 28 million tonnes ]]> https://www.proactiveinvestors.com.au/companies/news/211105/vrx-silica-posts-arrowsmith-central-maiden-silica-resource-of-28-million-tonnes-211105.html VRX Silica Ltd (ASX:VRX) has posted an independently estimated maiden mineral resource for the Arrowsmith Central prospect within its Arrowsmith Silica Sand Project in WA.

The 28-million-tonne inferred resource grades at 97.7% silica and is based on an exploration program of 39 hand-held auger drill holes in a small portion of the tenement area.

The mineral resource was estimated by CSA Global.

 

VRX managing director Bruce Maluish said: “Arrowsmith Central is immediately adjacent to the Eneabba-Geraldton rail line to export bulk products out of Geraldton which offers a unique low capex logistics solution.”

The resource area is adequate for initial mining studies and can be increased substantially with future aircore drilling.

Additional drilling is planned for early 2019 with the company recently completing an Aboriginal Heritage survey with representatives of the Southern Yamatji claimant group for a wider-ranging drill program.

READ: VRX Silica fields interest from three Asian companies for silica sand offtake

The exploration program also provided a bulk sample which was used for the second and third iterations of metallurgical test work.

The testing verified the sand could be beneficiated to glass-making quality.

An additional test work program currently underway is investigating the recovery and quality of products for foundry industry, particularly in Korea.

VRX Silica reveals maiden JORC resource for Muchea Silica Sands Project

VRX recently fielded indicative interest from three different distributors to annually purchase 590,000 tonnes of silica sand from the company’s two WA projects.

Three non-binding letters of intent were received for silica sand offtake from a diverse range of silica sand distributors in the Asia-Pacific region with requirements in three different industries.

All three have long-term associations with the silica sand supply sector in the region, which is VRX’s primary target market.

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Wed, 12 Dec 2018 21:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211105/vrx-silica-posts-arrowsmith-central-maiden-silica-resource-of-28-million-tonnes-211105.html
<![CDATA[News - VRX Silica fields interest from three Asian companies for silica sand offtake ]]> https://www.proactiveinvestors.com.au/companies/news/210922/vrx-silica-fields-interest-from-three-asian-companies-for-silica-sand-offtake-210922.html VRX Silica Ltd (ASX:VRX) has fielded indicative interest from three different distributors to annually purchase 590,000 tonnes of silica sand from the company’s two Western Australian projects.

Three non-binding letters of intent (LOI) have been received for silica sand offtake from a diverse range of silica sand distributors in the Asia-Pacific region with requirements in three different industries.

All three have long-term associations with the silica sand supply sector in the region, which is VRX Silica’s primary target market.

READ: Ventnor Resources shareholders approve name change to VRX Silica Ltd

VRX Silica, formerly Ventnor Resources, is confident from exploration and test work that it can readily meet the specifications and tonnage sought under the LOIs from its Muchea and Arrowsmith projects.

VRX managing director Bruce Maluish said: “The receipt of these three LOIs supports the company’s research that there is significant demand for silica sand products of the type capable of production from the Arrowsmith and Muchea silica sand projects.

“This is a solid foundation for the company’s initial aim of establishing demand for more than 1 million tonnes per annum from each individual project area.”

READ: Ventnor Resources appoints international sales manager to enhance silica sand export plan

LOIs have been received from Si Resources Corporation (SRC) in the Philippines, Dong A Heung-Eop Mining Co Ltd (DAHEM) in South Korea and Shanghai GEEYEAH International Trading Co Ltd (SGI) in China.

Specifications met by Arrowsmith project

SRC is a wholly-owned subsidiary of Rock Energy International Corporation and during the last two decades it has been one of the leading distributors of imported silica sand within the Philippines.

It annually supplies the Philippine glass bottle manufacturing industry with 110,000 tonnes of silica sand as well as other industrial users of silica sand, creating total annual demand of 290,000 tonnes.

SRC’s LOI covers the supply of this tonnage annually from VRX with pricing dependent on final specification.

The specification sought by SRC can be met from the Arrowsmith project production.

DAHEM, of Busan, has been a leading supplier of casting sand to the Korean foundry industry for more than 50 years.

Its’ LOI covers the annual supply of 100,000 tonnes of high purity silica sand with pricing dependent on final specification.

The specification sought can also be met from Arrowsmith production.

Specification met by Muchea project

SGI is in Pudong New District of Shanghai and is a leading supplier of silica sand for more than 15 years to the fibreglass market and more recently to the solar panel cover glass market.

This LOI covers the annual supply of 200,000 tonnes, subject to final price and specification, for a period of five years and the specification sought can be met from Muchea production.

READ: Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North

In early October, VRX announced a maiden inferred mineral resource at Arrowsmith of 193.6 million tonnes of silica sand at 98% SiO2.

Further test work demonstrated this can be upgraded using a simple process circuit to produce glass-grade silica sand.

READ: Ventnor Resources reveals maiden JORC resource for Muchea Silica Sands Project

In November, a maiden JORC-compliant inferred resource was announced at Muchea of 191 million tonnes of silica sand at 99.6% SiO2, including 19 million tonnes at 99.7% SiO2.

Test work had confirmed the potential for a very high-quality product of 99.9% SiO2 with less than 100ppm Fe2O3.

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Tue, 11 Dec 2018 15:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210922/vrx-silica-fields-interest-from-three-asian-companies-for-silica-sand-offtake-210922.html
<![CDATA[News - Ventnor Resources shareholders approve name change to VRX Silica Ltd ]]> https://www.proactiveinvestors.com.au/companies/news/210623/ventnor-resources-shareholders-approve-name-change-to-vrx-silica-ltd-210623.html Ventnor Resources Ltd (ASX:VRX) shareholders have voted in favour of changing the company's name to VRX Silica Ltd as of today.

The company believes the new name better reflects its objective of becoming a large-scale supplier of silica sand to the global market.

The new name of VRX Silica Ltd removes any ambiguity as to the commodity in which the company is specialising and will be easily identified by international customers and potential clients.

READ: Ventnor Resources appoints international sales manager to enhance silica sand export plan

Last month, VRX posted a maiden mineral resource estimate for its Muchea Silica Sand Project, 50 kilometres north of Perth.

The resource estimate was independently undertaken by CSA Global and found the deposit had a total indicated and inferred mineral resource of 191 million tonnes at 99.6% silicon dioxide.

The company is focusing on Asian silica sand markets which have the largest share of global demand and will see growth of around 6% in 2018.

 

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Thu, 06 Dec 2018 13:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210623/ventnor-resources-shareholders-approve-name-change-to-vrx-silica-ltd-210623.html
<![CDATA[News - Ventnor Resources appoints international sales manager to enhance silica sand export plan ]]> https://www.proactiveinvestors.com.au/companies/news/209986/ventnor-resources-appoints-international-sales-manager-to-enhance-silica-sand-export-plan-209986.html Ventnor Resources Ltd (ASX:VRX) has taken another step in its plans to become an exporter of high-quality silica sand by appointing an international sales manager.

The company believes that the appointment of Yoonil Kim will enhance its intention for the primary sales focus area to be the Asia/Pacific region.

Experience in Asian marketing

Mr Kim, who has experience in marketing silica sand, will be based in Kuala Lumpur, Malaysia, from where he can easily service the Asian markets.

He was born in South Korea where he completed his education, including degrees in environmental management systems and international trade.

There have been 15 years spent by Mr Kim in the marketing of silica sand to glass manufacturers and foundries in Korea, Japan, Taiwan, Thailand, Philippines, Malaysia, Cambodia and China.

Ventnor is confident that this experience will position the company well to engage glass manufacturers, paint manufacturers and foundry clients in eastern Asia.

Projects north of Perth

The company has significant silica sand projects north of Perth in Western Australia.

It has four granted exploration licences and one application pending over the Arrowsmith Silica Sand Project, 270 kilometres north of Perth.

There is also one granted exploration licence and one application pending over the Muchea Silica Sand Project, 50 kilometres north of Perth.

READ: Ventnor Resources reveals maiden JORC resource for Muchea Silica Sands Project

The company recently announced a maiden inferred and indicated resource at Muchea of 191 million tonnes at 99.6% silicon dioxide.

Within this is an indicated resource of 19 million tonnes at 99.7% silica.

At the time, managing director Bruce Maluish said: “This maiden mineral resource estimate has confirmed our belief that the Muchea silica sand prospect is a world-class high-grade deposit, which can be processed to supply almost any grade sand for glassmaking in Asia.

“The company will move quickly into detailed engineering and mining studies to support mining proposals for forwarding to relevant government agencies to commence the approvals process.”

READ: Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North

This estimate followed the declaration in early October of a maiden resource of 193.6 million tonnes at 98% silica at the Arrowsmith North prospect within the Arrowsmith project.

Additional drilling planned at Arrowsmith North will use deeper aircore drill holes and is expected to add substantially to the maiden resource.

Initial test work has confirmed that the silica sand at both projects can be upgraded to glassmaking quality.

Further work is underway on both projects to enable feasibility studies to be completed.

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Tue, 27 Nov 2018 15:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209986/ventnor-resources-appoints-international-sales-manager-to-enhance-silica-sand-export-plan-209986.html
<![CDATA[Media files - Ventnor's Muchea project has high tech applications including solar panel glass ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11252/ventnor-s-muchea-project-has-high-tech-applications-including-solar-panel-glass-11252.html Wed, 21 Nov 2018 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11252/ventnor-s-muchea-project-has-high-tech-applications-including-solar-panel-glass-11252.html <![CDATA[News - Ventnor Resources reveals maiden JORC resource for Muchea Silica Sands Project ]]> https://www.proactiveinvestors.com.au/companies/news/209511/ventnor-resources-reveals-maiden-jorc-resource-for-muchea-silica-sands-project-209511.html Ventnor Resources Ltd (ASX:VRX) has posted the maiden mineral resource estimate for its Muchea Silica Sand Project, 50 kilometres north of Perth.

The resource estimate was independently undertaken by CSA Global and found the deposit had a total indicated and inferred mineral resource of 191 million tonnes at 99.6% silicon dioxide.

This includes an indicated resource of 19 million tonnes at 99.7% silica.  

The resource estimate was based on aircore and hand auger drilling conducted by Ventnor as part of its due diligence during the March 2018 quarter, prior to acquiring the project in July.  

 

Ventnor managing director Bruce Maluish said: “This maiden mineral resource estimate has confirmed our belief that the Muchea silica sand prospect is a world-class high-grade deposit, which can be processed to supply almost any grade sand for glassmaking in Asia.

“The company will move quickly into detailed engineering and mining studies to support mining proposals for forwarding to relevant government agencies to commence the approvals process.”

READ: Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North

The area of the inferred mineral resource estimate is predominantly based on shallow hand auger results and has the potential to be deeper with a substantially larger mineral resource.

The company believes that the indicated mineral resource area is adequate for detailed mining studies and closed-spaced drilling can extend the area and tonnage for a potential ore reserve.

Metallurgical test work to date has confirmed the potential of a very high-grade product of over 99.9% silica with less than 100 ppm iron oxide.

A third round of test work with additional grinding is being finalised to determine the final circuit design to produce a high-quality feedstock for ultra-clear glass production.

Test work results are expected in the December quarter and will be followed by engineering studies.

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Mon, 19 Nov 2018 20:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209511/ventnor-resources-reveals-maiden-jorc-resource-for-muchea-silica-sands-project-209511.html
<![CDATA[News - Ventnor Resources enters option agreement for sale of Biranup project ]]> https://www.proactiveinvestors.com.au/companies/news/209245/ventnor-resources-enters-option-agreement-for-sale-of-biranup-project-209245.html Ventnor Resources Ltd (ASX:VRX) has entered into an option agreement which could lead to the sale of its Biranup project in the northern part of the prospective Fraser Range in WA.

An exclusive 3-month option agreement has been secured with Metalicity Ltd (ASX:MCT) to acquire a 40% interest.

READ: Metalicity secures options within preferred terrain for its nickel-copper strategy

Metalicity will pay Ventnor a $20,000 option fee to secure the three-month option and, if exercised, the purchase price for a 40% interest in the project is $500,000 payable in cash or MCT shares.

Ventnor’s shares were up 13% to an intra-day high of 17.5 cents, approaching the 12-month high of 18 cents reached recently.

READ: Ventnor Resources leads ASX gainers with shares up nearly 30% amid ongoing silica sands strategy

If the agreement proceeds, the parties will enter into a farm-in arrangement, whereby Metalicity may earn a further 20% by spending $1 million and another 20% by spending an additional $1 million.

Following this, the parties would form a joint venture to fund the project on a pro-rata basis or the company’s interest to dilute to a net smelter royalty.

READ: Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North

Biranup is prospective for copper-nickel and covers 393 square kilometres in the Biranup zone to the north of the Fraser Range, within 20 kilometres of the Tropicana gold deposit.

It was previously the subject of primarily gold exploration with numerous magmatic nickel-copper and VMS-type copper targets identified which remain untested with modern systematic exploration.

This arrangement forms part of Ventnor’s new strategy, which focuses on silica sands projects.

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Thu, 15 Nov 2018 16:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209245/ventnor-resources-enters-option-agreement-for-sale-of-biranup-project-209245.html
<![CDATA[Media files - Low cost exploration converting to maiden silica resources for Ventnor Resources ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10741/low-cost-exploration-converting-to-maiden-silica-resources-for-ventnor-resources-10741.html Fri, 05 Oct 2018 09:44:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10741/low-cost-exploration-converting-to-maiden-silica-resources-for-ventnor-resources-10741.html <![CDATA[News - Ventnor Resources reveals substantial maiden silica resource at Arrowsmith North ]]> https://www.proactiveinvestors.com.au/companies/news/206143/ventnor-resources-reveals-substantial-maiden-silica-resource-at-arrowsmith-north-206143.html Ventnor Resources Ltd (ASX:VRX) has revealed a maiden inferred resource of 193.6 million tonnes at 98% silica at the Arrowsmith North prospect in Western Australia.

The Arrowsmith North area is a prominent dune system within the company’s Arrowsmith Silica Sand Project that has only been tested with shallow hand auger drilling.

Importantly, the maiden resource is 38% larger than the previous exploration target.

Additional drilling planned at Arrowsmith North will use deeper aircore drill holes and is expected to add substantially to the maiden resource.

Notably, Ventnor’s initial exploration program provided a bulk sample which was used for the second iteration of metallurgical test work and has verified that the sand can be beneficiated to glass making quality.

READ: Ventnor Resources bulk sample testing confirms glass-making quality sand

A further iteration of test work has been commenced by CDE Global using a refined flow sheet to further improve the quality of the potential final products.

The results of this work are expected to be available early in the December 2018 quarter.

Process circuit design and engineering will then follow, allowing for capital cost estimates to be generated before the end of 2018.

READ: Ventnor Resources leads ASX gainers with shares up nearly 30% amid ongoing silica sands strategy

Ventnor managing director Bruce Maluish said: “This estimation confirms our belief that Arrowsmith has the potential to be a very substantial source of silica sand for glassmaking.

“From our test work we have been able to obtain samples of the final products that we can send to prospective customers.

“Coupled with this mineral resource estimate we can accelerate our marketing program for potential sales in Asia.”

 

Ventnor has an approved program of works to infill the Arrowsmith North inferred resource with the intention of upgrading the resource to an Indicated category.

The drill program is expected to commence early in 2019 due to limited drill rig availability and the requirement for native title heritage clearance.

A resource estimate for the company’s Arrowsmith Central prospect is also being planned.

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Tue, 02 Oct 2018 11:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206143/ventnor-resources-reveals-substantial-maiden-silica-resource-at-arrowsmith-north-206143.html
<![CDATA[News - Ventnor Resources leads ASX gainers with shares up nearly 30% amid ongoing silica sands strategy ]]> https://www.proactiveinvestors.com.au/companies/news/206070/ventnor-resources-leads-asx-gainers-with-shares-up-nearly-30-amid-ongoing-silica-sands-strategy-206070.html Ventnor Resources Ltd’s (ASX:VRX) shares have surged almost 30% today to 18 cents, a new 12-month high.

The gain comes off the back of the company’s acquisition last week of the Muchea Silica Sand Project 50 kilometres north of Perth, which resulted in Australia Silica Pty Ltd acquiring a 17.83% interest in Ventnor.

The company has examined the potential of Asian silica sand markets – representing 47% of global demand – and is directing its activities into that sector as a looming shortage of product puts upwards pressure on prices.

 

Ventnor managing director Bruce Maluish said the company had identified an increasing global demand for high-quality silica sand during the year.

He said: “Management [recognised] this significant opportunity [and] took positive steps to apply for and acquire tenements highly-prospective for silica sand.

“An important criterion when consideration was given to suitability of tenements was their location on vacant Crown land and ready access to infrastructure such as railways and ports.

“Silica sand is a strong growth mineral due to the demand by the construction sector where it is used in the manufacture of flat glass for windows.”

READ: Ventnor Resources has new substantial shareholder in Australian Silica with 17.83%, shares surge

Sydney-based consultancy Stratum Resources, which specialises in mineral economics in Asia and Australasia, estimates that the market for silica sand in the Asia-Pacific is forecast to grow to 138 million tonnes a year by the end of 2018.

This represents an increase of around 6% on 2017 demand.

Demand is also growing for specialised plate glass required in double glazing, increasingly used in Asia to reduce energy demands.

New markets for “tech glass”, used in photo-voltaic panels and silicon-metal composite material for high-capacity lithium-ion batteries, are also emerging as potential opportunities for Ventnor.

  READ: Ventnor Resources bulk sample testing confirms glass-making quality sand

Ventnor’s Muchea acquisition complements its existing Arrowsmith Silica Sand Project, where preliminary reconnaissance work has indicated the potential for sand resources suitable for both glass-making and construction, addressing the growing requirements of the Asia-Pacific region.

Bulk samples have been collected from Arrowsmith to determine the most suitable processing circuit.

It is anticipated the bulk sample product will be used for marketing purposes to secure offtake and pricing agreements.

READ: Ventnor Resources bulk sample testing confirms glass-making quality sand

Muchea is a potentially high-grade, high-tonnage silica sand project adjacent to the Brand Highway and a rail connection to Kwinana port for bulk handling.

Two separate conceptual exploration targets have been estimated for two areas within the Muchea project.

A 70-125 million tonne silica sand target grading 98% to 99.5% silica was estimated after 38 aircore holes were drilled.

Drilling of 40 auger holes and 10 aircore holes also produced a 100 to 150 million tonne silica sand target grading 98% to 99.5% silica in another area.

Ventnor has already received enquiries from potential Asian customers as it undertakes a comprehensive test work program to ascertain what product can be produced and marketed from the project.

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Mon, 01 Oct 2018 03:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206070/ventnor-resources-leads-asx-gainers-with-shares-up-nearly-30-amid-ongoing-silica-sands-strategy-206070.html
<![CDATA[News - Ventnor Resources has new substantial shareholder in Australian Silica with 17.83%, shares surge ]]> https://www.proactiveinvestors.com.au/companies/news/205690/ventnor-resources-has-new-substantial-shareholder-in-australian-silica-with-1783-shares-surge-205690.html Ventnor Resources Ltd (ASX:VRX) has a new substantial shareholder with Perth-based Australian Silica Pty Ltd now holding a 17.83% stake in the silica sand focused company.

Australian Silica has received a total of 65 million shares in two transactions in relation to Ventnor's acquisition of the Muchea Silica Sand Project 50 kilometres north of Perth.

READ: Ventnor Resources acquires silica sand project near Perth

This project will complement the 350 square kilometres held at the Arrowsmith Silica Sand Project, located further to the north.

Ventnor is a leading ASX gainer with shares up more than 36% to an intra-day high of 13.5 cents, which is also a new 12-month high. 

Exploration targets

Two separate conceptual exploration targets have been estimated for two areas within the Muchea project.

A 70 to 125 million tonne silica sand target grading 98% to 99.5% silica was estimated after 38 aircore holes were drilled.

Drilling of 40 auger holes and 10 aircore holes also produced a 100 to 150 million tonne silica sand target grading 98% to 99.5% silica in another area.

The potentially high-grade, high-tonnage silica sand project is near highway and rail connecting to Kwinana port for bulk handling.

Ventnor originally secured an option to acquire the project in March 2018 and in July entered into a new agreement to immediately acquire 100%.

Prior to entering into the acquisition agreement, Ventnor acquired Wisecat, the company acquiring the Muchea project, in consideration for 8.33 million shares.

65 million shares issued

A batch of 10 million shares at a deemed price of 6 cents were also issued to the vendor, Australian Silica.

A further 55 million shares at a deemed price of 6 cents and 20 million options exercisable at 10 cents expiring June 30, 2021, were then issued to the vendor after shareholder approval was obtained at a meeting this month.

Ventnor has identified attractive supply-demand market forces for sand used in glass, concrete and tech metal.

Test work to date suggests that both the Muchea and Arrowsmith projects are highly prospective and of potentially significant scale and grade.

READ: Ventnor Resources bulk sample testing confirms glass-making quality sand

The company has recently received positive silica sand bulk sampling test results from the Arrowsmith and Muchea projects.

Samples were taken from Muchea, Arrowsmith North, Arrowsmith Central and Arrowsmith South.

The results have confirmed that the projects can produce the sought-after product for glassmaking.

Results from this work will also support an upcoming JORC-compliant resource estimate for Arrowsmith North deposit.

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Wed, 26 Sep 2018 08:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205690/ventnor-resources-has-new-substantial-shareholder-in-australian-silica-with-1783-shares-surge-205690.html
<![CDATA[News - Ventnor Resources bulk sample testing confirms glass-making quality sand ]]> https://www.proactiveinvestors.com.au/companies/news/205280/ventnor-resources-bulk-sample-testing-confirms-glass-making-quality-sand-205280.html Ventnor Resources Ltd (ASX:VRX) has received positive bulk sampling test results from its flagship Arrowsmith and Muchea silica sands projects north of Perth.

The samples were taken from Muchea, Arrowsmith North, Arrowsmith Central, and Arrowsmith South.

Importantly, the results have confirmed that the projects can produce sought-after product for glassmaking.

Ventnor’s managing director Bruce Maluish said: “These test work results not only confirm our expectations for glassmaking quality sand at Arrowsmith and higher-quality sand at Muchea but also justify a further iteration of test work to investigate the potential for even higher-grade and higher-value products.”

READ: Ventnor Resources entire board boost their stake with share purchases

Results from the bulk sampling test work will also support the upcoming JORC resource estimate for the Arrowsmith North deposit expected later this month.

Earlier today the company’s entire board revealed they had purchased shares in the company as part of the recent capital raising.

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Thu, 20 Sep 2018 13:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205280/ventnor-resources-bulk-sample-testing-confirms-glass-making-quality-sand-205280.html
<![CDATA[News - Ventnor Resources entire board boost their stake with share purchases ]]> https://www.proactiveinvestors.com.au/companies/news/205267/ventnor-resources-entire-board-boost-their-stake-with-share-purchases-205267.html Ventnor Resources Ltd (ASX:VRX) has had all three of its board members increase their stake in the company as a result of participation in the recent capital raising.

This includes non-executive chairman Paul Boyatzis, managing director Bruce Maluish, and non-executive director Peter Pawlowitsch.

Pawlowitsch purchased 2 million shares for $120,000 increasing his stake to 21.5 million shares.

Maluish purchased 1 million shares for $60,000 increasing his stake to 12.3 million shares, and Paul Boyatzil purchased 450,000 shares for $27,000 increasing his stake to 2.9 million shares.

READ: Ventnor Resources samples glass-making standard silica sand at Arrowsmith

The directors received shareholder approval last week as required for their participation in the two-tranche placement that raised $2.4 million in total.

The company is focused on its Arrowsmith and Muchea silica sands projects north of Perth.

Maiden JORC resource expected soon

Sufficient drilling has been undertaken to allow a JORC-compliant resource estimate to be compiled at each of the projects.

The maiden JORC resource estimate for the Arrowsmith deposit is expected as early as this month.

The company has also conducted preliminary test work programs which indicate that the deposits at Arrowsmith can be upgraded to glass-making silica sand requirements.

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Thu, 20 Sep 2018 08:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205267/ventnor-resources-entire-board-boost-their-stake-with-share-purchases-205267.html
<![CDATA[News - Ventnor Resources samples glass-making standard silica sand at Arrowsmith ]]> https://www.proactiveinvestors.com.au/companies/news/203836/ventnor-resources-samples-glass-making-standard-silica-sand-at-arrowsmith-203836.html Ventnor Resources Ltd (ASX:VRX) has received results from its auger drill program at the Arrowsmith Silica Sand Project located 270 kilometres north of Perth.

The 123-hole program provided a bulk sample for test work from which preliminary results indicate the sand is of glassmaking standard.

READ: Ventnor Resources continues to make progress at Arrowsmith Silica Sand Project

Ventnor’s managing director Bruce Maluish said: “The results of the preliminary test work are very encouraging as they achieve the desired glassmaking standard of 99.5% silicon dioxide.

“Initial results have supported the decision to undertake further iterations of testwork with additional attritioning and magnetic separation to achieve even higher quality products.

“Final test work products enable marketing and to support a JORC-2012 compliant Mineral Resource estimation.”

Maiden JORC resource expected in September 2018

The maiden JORC resource estimate for the Arrowsmith deposit is expected next month.

The test work program, which is ongoing, will also produce sufficient quantities of products to enable samples to be sent to prospective customers.

Notably, Ventnor has already received a number of enquiries from potential Asian customers.

Exploration Target estimated

Based on these results the company has developed Exploration Targets for the Arrowsmith North and Arrowsmith Central areas within the project.

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Thu, 30 Aug 2018 11:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203836/ventnor-resources-samples-glass-making-standard-silica-sand-at-arrowsmith-203836.html
<![CDATA[News - Ventnor Resources continues to make progress at Arrowsmith Silica Sand Project ]]> https://www.proactiveinvestors.com.au/companies/news/202909/ventnor-resources-continues-to-make-progress-at-arrowsmith-silica-sand-project-202909.html Ventnor Resources Ltd (ASX:VRX) has been granted a program of work (PoW) for exploration on both Arrowsmith North and Arrowsmith Central prospects at the Arrowsmith Silica Sand Project in Western Australia.

Drilling will commence in September subject to the ground drying out in compliance with Ventnor’s Dieback Management Plan.

This plan, which has been accepted by DMIRS (Department of Mines, Industry and Safety) and added to the tenement conditions for the PoW areas, requires drilling to be undertaken in dry conditions.

 

CSA Global has been engaged to estimate a JORC-2012 compliant maiden resource for the Arrowsmith North and Central areas, utilising the existing hand auger data.

Ventnor expects this to be estimated to an inferred level of confidence and completed in the current calendar quarter.

The company has conducted preliminary test work programs that indicate the deposits at the Arrowsmith Project can be upgraded to glassmaking silica sand requirements.

A further iteration of test work is underway, which will facilitate the determination of final products and finalisation of the proposed processing circuit design.

READ: Ventnor Resources acquires silica sand project near Perth

Ventnor managing director Bruce Maluish said: “The approved POW now allows us to undertake drilling programs targeting a JORC-2012 compliant mineral resource to an indicated category.

“In addition to the mineral resource estimations, drilling, assays and a third iteration of test work are expected to be completed before the end of the year and will all contribute to a near term feasibility study on the Arrowsmith Silica Sand Project.”

Maluish will present at this month's Proactive Investors CEO Sessions.

Register today to find out more.

Sydney details, Monday, August 20, 2018

Melbourne details, Tuesday, August 21, 2018

Or call John Phillips on (02) 9280 0700

The Proactive CEO Sessions will feature five presenting companies in total.

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Wed, 15 Aug 2018 12:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202909/ventnor-resources-continues-to-make-progress-at-arrowsmith-silica-sand-project-202909.html
<![CDATA[News - Ventnor Resources gains new substantial shareholders via $1+ million issue ]]> https://www.proactiveinvestors.com.au/companies/news/202343/ventnor-resources-gains-new-substantial-shareholders-via-1-million-issue-202343.html Ventnor Resources Ltd (ASX:VRX) has gained new substantial shareholders via the issue of ordinary shares worth about $1.2 million, representing a 6.74% voting interest in the company.

The shares issue relates to the acquisition of the Muchea Silica Sand Project in Western Australia, following a deal signed in March 2018.

READ: Ventnor Resources sets sight on high-grade silica sand project in Western Australia

Ventnor was recently reinstated to official ASX quotation and the company is now focused on the Arrowsmith and Muchea silica sands projects north of Perth.

Sufficient drilling has been undertaken to allow a JORC-compliant resource estimate to be compiled at each of the projects.

The company has also conducted preliminary test work programs which indicate that the deposits at Arrowsmith can be upgraded to glass-making silica sand requirements.

 

Ventnor managing director Bruce Maluish will present at this month's Proactive Investors CEO Sessions to outline the company’s future development program.

Register today to find out more.

Sydney details, Monday, August 20, 2018 Melbourne details, Tuesday, August 21, 2018

Or call John Phillips on (02) 9280 0700

The Proactive CEO Sessions will feature five presenting companies in total.

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Tue, 07 Aug 2018 16:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202343/ventnor-resources-gains-new-substantial-shareholders-via-1-million-issue-202343.html
<![CDATA[Media files - Ventnor Resources back on the ASX with new focus on WA silica sands projects ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10034/ventnor-resources-back-on-the-asx-with-new-focus-on-wa-silica-sands-projects-10034.html Mon, 06 Aug 2018 09:02:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10034/ventnor-resources-back-on-the-asx-with-new-focus-on-wa-silica-sands-projects-10034.html <![CDATA[News - Ventnor Resources’ Bruce Maluish to outline silica sands strategy at Proactive's CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/202166/ventnor-resources-bruce-maluish-to-outline-silica-sands-strategy-at-proactive-s-ceo-sessions-202166.html 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.

READ: Ventnor Resources reinstated to ASX trading, up 17%

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.

Register today to find out more.

Sydney details, Monday, August 20, 2018

Melbourne details, Tuesday, August 21, 2018

Or call John Phillips on (02) 9280 0700

The Proactive CEO Sessions will feature five presenting companies in total.

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Fri, 03 Aug 2018 14:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202166/ventnor-resources-bruce-maluish-to-outline-silica-sands-strategy-at-proactive-s-ceo-sessions-202166.html
<![CDATA[News - Ventnor Resources reinstated to ASX trading, up 17% ]]> https://www.proactiveinvestors.com.au/companies/news/202051/ventnor-resources-reinstated-to-asx-trading-up-17-202051.html Ventnor Resources Ltd (ASX:VRX) has been reinstated to official quotation on the ASX this morning, with shares trading up 17% to 7.9 cents early on.

The company has also taken the opportunity to outline its future development program for its Arrowsmith and Muchea silica sands projects both located north of Perth in Western Australia.

The 93 square kilometre Muchea project was only recently acquired and will complement the 350 square kilometre Arrowsmith project.

READ: Ventnor Resources acquires silica sand project near Perth

Ventnor’s managing director Bruce Maluish said: “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.”

Resource estimations to be completed

Notably, sufficient drilling has been undertaken to allow a JORC compliant resource estimate to be compiled at each of the projects.

Environmental studies starting in Spring

Furthermore, Ventnor has undertaken environmental desktop studies of both Arrowsmith and Muchea which will feed into detailed flora, vegetation and fauna studies to be conducted during the coming Spring months.

They will also support a referral to the relevant environmental authorities prior to field studies for a mining proposal.

Metallurgical test work underway

Ventnor has also conducted preliminary test work programs which indicate that the deposits at Arrowsmith can be upgraded to glassmaking silica sand requirements.

A further iteration of test work is underway, which will enable announcement of final products and the finalisation of the proposed processing circuit design.

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Thu, 02 Aug 2018 10:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202051/ventnor-resources-reinstated-to-asx-trading-up-17-202051.html
<![CDATA[News - Ventnor Resources acquires silica sand project near Perth ]]> https://www.proactiveinvestors.com.au/companies/news/201865/ventnor-resources-acquires-silica-sand-project-near-perth-201865.html Ventnor Resources Ltd (ASX:VRX) has entered into a new agreement to immediately acquire 100% of the Muchea Silica Sand Project 50 kilometres north of Perth, Western Australia.

Notably, the potentially high-grade, high-tonnage silica sand project is near highway and a rail connecting to Kwinana port for bulk handling.

Ventnor originally secured an option to acquire the project in March 2018.

READ: Ventnor Resources sets sight on high-grade silica sand project in Western Australia

Ventnor has also received firm commitments to raise $2.4 million in a share placement to professional and sophisticated investors priced at 6 cents per share.

Significantly, directors of the company have elected to subscribe for $207,000 of the shares, subject to shareholder approval.

Focus on silica sand, builds silica sand portfolio

The Muchea Project will complement the 350 square kilometres held at the Arrowsmith Silica Sand Project, located further north of Perth.

READ: Ventnor Resources granted additional tenement prospective for silica sand

Ventnor has identified attractive supply-demand market forces for sand used in glass, concrete and tech metal.

Prior mining activities such as river dredging have caused environmental damage and coastal mining operations are becoming more difficult due to residential development and conservation.

Test work to date suggests that both the Muchea and Arrowsmith projects are highly prospective and of potentially significant scale and grade.

Exploration Target estimated for Muchea

Two separate conceptual Exploration Targets have been estimated for two areas within the Muchea Project.

37 aircore holes produced a 70 to 125 million tonne silica sand target grading 98% to 99.5% silica.

40 auger holes and 10 aircore holes produced a 100 to 150 million tonne silica sand target grading 98% to 99.5% silica.

Shares and options to be issued for acquisition

Prior to entering into the acquisition agreement, Ventnor acquired Wisecat, the company acquiring the Muchea Project, in consideration for 8.33 million shares.

10 million shares at a deemed price of 6 cents will be issued to the Muchea Project vendor.

A further 55 million shares at a deemed price of 6 cents and 20 million options exercisable at 10 cents expiring 30 June 2021 will be issued to the project vendor pending shareholder approval.

The shareholder meeting aims to be held on 10 September 2018.

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Tue, 31 Jul 2018 08:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201865/ventnor-resources-acquires-silica-sand-project-near-perth-201865.html
<![CDATA[News - Ventnor Resources granted additional tenement prospective for silica sand ]]> https://www.proactiveinvestors.com.au/companies/news/199370/ventnor-resources-granted-additional-tenement-prospective-for-silica-sand-199370.html Ventnor Resources Ltd (ASX:VRX) has added to its Western Australian silica sand assets after being granted an additional tenement at the Arrowsmith project.

The new tenement comprises 56 blocks and covers the Arrowsmith North project area.

READ: Ventnor Resources granted first two Arrowsmith Silica Sands Project tenements

Ventnor was also recently granted two contiguous exploration licences covering the Arrowsmith Central and Arrowsmith South areas.

With Arrowsmith North, the company now has a total granted area at Arrowsmith, which is around 270 kilometres north of Perth, of 114 blocks or about 360 square kilometres.

Managing director Bruce Maluish said: “This tenement grant adds to our Arrowsmith silica sand project holdings.

“Our expectation for Arrowsmith North is the same as for Arrowsmith Central, which we see as having the potential for a significant silica sand resource.

“This is immediately adjacent to Brand Highway and a rail connection to Geraldton Port, suitable for bulk handling.”

  Program of work to be lodged

Ventnor intends to lodge a program of work for exploration approval in the area to enable a JORC-compliant resource drilling program to be undertaken following the approval.

The Arrowsmith area potentially has low environmental impact mining propositions with rehabilitation techniques well established in the nearby mineral sands industry.

An application for the final tenement in the area is expected to be granted in the September 2018 quarter.

The company continues to have positive consultation with the ASX to progress its proposed transaction for the Muchea Silica Sand Project, just to the north of Perth.

In this regard, it is working on an updated timetable aimed at the re-quotation of its shares as soon as possible.

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Fri, 22 Jun 2018 16:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199370/ventnor-resources-granted-additional-tenement-prospective-for-silica-sand-199370.html
<![CDATA[Media files - Ventnor Resources poised to fill looming silica sand supply shortfall ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9086/ventnor-resources-poised-to-fill-looming-silica-sand-supply-shortfall-9086.html Wed, 18 Apr 2018 14:47:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9086/ventnor-resources-poised-to-fill-looming-silica-sand-supply-shortfall-9086.html <![CDATA[News - Ventnor Resources granted first two Arrowsmith Silica Sands Project tenements ]]> https://www.proactiveinvestors.com.au/companies/news/194808/ventnor-resources-granted-first-two-arrowsmith-silica-sands-project-tenements-194808.html Ventnor Resources Ltd (ASX:VRX) has been granted the first two exploration licences at its Arrowsmith Silica Sands Project, 270 kilometres north of Perth, Western Australia.

The two granted tenements comprise the Arrowsmith Central and Arrowsmith South prospects (combined area of 167 square kilometres) which form part of the Arrowsmith Silica Sand Project area.

Ventnor managing director Bruce Maluish said: “This area is to the south of our Arrowsmith North project where we have encountered glassmaking quality sands.

“Our expectation is the same in the Arrowsmith Central area which we see having the potential for a significant silica sand resource immediately adjacent to Brand Highway and a rail connection to Geraldton Port, suitable for bulk handling.”

Map of the project area

Ventnor has a further two contiguous exploration licence applications pending, including the Arrowsmith North prospect. These are expected to be granted in May.

READ: Ventnor Resources’ due diligence points to large high-grade silica sand resource

Ventnor will lodge a Program of Work (PoW) for exploration approval in the area to enable a resource drilling program to be undertaken in the September 2018 quarter.

The Arrowsmith area potentially has low environmental impact mining propositions along with well-established rehabilitation techniques in the nearby mineral sands industry.

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Thu, 12 Apr 2018 12:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194808/ventnor-resources-granted-first-two-arrowsmith-silica-sands-project-tenements-194808.html
<![CDATA[News - Ventnor Resources’ due diligence points to large high-grade silica sand resource ]]> https://www.proactiveinvestors.com.au/companies/news/194295/ventnor-resources-due-diligence-points-to-large-high-grade-silica-sand-resource-194295.html Ventnor Resources Ltd’s (ASX:VRX) initial due diligence confirms that the Muchea project in Western Australia has potential to host a large silica sand resource.

The work, including aircore and hand auger drilling, supports the company’s decision to secure an option to acquire the tenement from Australian Silica Pty Ltd.

Due diligence results have demonstrated high grades of silica sand at the project 50 kilometres north of Perth.

READ: Ventnor Resources sets sight on high-grade silica sand project in Western Australia

Managing director Bruce Maluish said: “As part of our due diligence, we have commenced a comprehensive test work program.”

This work will ascertain what products can be produced and marketed from the project and will also support preparation of a JORC-2012 compliant mineral resource.

Samples for prospective customers

Test work “will also produce sufficient quantities of products to enable samples to be sent to prospective customers”.

“The company has already received a number of enquiries from potential Asian customers,” Maluish said.

Ventnor’s initial due diligence comprised the sampling of the site, drilling of 46 aircore holes and 43 hand auger holes to obtain near-surface samples.

This covered an area of more than 3,400 hectares and the average intercept grade was 99.5% silicon dioxide.

Exploration targets developed

Based on the results, Ventnor has developed an exploration target of 70 million to 125 million tonnes of silica sand at a grade in excess of 99.5% for the aircore drill area.

Within the auger drill area, the exploration target is 100 million to 150 million tonnes of silica sand at the same grade, which is a critical grade for glassmaking quality sand.

A schematic section of the silica sand exploration target.

The managing director said: “As part of its due diligence the company undertook an environmental desktop study.

“This will also support a referral to the relevant environmental authorities prior to field studies for a mining proposal.”

Option to acquire tenement

In March, Ventnor secured from Australian Silica an option to acquire the exploration tenement in the Muchea area.

The project is strategically located adjacent to the Brand Highway and a rail connection to Kwinana port for bulk handling.

READ: Ventnor Resources testing reveals high-value sand

Silica sand has supported human progress throughout history as it has been a key raw material in industrial development, especially in the glass, metal casting and ceramics industries.

Globally, silica sand is a strong growth mineral due to the demand by the construction sector, wherein its use in the manufacture of flat glass for windows is constant.

Greater growth is being felt in the Asian market, particularly China where there is a massive glass manufacturing expansion.

Ventnor intends to take advantage of this environment with the Muchea project and its existing Arrowsmith Silica Sand Project.

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Thu, 05 Apr 2018 14:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194295/ventnor-resources-due-diligence-points-to-large-high-grade-silica-sand-resource-194295.html
<![CDATA[News - Ventnor Resources sets sight on high-grade silica sand project in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/193756/ventnor-resources-sets-sight-on-high-grade-silica-sand-project-in-western-australia-193756.html Ventnor Resources Ltd (ASX:VRX) has secured an option to acquire a potentially high-grade, high tonnage silica sand project near Muchea, 50 kilometres north of Perth in Western Australia.

READ: Ventnor Resources testing reveals high-value sand

The Muchea Silica Sand Project is strategically located adjacent to Brand Highway and a rail connection to Kwinana port for bulk handling.

Importantly, Ventnor has undertaken a due diligence review which confirmed the potential of the project.

Samples returned grades averaging +99.8% silicon dioxide

Ventnor’s initial due diligence has comprised the sampling of the site, drilling of 46 air core (AC) holes and a further 44 hand auger holes to obtain near surface samples.

Intitial results indicate a high purity silica sand project with samples returning +99.8% silicon dioxide over an area of more than 3,400 hectares.

In addition, a bulk sample of 250 kilograms has been dispatched to a specialist laboratory to finalise the recoveries of silica sand products and potential values.

Silica sand market fuelled by demand from the construction sector

Silica sand has supported human progress throughout history, being a key raw material in industrial development, especially in the glass, metal casting and ceramics industries.

Globally, silica sand is a strong growth mineral due to the demand by the construction sector, wherein its use in the manufacture of flat glass for windows is constant.

Greater growth is being felt in the Asian market, particularly China where there is a massive glass manufacturing expansion.

Muchea will complement Arrowsmith Silica Sand Project

Ventnor intends to take advantage of this environment with both the Muchea Silica Sand Project and the company’s existing and complementary Arrowsmith Silica Sand Project.

The company will acquire high resolution data to determine the topographic surface at the Muchea project to finalise accurate auger and AC drill hole collar coordinates.

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Mon, 26 Mar 2018 17:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193756/ventnor-resources-sets-sight-on-high-grade-silica-sand-project-in-western-australia-193756.html
<![CDATA[News - Ventnor Resources testing reveals high-value sand ]]> https://www.proactiveinvestors.com.au/companies/news/190797/ventnor-resources-testing-reveals-high-value-sand-190797.html Ventnor Resources Ltd (ASX:VRX) has received results from initial test work at its Arrowsmith Silica Sands Project located 270 kilometres north of Perth, Western Australia.

Results confirm that processing to upgrade the sand to glassmaking quality will have a low-capital intensity, low technical risk and requires no processing chemicals.

Bruce Maluish, managing director, said: “This initial program demonstrates that the Arrowsmith sand can easily achieve glassmaking quality and potentially a much higher quality and valuable product using conventional sand processing techniques.

“Further testwork will be undertaken to determine final circuit design and products.”

Project is close to bulk-handling infrastructure

The Arrowsmith project consists of four exploration license applications covering 400 square kilometres.

The project is adjacent to Brand Highway and a rail connection to Geraldton Port, suitable for bulk handling.

Further testing to investigate higher value potential

Lab results from the December sampling program remain pending and are expected next month.

Further test work programs will be undertaken to investigate processing options to higher quality and higher value products.

Positively, the Arrowsmith area potentially has low environmental impact mining propositions.

Cars and energy-saving glass driving demand

Ventnor is aware of increasing demand for glass in Asia and the looming supply shortage.

Asian demand is increasing for energy efficient double glazing glass and for applications within the expanding automobile industry in China and India.

Furthermore, the demand for sand is increasing due to burgeoning concrete construction programs in Asia.

Supply deficits in Asia are driven by reducing access to coastal and river deposits, depletion of known deposits and restrictions due to environmental regulation.

It is worth noting that preliminary reconnaissance work on the Arrowsmith Project indicates substantial potential for sand resources suitable for both glass making and construction.

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Tue, 30 Jan 2018 15:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190797/ventnor-resources-testing-reveals-high-value-sand-190797.html
<![CDATA[News - Ventnor Resources' 63% share spike attracts ASX speeding ticket ]]> https://www.proactiveinvestors.com.au/companies/news/186902/ventnor-resources-63-share-spike-attracts-asx-speeding-ticket-186902.html Ventnor Resources Ltd's (ASX:VRX) shares have been on a tear, hitting $0.026 intra-day yesterday, or 63% higher than the lows a day before.

In response to an ASX Price Query, Ventnor noted it was not aware of any reason to explain the recent trading activity.

Ventnor is proposing a demerger and in-specie distribution of shares in Delgare Pty Ltd as outlined in the short form prospectus on the 27th October 2017.

The company has also recently leveraged itself to the silica sand sector, which is predicted to have a supply deficit in Asia in the near-term.

Ventnor's Arrowsmith is located 270 kilometres from Perth in Western Australia, and during the June quarter the company applied for three exploration licenses covering 350 square kilometres of holding with sand prospects.

Arrowsmith could address dwindling sand supply in the Asia-Pacific region used in glass manufacturing, concrete construction and as a tech metal.

Ventnor has also been assessing other silica and construction sand prospects to complement Arrowsmith.

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Wed, 08 Nov 2017 08:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186902/ventnor-resources-63-share-spike-attracts-asx-speeding-ticket-186902.html
<![CDATA[News - Ventnor Resources moves into silica sand project in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/185467/ventnor-resources-moves-into-silica-sand-project-in-western-australia-185467.html Ventnor Resources Ltd (ASX:VRX) has applied for three exploration licenses north of Eneabba, Western Australia, to explore for construction sand and high-quality silica sand.

The targeted silica sand deposits at the Arrowsmith Silica Sand Project are the aeolian sand dunes that overlie the region which host the Eneabba heavy mineral deposits.

Ventnor’s shares were trading 6.25% higher intra-day, at $0.017.

Worldwide demand is increasing for high purity silica sand in the production of photo voltaic panels and silicon-metal composite material for lithium-ion batteries.

Ventnor’s exploration target for Arrowsmith North is 100 to 140 million tonnes of high-quality silica sand and 40 to 80 million tonnes of high-quality silica sand for Arrowsmith South.

Silica sand demand

Arrowsmith could address dwindling sand supply in the Asia-Pacific region used in glass manufacturing, concrete construction and as a tech metal.

Supply deficits are due to Asian regional governments acknowledging sand as a strategic resource.

The demand for sand is increasing for infrastructure-construction programs utilising concrete in Asia - particularly China, India and Vietnam - putting pressure on supplies and consequently, on prices.

Significantly, preliminary reconnaissance work on the Arrowsmith Project indicates substantial potential for sand resources suitable for both glass making and construction.

Arrowsmith is traversed by the Eneabba-Geraldton rail line, which provides direct access to the ship-loading facilities at the Geraldton Port facilitating a unique logistics solution.

High-purity sand

Initial sampling by Ventnor indicates that the dune sand located on the Arrowsmith tenements can be upgraded by conventional techniques, to provide a high-grade purity of 99.5% silica.

Importantly, the dune sand contains only nominal amounts of benign deleterious minerals.

Mineralogical analysis is currently underway to determine the deleterious minerals that remain in the +0.212 mm and -1 mm size fraction.

Depending on this determination, testwork will determine the best methodology to remove these minerals from the silica sand grains.

A deeper hand-auger program will be undertaken in the next few months to better determine the variability of the sand quality through the dune system.

An aircore drilling program is proposed to determine the extent of the dune system and the variability of the grade, to be undertaken early 2018 when granting of the tenements is anticipated.

Bulk samples will be collected to undertake further metallurgical testwork and determine the most suitable processing circuit.

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Thu, 12 Oct 2017 13:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185467/ventnor-resources-moves-into-silica-sand-project-in-western-australia-185467.html
<![CDATA[News - Ventnor Resources to reveal assays from Dragon in June ]]> https://www.proactiveinvestors.com.au/companies/news/176880/ventnor-resources-to-reveal-assays-from-dragon-in-june-176880.html Ventnor Resources (ASX:VRX) is set to increase exploration news flow across three highly prospective prospects, located within the Biranup Project area, in Western Australia.

The drilling program has commenced and will include a 26 hole reverse circulation program covering 2200 metres, along with four diamond holes covering 640 metres.

Adding to the potential Ventnor recently confirmed an intersection with sulphides at Fire Dragon.

Grades of up to 9.7% sulphur, 230 ppm cobalt, 845 ppm copper, 5.0% magnesium and 317 ppm nickel were assayed in the hole.


Drilling program

- Fire Dragon: Two diamond drillholes to test high grade cobalt and silver mineralisation;

- Red Dragon: 14 reverse circulation holes are planned over untested historic
aircore gold geochem anomalies and two diamond drillholes to follow up previous high grade results; and

- Black Dragon: Two reverse circulation holes are planned to follow up the intersection of; 5 metres at 3.57g/t gold.


Timeline to assays

Drilling commenced last weekend and is expected to take about a fortnight, with assays to follow the finalisation of drilling by 3 to 4 weeks.

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Wed, 26 Apr 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176880/ventnor-resources-to-reveal-assays-from-dragon-in-june-176880.html
<![CDATA[News - Ventnor Resources hits sulphides at Fire Dragon prospect ]]> https://www.proactiveinvestors.com.au/companies/news/176419/ventnor-resources-hits-sulphides-at-fire-dragon-prospect-176419.html Ventnor Resources (ASX:VRX) has confirmed an intersection with sulphides at its Fire Dragon prospect in the Biranup Project area located 370 kilometres north-east of Kalgoorlie, Western Australia.

Diamond drill hole FDD001 was completed to 397 metres and intersected a number of sulphidic zones between 214 and 239 metres depth.

This zone is coincident with the interpreted conductor from the recent ground and downhole electromagnetic surveys that have been completed.

Bruce Maluish, managing director, commented: “The drilling to date was targeted on an interpreted conductor plate following the surface and downhole geophysical surveys.

“Further drilling is warranted and planned for later this month.”


FDD001 drill hole results

The intersected sulphidic zone between 214 and 239 metres is coincident with the interpreted conductor from the recently completed ground and down hole electromagnetic surveys.

The sulphides intersected are typically pyrrhotite, are structurally controlled and associated with strong carbonate alteration, with up to 30% sulphides observed.

Grades of up to 9.7% sulphur, 230 ppm cobalt, 845 ppm copper, 5.0% magnesium and 317 ppm nickel were assayed in the hole.

Ventnor is encouraged by these results that have confirmed it is within a hydrothermal system which is highly prospective for base metals occurrences.


Upcoming drilling

Additional diamond drilling is planned to commence later this month, which will be undertaken in conjunction with other programs in the area.

Ventnor expects assay results to be available in the June quarter, following logging and cutting of core.

The holes will also be cased with PVC to allow for a downhole electromagnetic survey to be undertaken.


Background

Ventnor is focused on three projects in Western Australia:

- Biranup Project;
- Warrawanda nickel project; and
- Thaduna / Green Dragon Project (Sandfire earning 100%).

Ventnor was granted its flagship Biranup Project in 2016, which is prospective for gold and base metals.

Recent exploration at Biranup has focused on the Fire Dragon and Silver Dragon prospects.

Fire Dragon is a priority exploration target identified in a large airborne electromagnetic survey.

Silver Dragon is a copper-nickel target generated from magnetic data and geochemical assays.

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Thu, 13 Apr 2017 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176419/ventnor-resources-hits-sulphides-at-fire-dragon-prospect-176419.html
<![CDATA[News - Ventnor Resources to diamond drill silver-cobalt anomaly ]]> https://www.proactiveinvestors.com.au/companies/news/175487/ventnor-resources-to-diamond-drill-silver-cobalt-anomaly-175487.html Ventnor Resources (ASX:VRX) is gearing up to drill two diamond holes at the Fire Dragon prospect in the Biranup Project area, following up on an historic bedrock multi-element assay.

The prospect is located 370 kilometres north-east of Kalgoorlie in Western Australia.

Highlighting the prospectivity of the anomaly, a previous assay yielded 0.32% cobalt and 28.7g/t silver.

The drilling is expected to commence in April 2017 and will be undertaken in conjunction with other programs in the area.

Bruce Maluish, managing director, commented:

"The drill target has been determined by examining historic drillhole assays at the Fire Dragon prospect.

"The bedrock assay was from a bottom-of-hole regional drilling program and the target is planned to intersect the top of a structure that has been interpreted from recent drilling in the area."


Analysis

The drill target is in close proximity to the recent drill program at the Fire Dragon conductor, which has been used to determine the orientation of the targeted structure.

Results are expected in the June quarter.

Ventnor had $2 million in cash at the end of 2016, and with a market cap circa $4 million, the company is leveraged to exploration success.

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Tue, 28 Mar 2017 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175487/ventnor-resources-to-diamond-drill-silver-cobalt-anomaly-175487.html
<![CDATA[News - Ventnor Resources identifies nickel sulphide target ]]> https://www.proactiveinvestors.com.au/companies/news/174656/ventnor-resources-identifies-nickel-sulphide-target-174656.html Ventnor Resources (ASX:VRX) has identified a conductor after completing down-hole electromagnetics at its Warrawanda nickel project located 40 kilometres from Newman, Western Australia.

The down-hole electromagnetics (DHEM) followed an evaluation of the diamond core and other supporting geophysical surveys, which indicated a subtle bedrock conductor.

Further work will include another program of soil geochemistry and ground electromagnetic above the conductor interpreted from the DHEM.

Bruce Maluish, managing director, commented: “The re-evaluation of data at the Warrawanda nickel prospect has generated a new zone that will be evaluated to focus a further drill campaign.

“Warrawanda has not been a priority exploration area for Ventnor since acquiring the Biranup Project north of Tropicana. This latest work has once again made this area a compelling exploration target for sulphide nickel”


Warrawanda

Warrawanda is a 17 kilometre long ultramafic unit, which Ventnor believes may host a significant sulphide nickel deposit.

The exploration work that has been undertaken to identify sulphide nickel is as follows:

- SkyTEM airborne electromagnetic survey;
- Drilling of 18 reverse circulation (RC) holes for 2,859 metres;
- Field mapping, soil geochemistry and gossan sampling;
- Hymap spectral mapping;
- Review of the GSWA 2013 Capricorn AEM TEMPEST survey;
- Fixed loop electromagnetic (FLEM) surveys;
- Diamond drill tail of 2011 RC hole to 400 metres; and
- Down hole electromagnetic (DHEM) survey of the extended hole.


Further work

Exploration activities that are planned to be completed by the end of the June quarter include:

- On ground, geochemical and rock chip sampling; and
- Ground based electromagnetic survey.

If this work is successful in identifying a strong conductor, follow up diamond drilling will also be completed during the quarter.


Background

Ventnor is focused on three projects in Western Australia:

- Biranup Project;
- Warrawanda nickel project; and
- Thaduna / Green Dragon Project (Sandfire earning 100%).

Ventnor was granted its flagship Biranup Project in 2016, which is prospective for gold and base metals.

Recent exploration at Biranup has focused on the Fire Dragon and Silver Dragon prospects.

Fire Dragon is a priority exploration target identified in a large airborne electromagnetic survey.

Silver Dragon is a copper-nickel target generated from magnetic data and geochemical assays.

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Mon, 13 Mar 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174656/ventnor-resources-identifies-nickel-sulphide-target-174656.html