Proactive Investors - Run By Investors For Investors

Ventnor Resources shareholders approve name change to VRX Silica Ltd

The company is developing its Arrowsmith and Muchea silica sands projects.
Location map with silica sands projects marked
The ASX ticker code VRX will remain the same

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.

 

View full VRX profile View Profile

VRX Silica Ltd Timeline

Related Articles

1533880895_Artemis-Super-Deep_Hole.jpg
August 10 2018
The company owns the only processing plant in the Karratha region and is exploring for gold, cobalt, copper and platinum.
graphite
January 18 2018
NextSource Materials Inc (TSE:NEXT) (OTCQB:NSRCF) may just be the best graphite company few investors know of.
1530095749_shutterstock_102742847.jpg
June 27 2018
Metalla's royalty portfolio looks set to grow and grow

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use