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.