THE BOURSE WHISPERER: Ventnor Resources (ASX: VRX) recommenced trading as it announced its future development program for the company’s Arrowsmith and Muchea silica sand projects in Western Australia.
“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,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.
“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, testwork programs and infill drilling programs.”
Ventnor has completed environmental desktop studies of both Arrowsmith and Muchea, which has informed the basis for detailed flora, vegetation and fauna studies to be conducted during the coming Spring months and that will also support a referral to the relevant environmental authorities prior to field studies for a Mining Proposal.
It has also conducted preliminary testwork programs that have shown the deposits at Arrowsmith can be upgraded to glassmaking silica sand requirements.
Further testwork is underway, which will enable announcement of final products and finalisation of the proposed processing circuit design.
Ventnor has completed sufficient drilling to allow a JORC-2012 Mineral Resource estimation at each of the projects following the completion of QA/QC assaying and review.