Silica Sands Projects Future Development Program
2 August 2018
ASX ANNOUNCEMENT
Silica Sand Projects
Future Development Program
Highlights:
•
Resource Estimations to be completed
•
Environmental studies starting in the Spring
•
Metallurgical testwork underway
Ventnor Resources Limited (Ventnor or Company) (ASX: VRX) is
pleased to announce the future development program for our
Arrowsmith (Arrowsmith) and Muchea (Muchea) Silica Sand
Projects.
As announced to ASX on 30 July 2018, the Company has acquired
from Australian Silica Pty Ltd (AS) the tenement E70/4886
(Tenement), which with the adjacent license application ELA
70/5157, forms the Muchea Project located 50km north of Perth,
Western Australia and covers an area of 93km2.
This acquisition complements our Arrowsmith Project, which
comprises 3 granted exploration licenses and one application
covering a total area of approximately 350 km2.
The Arrowsmith Project is broken down into 3 smaller project areas,
namely Arrowsmith North, Central and South
Ventnor 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, testwork programs and infill drilling programs.”
The Company has undertaken 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.
The Company has conducted preliminary testwork programs which
indicate that the deposits at Arrowsmith can be upgraded to
glassmaking silica sand requirements. A further iteration of testwork
is underway, which will enable announcement of final products and
finalisation of the proposed processing circuit design.
Sufficient drilling has been undertaken to allow a JORC-2012 Mineral
Resource estimation at each of the projects following the completion
of QA/QC assaying and review.
ASX: VRX
Capital Structure
Shares on Issue:
306.2 million
Unlisted Options:
21.25 million
Corporate Directory
Paul Boyatzis
Non-Executive
Chairman
Bruce Maluish
Managing Director
Peter Pawlowitsch
Non-Executive Director
John Geary
Company Secretary
Company Projects
Arrowsmith Silica Sand
Project, 270km north of
Perth, WA.
Muchea Silica Sand
Project, 50km north of
Perth, WA.
Biranup base metals
and gold Project
adjacent to the
Tropicana Gold Mine,
WA.
Warrawanda Nickel
Project south of
Newman, WA.
The Company is actively
assessing other projects
in Australia.
Arrowsmith
2018
Activity
Aug
Sep
Oct
Nov
Dec
Nov
Dec
Resource Estimation
Environmental Studies
Testwork
Circuit Design
Engineering
Drilling/Assays
Muchea
2018
Activity
Resource Estimation
Environmental Studies
Testwork
Circuit Design
Engineering
Drilling/Assays
Aug
Sep
Oct
Further information:
Bruce Maluish
Managing Director
Ventnor Resources
0418 940 417
Andrew Rowell
Cannings Purple
arowell@canningspurple.com.au
0400 466 226
Competent Person’s Statement
The information in this release that relates to exploration results and exploration targets is based on,
and fairly represents, information compiled by Mr David Reid who is a Member of the Australian Institute
of Geoscientists (MAIG). Mr Reid is a contractor to Ventnor Resources Limited. Mr Reid has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and
to the activity which he is undertaking to qualify as a Competent Person as defined in the “2012 Edition
of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.”
Mr Reid consents to the inclusion in this release of the matters based on information provided by him
and in the form and context in which they appear.
About Ventnor
Ventnor Resources Ltd (Ventnor) (ASX: VRX) has significant silica sand projects including four
exploration license applications pending over the Arrowsmith Silica Sands Project, located 270km north
of Perth, Western Australia. Initial testwork is focusing on confirming that the sand can be upgraded to
glass-making quality.
The announcement of 30 July 2018 details the acquisition of Muchea Silica Sand Project which
complements the Arrowsmith Silica Sands Project with additional silica sand resources.
Ventnor also has granted tenements adjacent to the Tropicana Gold Mine in WA that are prospective for
gold and base metals (Biranup Project), with prospects identified following an extensive review of
historical data. The Company has compiled an extensive database of historic exploration, conducted
extensive MLEM surveys in the region, and completed initial drill programs at a number of its prospects.
Also in Western Australia, 40km south of Newman, is Ventnor’s Warrawanda Nickel Project, which is
prospective for nickel sulphides.
Proven Management
The Ventnor directors have extensive experience in mineral exploration and production, and in the
management of publicly listed mining and exploration companies.
Project Locations
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