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Corporate Spotlight

Ventnor (the Company) has been investigating rising demand in Asia-Pacific markets for silica sand, the primary ingredient in glass manufacturing; it is also a main component in concrete construction and used in production of tech metals.
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new focus on WA silica sands projects

ARROWSMITH

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Arrowsmith Central Maiden Mineral Resource

ASX Announcement 13 December 2018 


Highlights

  • Inferred Mineral Resource of 28 million tonnes @ 97.7% SiO2 
  • Result is from shallow hand auger drilling 
  • Aircore drilling expected to significantly increase the Mineral Resource 
  • Metallurgical testwork to date confirms glassmaking quality achievable 
  • Takes total VRX Mineral Resources of silica sand to 412 Mt 


VRX Silica Limited (VRX Silica or Company) (ASX:VRX) is pleased to announce the results from the independent estimate of the Mineral Resource at its Arrowsmith Central prospect, which is contained within its Arrowsmith Silica Sand Project, located 270km north of Perth.


The result is based on an exploration program of 39 hand-held auger drill holes and is an acceptable standard for use in a Mineral Resource estimate publicly reported in accordance with the JORC Code. 


The Resource area is a small portion of the tenement area, adequate for initial mining studies which can be increased substantially with future aircore drilling over an increased area. 


Additional drilling is planned for early 2019 with the Company having recently completed an extensive Aboriginal Heritage survey with representatives of the Southern Yamatji claimant group for a more intensive and wider ranging drill program. 


VRX Silica 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.”


This resource adds to the two previously announced silica sand resources, Arrowsmith North, “Arrowsmith North Maiden Mineral Resource” 2 October 2018, and Muchea, “Muchea Silica Sand Project Maiden Resource” 20 November 2018.


The exploration program also provided a bulk sample which was used for the second and third iteration of metallurgical testwork and has verified that the sand can be beneficiated to glass-making quality (VRX announcement 20 September 2018). An additional testwork program, which is underway, is investigating the recovery and quality of products for the foundry industry, particularly in Korea.


The Company recently announced potential offtake partners who can be supplied from the Arrowsmith Central Resource. 


Figure 1: Arrowsmith Silica Sand Project Location 

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NAME CHANGE

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Change of Company Name – VRX Silica Ltd 

ASX Announcement 6 December 2018 


Ventnor Resources Ltd has pleasure in advising the market that shareholders at the Company’s AGM voted unanimously to change the Company name to VRX Silica Ltd.


VRX Silica Ltd will be the name of the Company from this day forward; however the ASX ticker code will remain as VRX.


The new name better reflects the Company’s objective of becoming a large scale supplier of silica sand to the global market.


The new Company 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. 


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NOVEMBER

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MAIDEN RESOURCE

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Muchea Silica Sand Project Maiden Resource

ASX Announcement 20 November 2018 


Highlights

  • Total Indicated and Inferred Mineral Resource of 191 million tonnes @ 99.6% SiO2 
    • Includes Indicated Resource of 19 million tonnes @ 99.7% SiO2 
  • Metallurgical testwork to date confirms potential for very high-quality product of +99.9% SiO2 with less than 100ppm Fe2O3 
  • Result is from shallow hand auger and aircore drilling 
  • Further deeper drilling expected to significantly increase the Mineral Resource


Ventnor Resources Limited (Ventnor or Company) (ASX: VRX) is pleased to announce the results from the independent estimate of the Mineral Resource at its Muchea Silica Sand Project (Muchea Project), which is located 50km north of Perth.


This Mineral Resource estimate was carried out by CSA Global and based on aircore and hand auger drilling carried out by Ventnor as part of its due diligence exercise during the March 2018 quarter, prior to the acquisition of the Muchea Project in July 2018.


The large Maiden Mineral Resource of high-grade silica sand vindicates the Company’s decision to acquire the Muchea Project.


The area of the Inferred Mineral Resource estimate is predominately based on shallow hand auger results and has the potential to be deeper with a significantly larger Mineral Resource. 


The Company believes that the Indicated Mineral Resource area is adequate for detailed mining studies, and closer spaced drilling will also extend the area and tonnage for a potential Ore Reserve.


A third iteration of testwork is being finalised, with additional attritioning that will be used to determine the final circuit design to produce a highquality feedstock for ultra-clear glass production.


Testwork results are expected during the December 2018 quarter, to be followed by engineering studies. 


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”, Maluish said. 


Executive Summary 

The Mineral Resource estimate (MRE) for the Muchea Project comprises a combined total of Indicated and Inferred Mineral Resources of 191 Mt @ 99.6% SiO2 reported in accordance with the JORC Code 2012 Edition. The Indicated component of the MRE comprises 19 Mt @ 99.7% SiO2, with the Inferred component being 172 Mt @ 99.6% SiO2.


The MRE is based on the results obtained from 44 hand auger drill holes for 260.7 m and 46 aircore holes for 522 m and defines the upper white silica sand layer, geologically logged and differentiated based on colour and chemical analysis results.


Based on metallurgical testwork completed to date, the white silica sand is considered readily amenable to upgrading by conventional washing and screening methods to produce a high-purity silica sand product with high mass recoveries. The high-purity silica sand product specifications are expected to be suitable for industries such as glassmaking. 


The MRE results are shown in Table 1. Summary information is included in this report and JORC 2012 Table 1 is included as Appendix 1. 


Click here to view the full announcement

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