Ventnor Resources Ltd (ASX:VRX) has added to its Western Australian silica sand assets after being granted an additional tenement at the Arrowsmith project.
The new tenement comprises 56 blocks and covers the Arrowsmith North project area.
READ: Ventnor Resources granted first two Arrowsmith Silica Sands Project tenements
Ventnor was also recently granted two contiguous exploration licences covering the Arrowsmith Central and Arrowsmith South areas.
With Arrowsmith North, the company now has a total granted area at Arrowsmith, which is around 270 kilometres north of Perth, of 114 blocks or about 360 square kilometres.
Managing director Bruce Maluish said: “This tenement grant adds to our Arrowsmith silica sand project holdings.
“Our expectation for Arrowsmith North is the same as for Arrowsmith Central, which we see as having the potential for a significant silica sand resource.
“This is immediately adjacent to Brand Highway and a rail connection to Geraldton Port, suitable for bulk handling.”
Program of work to be lodged
Ventnor intends to lodge a program of work for exploration approval in the area to enable a JORC-compliant resource drilling program to be undertaken following the approval.
The Arrowsmith area potentially has low environmental impact mining propositions with rehabilitation techniques well established in the nearby mineral sands industry.
An application for the final tenement in the area is expected to be granted in the September 2018 quarter.
The company continues to have positive consultation with the ASX to progress its proposed transaction for the Muchea Silica Sand Project, just to the north of Perth.
In this regard, it is working on an updated timetable aimed at the re-quotation of its shares as soon as possible.