Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Ventnor Resources On Capital Raising Drive 0 comments
    Apr 3, 2013 11:23 PM

    Ventnor Resources (ASX: VRX) has been granted a trading halt by the ASX today as it prepares to release an announcement regarding an equity raising.

    The company recently began a Bankable Feasibility Study at its Thaduna/Green Dragon Copper Project in Western Australia following the completion of a Scoping Study that confirmed the economic and technical viability of the project.

    The BFS will further focus on detailed mine planning, metallurgical testwork, processing options, confirmed contract rates and operating cost reduction initiatives.

    Further deeper drilling is underway at Thaduna/Green Dragon and will be included as part of the BFS.

    Ventnor's aim is to extend the current JORC Resource to between 175,000 and 200,000 tonnes of contained copper.

    The Resource currently stands at 142,000 tonnes of contained copper and 945,000 ounces of contained silver.

    Results for the BFS are expected in the September quarter 2013.

    The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 8th April 2013.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.