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Ventnor Resources Takes More Time To Consider Offtake And Equity Interest

Ventnor Resources (ASX: VRX) has requested for more time to consider possible equity raising and/or offtake arrangements.

To enable these discussions with the corporate parties that had approached it to continue in an orderly manner Ventnor has extended the voluntary suspension from the ASX until Friday, 12 April 2013.

Ventnor is focused on the development of its Thaduna/Green Dragon Copper Project in Western Australia, where it has a Resource of 142,000 tonnes of contained copper and 945,000 ounces of contained silver.

A Bankable Feasibility Study is currently underway and is scheduled for completion in the September quarter 2013.

Further deep drilling is also in progress to upgrade the current Resource to between 175,000 and 200,000 tonnes of contained copper.

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