- Venturex opts into new Mining Rehabilitation Fund releasing Performance Bonds
- $1.69 million bank security deposit released
- Cash resources increase to $4.3 million
Venturex Resources Limited (ASX:VXR) (“Company”) wishes to advise that the Company has voluntarily “opted in” to the State Government’s new Mining Rehabilitation Fund allowing the retirement of Environmental Performance Bonds covering the Company’s tenements at Whim Creek in the Pilbara region of Western Australia.
This has resulted in the release of a $1.69 million bank-held security deposit and increasing the Company’s net cash reserves to approximately $4.3 million.
The funds will be used in advancing the Company’s active exploration program in the Pilbara at the Sulphur Springs and Whim Creek project areas.
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