Venture Minerals

Financials:

Primary ticker: ASX:VMS
Stage of development: Exploration, Production
Primary minerals: Tin/Tungsten/Boron/Iron Ore/Rare Earths/Nickel/Copper/PGE
Project to promote: Mount Lindsay Tin-Tungsten-Boron
Project locations: Australia
Website: www.ventureminerals.com.au

Dedicated to discovering and developing world-class mineral deposits to meet global demand for critical minerals vital to the green energy transition.

We are committed to building world-class operations which adhere to the highest standards of practice.

Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world’s largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry.

At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable.

In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project.

At the Company’s Golden Grove North Project, SensOre (ASX:S3N) is farming in whilst Venture retains the REE rights, the earn-in includes drilling of the Vulcan High Grade REE Target. SensOre’s proprietary AI technology has already highlighted lithium and copper exploration potential at Golden Grove North.

Venture expanded the REE strategy with new priority targets east of Golden Grove North, including recent JV into a neighbouring REE project hosting drill intersections up to 49 m @ 1,313 ppm TREO. Follow-up maiden drilling intersected up to 40 m @ 1,832 ppm TREO including 10 m @ 2,725 ppm TREO.

The Company has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project, whilst recent exploration has identified clay hosted REE targets.

Cash: AUD$3.1M
Debt: NIL

Major shareholders:
Elphinstone Holdings Pty Ltd – 2.70%
WGS Pty Ltd – 2.47%
Management Ownership – 2.9%

Map of Projects

Management Profile

Andrew Radonjic – Managing Director

Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he co-lead during the discovery of the Mount Lindsay Tin-Tungsten deposit. He is also non-executive Chairman of Codrus Minerals.

What is your rationale for taking part 121 Mining Investment?

To attract overseas investors

What recent news would you like to highlight to investors attending?

Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry.

Venture expanded the REE strategy with new priority targets at Brothers, east of Golden Grove North, including recent JV into a neighbouring REE project hosting drill intersections up to 49 m @ 1,313 ppm TREO. Follow-up maiden drilling intersected up to 40 m @ 1,832 ppm TREO including 10 m @ 2,725 ppm TREO.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Advance the Brothers clay hosted Rare Earths discovery towards a maiden JORC resource statement.

6 Months:
Continue to grow the Brothers Rare Earths resource into a world-class clay hosted deposit located in the Tier 1 jurisdiction of Western Australia.

12 Months:
Continue to advance the Brothers Rare Earths Project towards development and complete the Mount Lindsay Tin-Tungsten-Boron Underground Feasibility Study.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Commodity price volatility to be de-risked by hedging.

What do you think makes your company such a compelling investment?

Diversified commodity mix and a broad range of project development stages.

What are the top 3 key investor takeaways?

• Venture Minerals through Mount Lindsay already has one of the largest undeveloped tin projects in the world which also contains a globally significant tungsten resource, with excellent potential for resource growth through exploration, with the current deposits part of a major tin field.
• Mount Lindsay is well located within a Tier 1 ESG jurisdiction, with access to renewable hydropower, combined with the Company’s commitment to minimizing its carbon footprint, through planned underground mining and processing strategies.
• The Brothers Rare Earths discovery has the potential to become a world-class clay hosted deposit located in Western Australia.