Venture Minerals is striving to discover and develop world class mineral deposits.
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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed work.
At the neighbouring Riley Iron Ore Mine, the company entered an exciting phase as it moved from a highly successful explorer to producer with completion of the first shipment.
In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target.
At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine.
Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets.
Elphinstone Holdings Pty Ltd – 3.15%
Republic Investment Management Pte Ltd – 2.88%
WGS Pty Ltd – 2.4%
Management ownership – 2.41%
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.
Venture, as an Australian tin producer, can capitalise on global demand for ESG compliant tin. The advanced Mount Lindsay Tin-Tungsten Project is well positioned to take advantage of the strong EV and critical mineral markets as the Tin price sits at record levels.
Tin is a fundamental metal to the battery revolution. Venture Minerals is targeting ESG Tin Production from Mount Lindsay to capitalize on the global demand for ESG compliant tin and is actively exploring for the next new Tin discovery in Australia’s premier tin district.
Chalice (ASX:CHN) defined 11 new EM anomalies on the ‘Julimar lookalike’ target (as defined by Chalice) at the South West Nickel-Copper-PGE Project and is preparing for drill testing.
The Riley Iron Ore Mine is prepared for a quick restart should the market conditions become favourable.
EM surveys have highlighted the exploration potential of the 5-kilometre-long VMS Target Zone at Orcus and the Neptune VMS Target Zone, both of which are geologically analogist to the Scuddles-Gossan Hill area within the world-class Golden Grove Mine owned by 29Metals.
Through the acquisitions around the Kulin Project, the Company now controls a highly sought-after ground position proximal to the Julimar Ni-Cu-PGE deposit. When paired with the South-West Project, Venture now has an enviable portfolio of Ni-Cu-PGE assets.
Focus on the Mount Lindsay underground feasibility study, permitting activities and tin focused near mine exploration to add mine life to the project.
Continue focus on Tin exploration and permitting activities and be ready to recommence operations at the Riley Iron Ore Mine when market conditions become favourable.
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