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Venture Minerals Limited

  • Location: Australia
  • Tickers: ASX:VMS
  • Commodities: Copper, Iron Ore, Nickel, Palladium, Platinum, Rare Earth Metals, Tin, Tungsten
  • Other Commodities: Boron
  • Project Stages: Development, Exploration

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.

  • asx: vms

    • 0.002 (9.52%)

* Based on previous 24 hours performance

  • asx: vms

    • 0.002 (9.52%)

* Based on previous 7 days performance

  • asx: vms

    • 0 (0%)

* Based on previous 12 weeks performance

  • asx: vms

    • 0.009 (64.29%)

* Based on previous 12 months performance

Open 0.02200 Volume 7587180
High 0.02300 52w High 0.02900
Low 0.02200 52w Low 0.00600
Close 0.02300

* 20 May 2024 (AUD)

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