Company Overview
The Company was incorporated in Western Australia on 12 May 2006 and listed on the ASX on 25 September after successfully raising $5 million.

The primary objective for Venture Minerals is to discover and develop world class energy and/or mineral deposits. The current focus for the Company is realising the full economic potential of the Mount Lindsay Magnetitie-Tin Project in Tasmania. In addition, Venture will continue exploration on its South Australian and West Australian Copper, Gold and Uranium assets.



Iron Ore Sector

Iron ore is the world's most commonly used metal. It is used primarily in structural engineering applications and in maritime purposes, automobiles, and general industrial applications and is in massive demand in growing economies such as China.

Iron-rich rocks are common worldwide, but ore-grade commercial mining operations are dominated by major companies with world production averaging one billion metric tons of raw ore annually.

The world's largest producer of iron ore is the Brazilian mining corporation Vale, followed by Australian company BHP Billiton and the Anglo-Australian Rio Tinto Group.

The major constraint to economics for iron ore deposits is not necessarily the grade or size of the deposits, because it is not particularly hard to geologically prove enough tonnage of the rocks exist. The main constraint is the position of the iron ore relative to market, the cost of rail infrastructure to get it to market and the energy cost required to do so.

Fortescue Metals Group is currently entering the development stage of its iron ore project in the Pilbara region of Western Australia and may eventually bring Australia's production to second in the world.