The current focus for the Company is realising the full economic potential of the Mt Lindsay Tin-Tungsten Project in North-West Tasmania. In addition, Venture will continue exploration on its West Australian Gold and Uranium assets.

The Mt Lindsay Project is located 15 km northwest and along strike of the world class Renison Bell Tin deposit and immediately south of the Savage River magnetite mine. Venture has already defined a substantial resource base in both Tin, Tungsten and Iron and is currently completing a 10,000m diamond core drill program aimed at significantly increasing that resource base.

Venture considers the exploration potential at Mt Lindsay to be very significant with the current resource base having been defined from drill testing less than 10% of the Company's targets. The current exploration focus involves drill testing multiple targets including extending known high grade Tin & Tungsten zones, testing parallel skarns and a reconassaince drilling of a multitude of regional targets.

The Company has adopted an agressive exploration programme through 2010 which currently involves five drill rigs testing high priority targets at the Mt Lindsay Project. Following the completion of the current exploration phase the Company anticipates outlining a development schedule for the project in the second half of 2010.

The Maitland Channel project covers 140 km “strike” of a Tertiary palaeochannel system, that contains the calcrete-hosted Uranium deposits of Lake Maitland (Redport Limited), Lake Way (Nova Energy Limited), Centipede (Nova Energy Limited) and Yeelirrie (BHPBilliton). The project includes tenure adjacent to the Lake Maitland uranium deposit.

The Paulsens South project is 4km from the Paulsens Gold Mine, which has commenced production at a rate of 80,000 ozs Au per annum. The project area has only been sparsely explored and is interpreted to host a similar geological setting to the Paulsens deposit.