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, Venture has recently expanded its REE strategy with new priority targets at the Greater Brothers Project, including a recent JV into neighbouring REE project hosting drill intersections up to 49 m @ 1,313 ppm TREO. Follow-up maiden drilling intersects up to 40 m @ 1,832 ppm TREO including 10 m @ 2,725 ppm TREO. 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. 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.
Golden Grove North Project
Zn-Cu-Au
Kulin Project
Au & PGE -Ni–Cu
The Mount Lindsay Project (148 sq km), located in north-western Tasmania, is one of the world’s largest tin deposits…
The Thor Prospect is located 240 km south of Perth, hosted within the in the Balingup Gneiss Complex…
Read MoreThe Thor Prospect is located 240 km south of Perth, hosted within the in the Balingup Gneiss Complex…
Read MoreThe maiden shipment of iron ore was an exciting phase for the Company, transitioning from an explorer to a producer…
Read MoreLocated only 3.5km from the Company’s flagship Mt Lindsay Tin-Tungsten Deposit is the 100% owned Livingstone DSO Hematite Deposit…
Read MoreThe Golden Grove Camp, 370 kilometres north-northeast of Perth, is the prime VMS occurrence in the Archean Yilgarn Craton of Western Australia with over twelve deposits discovered over 13 kilometres of strike…
Read MoreThe Company secured exploration licences around and along strike from Golden Mile Resources’ (ASX: G88) recent Quicksilver Nickel-Cobalt Discovery located ~300 km east of Perth in Western Australia and named it the Pingaring project…
Read MoreAuditors
Stantons International
Level 1, Havelock Street
West Perth WA 6000
Share Registry
Automic Group
Level 5, 191 St Georges Terrace
Perth WA 6000
GPO Box 5193
Sydney NSW 2001
Tel: 1300 288 664 (within Australia)
Tel: +61 2 9698 5414 (international)
hello@automic.com.au
www.automicgroup.com.au
Copyright © 2021. Venture Minerals Limited. All rights reserved. Website by Net Search.