mineral deposits

Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania. 

At the neighbouring Mount Lindsay Tin-Tungsten Project in North‐West Tasmania, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world’s largest undeveloped Tin deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work. 

In Western Australia, Chalice Gold Mines (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 Venture Minerals’ Golden Grove North Project, along strike of the world class Golden Grove Zinc-Copper-Gold Mine, the Company has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold and identified several EM conductors for follow-up drill testing.

Venture has recently commenced a drill program designed to bring forward a potential new gold discovery at the Kulin Project.