mineral deposits

Venture Minerals Ltd (ASX: VMS) has entered an exciting phase as its Tasmanian tin project gathers momentum from exploration success and growing tin demand, and as the company transitions from a highly successful explorer to producer, following the completion of its first shipment from the Riley Iron Ore Mine in northwest 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-Tungsten 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 Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several strong EM  conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine.

Venture recently significantly expanded its Nickel-Copper-PGE portfolio through the recent acquisition of a highlyt prospective tenure at the Company’s Kulin Project.  Within the acquired tenure, Venture has secured two highly prospective 20-kilometre long interpreted mafic-ultramafic intrusive complexes sitting along strike of the Jimperding Metamorphic belt which hots Chalice’s Julimar Ni-Cu-PGE discovery.