North West Tasmania
The Mount Lindsay Project (148 sq km), located in north-western Tasmania, is one of the world’s largest tin deposits.
It provides Venture Minerals’ investors with near term exposure to EV Metal and critical minerals markets.
Tin prices reached near record highs of ~US$44,000/t and have increased by ~175% since early 2016. Tungsten’s APT price is at ~US$305/mtu and has increased 80% since early 2016.
Venture owns 100% of the tenure that hosts both the Mount Lindsay Tin-Tungsten Deposit and all the surrounding prospects.
The resource base at Mount Lindsay is hosted within two magnetite rich skarns (main skarn and the no.2 skarn) which extend over a total strike of 2.8 km and remain open at depth. Additional indicated and inferred resources have been defined at the Reward and Stanley River South prospects, which extend over an additional 1.1 km of strike.
Since commencing exploration on the project in 2007, Venture has completed approximately 83,000m of diamond core drilling, most of which has been used to define JORC compliant resources with ~70% in the measured and indicated categories.
A Feasibility Study with comprehensive metallurgical test work and post-feasibility delivered a very high grade 75% tin concentrate result that is likely to attract price premiums.
The project is located in a world-class mining precinct, within the contact metamorphic aureole of the highly perspective Meredith Granite. It is situated between the world-class Renison Bell Tin Mine (Metals X Ltd/Yunnan Tin Group >231kt of tin metal produced since 1968) and the Savage River Magnetite Mine (operating for > 45 years, currently producing approximately 2.5 Mtpa of iron pellets).
Consumers and investors are becoming extremely focused on ESG-compliant sourcing of tin. Mount Lindsay is well positioned to meet this demand, with access to renewable hydropower, combined with the Company’s commitment to minimizing its footprint, through planned underground mining and waste processing strategies.
Mount Lindsay has excellent access to existing infrastructure including hydropower, water, sealed roads, rail and port facilities.
Mount Lindsay, North West Tasmania