Venture Minerals Limited (ASX:VMS, OTC:VTMLF) managing director Andrew Radonjic discusses the company’s recent $2 million capital raise with Proactive.
The company intends to use the additional funding to advance the Brothers Project’s Jupiter rare earth element (REE) deposit, where reverse circulation (RC) drilling generated results of up to 7,000 parts per million (ppm) total rare earth oxide (TREO), a particularly high-grade intersection.
Adding to the prospectivity of the deposit, Venture hit REE mineralisation in all 25 holes, with some intersections grading more than 2,000 ppm over widths of 20-30 metres.