Venture Minerals Ltd (ASX:VMS) has some highly prospective ground in the Greenbushes Mineral District of Western Australia.
Venture recently discovered a substantial lithium target 30 kilometres south of the world’s largest hard rock lithium mine, which produces circa 40% of the world’s lithium.
The company has commenced follow up sampling to fully define the geochemical signature of the Odin Prospect, which will help to define targets.
Venture is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Monday 11th September 2017, or earlier if an announcement is made to the market.