Venture Minerals Limited (ASX:VMS, OTC:VTMLF) is now a major player in the tin sector. The Mount Lindsay project in Tasmania is in the spotlight following the surge in tin price.
In addition to that, the nature of the infrastructure is going to make Venture Minerals a green tin player by default.
The Mount Lindsay project has always been the flagship project for Venture Minerals. However, the project had been shelved for several years due to a drop in tin and tungsten prices. Now, the recent surge in tin price is definitely changing the value of the project.
The first drilling activity since 2012 has parked this conversation as the company is now going back to test the Renison Mine Sequence that has been the focus for Venture Minerals. What the drilling has shown is that there is a strong indication of a repetition of the mineralising sequence.
Coffee with Samso Episode 101 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS, OTC:VTMLF) (ASX:VMS) indicates that they are a Green Tin player.
Let's listen to these chapters:
00:00 Intro
01:11 Andrew explains the drilling results and what it means for Venture Minerals Limited (ASX:VMS, OTC:VTMLF).
07:33 Reasons why Mount Lindsay is a Prize.
12:06 What does the 150m Alteration Halo mean ?
15:36 What is a good Tin grade?
18:55 What is the best way to mine Mount Lindsay?
23:16 Why Investors should look at the untapped potential of Mount Lindsay.
25:44 The Green Tin Story Begins.
29:56 Green Tin, a Rising Tin Price and compliant ESG for Venture Minerals.
32:01 Tin Association predicting extra demand of 60,000T of Tin.
32:24 More reasons why the price of Tin will continue to rise.
36:59 Samso's thoughts on Venture Minerals.
39:18 Final Words from Andrew Radonjic - The Grey Fox.
42:15 Conclusion
PODCAST
About Andrew Radonjic
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM
Mr Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is also a non-executive director with Blackstone Minerals.
About Venture Minerals
Venture Minerals Limited 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, 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 Mining Ltd (ASX:CHN, OTCQB:CGMLF) recently committed to spend up to $3.7 million on 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 2.1 g/t gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulphide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the nickel-copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets.
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