Company
ASX:VMS
Venari Minerals is advancing a high-grade resource to alleviate US lithium import dependence. The company also has an underexplored epithermal gold-silver system with the ingredients for a world-class discovery.
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Venture Minerals' dark horse has always been the flagship Mount Lindsay Tin-Tungsten project in Tasmania, Australia. The company has spent up to A$35 Million on the project and has seen good and tough times.
The Mount Lindsay Tin-Tungsten Project contains one of the largest undeveloped tin deposits in the world, containing in excess of 80,000 tonnes of tin metal.
“The recent record iron ore price makes it a perfect time for the company to transform from explorer to producer,” says MD.
Andrew Radonjic talks about why this is a different mineral exploration project with what he has learned from Thor and what Julimar is unravelling with continuous work since its discovery in March 2020.
Approximately 42 line kilometres of moving loop EM (MLEM) is planned for the initial stage with any resultant anomalies to be infilled to define targets for subsequent follow-up with surface geochemical sampling or drilling.
There are good signs that Venture Minerals is ticking all the right boxes to create shareholder value.
The company is entering a transformational phase as it looks to move from explorer to producer with iron ore production from the Riley Mine in northwest Tasmania.
The company has also appointed key personnel to assist the development of the Riley Project in northwest Tasmania and bringing it to production.
The company’s diamond core drilling at Golden Grove North will test priority zinc-copper-gold targets as delineated by the recently completed maiden drilling program and moving loop electromagnetic survey.
The time may be coming for critical metals and companies like Venture Minerals will be best placed to take advantage of the changing sector.
Diamond core drilling will test priority zinc-copper-gold targets as delineated by the recently completed maiden drilling program and moving loop electromagnetic survey at the project.
Venture Minerals is ticking all the boxes and is advancing along the path towards being a producer and realising up to A$100 million of value.
The appointment of Fergus Campbell as lead technical consultant comes as the company is well advanced with construction of the wet screening plant.
Riley’s quick time to production presents a unique opportunity to capitalise on the current historically high iron ore price and realise significant cash-flow for Venture in the near-term.
Kulin and Golden Grove North are the blue skies that would propel Venture Minerals into the share price stratosphere.
Securities will remain in a trading halt until the start of normal trading on Wednesday, January 20, 2021, or when the announcement is released to the market.
Recently completed trenching has confirmed multiple gold targets at the Kulin Project, with the company encouraged to start its maiden diamond drilling program to test multiple gold targets.
Venture Minerals has released some impressive VMS results from Orcas prospect of the Golden Grove North Project in WA with up to 7% zinc.
All three holes returned strong zones of volcanic massive sulphide style mineralisation with assays of up to 7% zinc.
Venture Minerals has a suite of highly prospective base metals projects in Western Australia and Tasmania all of which have potential in the growing battery metals sector.
