Venture Minerals Limited (ASX:VMS)
Venture Minerals Limited (ASX:VMS) is looking to move from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania.
At the Company's Mount Lindsay Tin-Tungsten Project in NorthWest Tasmania, higher Tin prices and the recognition of Tin as fundamental to the battery revolution, have refocused Venture Mineral’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin deposits, the Company has commissioned an Underground Scoping Study that will leverage off the previously completed feasibility work.
In Western Australia, Chalice Mining Limited (ASX:CHN) recently committed to spend up to $3.7m in Venture Mineral’s South West Project to advance previous exploration completed by the Company.
At the Company’s Golden Grove North Project, along strike of the world class Golden Grove Zinc-Copper-Gold Mine, Venture Mineral's has already intersected up to 7.6% Zinc, 1.3% Copper and 2.2g/t Gold and identified several strong EM conductors for follow-up drill testing.
Venture Minerals has also commenced a drill program designed to bring forward a potential new gold discovery at the Kulin Project.