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Venture Minerals Limited (ASX: VMS) brings an update on their Jupiter REE Deposit

Updated: Apr 30

✦ Andrew Radonjic and Mel Ashton from Venture Minerals go on-site with Noel Ong of Samso to share with audiences why the Jupiter Rare Earth project is all about location and accessibility.


Managing Director, Andrew Radonjic and the Chair, Mel Ashton share their thoughts on the first round of results released on 9th February 2024 announcement and the record drill intersection (see below).


Jupiter Resource Drilling delivers record intresection of 48 metres _ 3025 ppm
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Venture Minerals Limited (ASX: VMS) is now finalising a drilling program to infill the Jupiter project as they work to build a maiden JORC resource for the project. Management is also going on-site to see for themselves the ease of having a potential mining proposition.


This is a reinforcement to investors and shareholders that the potential for a mining operation will come with Tier 1 infrastructure and potential partners or off-takers.


Why focus on the Jupiter REE project?

To understand why this project is generating so much excitement, read their other ASX announcements here:


Jupiter is shaping up to be something different to the family of clay Rare Earth stories in Australia.

Venture has been able to show up with good width of mineralisation, grades that are above the norm and its location for the mining process may well be a determining advantage.

Figure 1:  The Venture Minerals Limited (ASX: VMS) share price.  (Source: Commsec) | Coffee with Samso | Samso
Figure 1: Venture Minerals Limited (ASX: VMS) share price as of 8th April 2024. (Source: Commsec)

The share price has been very buoyant and when taken into context of the Rare Earth sector in general, Venture Minerals is doing very well. There is a keen interest in the market to see where this story will end up. This episode continues to share more insights into the project and why the management of Venture Minerals all all looking forward to move this project forward.


Listen to Andrew Radonjic and Mel Ashton here:


Chapters:

00:00 Start

00:55 Introduction to Mel Ashton

00:53 Updates on Jupiter

04:34 The Potential Size of the Jupiter Resource

08:55 Potential Strategy for Jupiter Project

11:52 Could there be other High-Grade "Cores"?

17:54 Discussion on Metallurgy

20:52 Location, Location Location

23:56 How can Venture take advantage of the REE Market?

25:57 What would the Exit look like for potential investors?

26:58 View on the Rare Earth Market over the next 12 months

34:41 News Flow

38:00 Tin

39:11 Conclusion


Samso's Conclusion

In the lead-up to the trip to the project, Andrew Radonjic had been taking a position that the location of the project could be a game changer. The highway is within 20km from the edge of the Jupiter Rare Earths Deposit, and there is a gas pipeline that is within the boundaries of the project.


As Andrew reiterates these points and as Venture approaches the narrative of taking the project to the next step of potential mining, this will be an interesting story to follow. Investors, time to DYOR.


About Venture Minerals Limited

Venture Minerals |Brilliant Online Australia Singapore UK | Brilliant Online

Venture Minerals Ltd (ASX: VMS) has made a recent discovery at the Brothers REE Project including the Jupiter Clay Hosted Rare Earths Prospect. The Brothers Project includes the Iron Duke JV which hosts the Jupiter Prospect and is a potentially significant REE clay hosted discovery near Yalgoo in Western Australia. Brothers is well located to significant infrastructure including the port of Geraldton, Iluka’s Eneabba Rare Earths Refinery and Lynas Rare Earths currently operating Mount Weld Concentrator.


The Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world’s largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system.


The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project.


At the Company’s Golden Grove North Project, SensOre (ASX: S3N) (name changed to Premier1 Lithium ASX: PLC) is farming in whilst Venture retains the REE rights, the earn-in includes drilling of the Vulcan High Grade REE Target. SensOre’s proprietary AI technology has already highlighted lithium and copper exploration potential at Golden Grove North. The Company has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre-long Ni-Cu-PGE targets within the Kulin Project, whilst recent exploration has identified clay hosted REE targets.


Contact Venture Minerals Limited

Suite 3, Level 3

24 Outram Street, West Perth

Western Australia 6005


P.O. Box 1175,

West Perth, WA 6872


t/ +61 (08) 6279 9428

 

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