Updated: Aug 14
✦ The Brothers Rare Earth Discovery takes the spotlight today with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS).
Venture Minerals Limited (ASX:VMS) has recently made an incredible discovery in the Golden Grove district. They have found a high-grade clay Rare Earth project that is truly remarkable and deserves attention.
What sets this project apart is its impressive depth of intercept and high-grade mineral content, making it one of the top-tier projects in Western Australia.
How is the Rare Earth Market now?
The fortunes of the Rare Earth exploration sector heavily rely on the rise or fall of the REE market pricing. Currently, the market is experiencing a bearish price sentiment, which is causing anxiety among many investors.
However, it's important to note that this market situation has emerged due to a geopolitical situation. The shifting focus of world politics has made metals like REE (rare earth elements) quite appealing. As a result, the future requirements for REE components will undoubtedly contribute to the growing demand in the market.
Experienced investors understand that real profits lie in the long term. This is a widely recognised truth that is often overlooked by investors in the mining industry. Unlike other sectors, the mining industry operates on a timescale of decades, rather than months or years. While there have been a few exceptional cases like Nova Bollinger (Ni) and DeGrussa (Copper) that have yielded results within a shorter timeframe, they are rare occurrences.
Listen to Andrew here:
00:57 High Grade clay hosted REE discovery at the Brothers Project
02:00 Reason for high grade
07:01 Direction of the Big Brothers Project
09:46 Is the Big Brothers Project the focus for VMS?
11:02 Discussion on metallurgy
11:57 How should investors look at VMS?
15:38 News flow
18:17 Why VMS?
So what makes Venture Minerals stand out?
Venture Minerals has several strong points.
They excel at developing diversified projects that consistently generate value even in challenging circumstances.
They have a strong, experienced management that is taking the lead. The Brothers project is a prime example of the value that can be achieved. Initially appearing as an outlier, through drilling, it has now emerged as a strong contender in the Rare Earth race. Mr. Radonjic never fails to surprise us with his skills. The Brothers project, which seemed to have a high potential for success, has proven to be a remarkable endeavour. The two drill holes that were announced originally from the Iron Duke acquisition were into bedrock which would have suggested that there could be more to come at depth. The recent release has shown that initially the near surface clays have the capacity to deliver a substantial discovery.
For Venture Minerals, their uniqueness stems from their location (close to the new Lynas story), the grade of mineralisation, and the depth at which it occurs. Unlike typical REE areas, Venture Minerals does not face potential land issues.
There are still developments coming up with regards to the Brothers Project. The unresolved metallurgical question will be addressed by demonstrating leaching. The amount of acid and other related factors will likely be the focal point of discussion.
Is this likely to bring Venture Minerals back to his former days of glory as the darling among investors? Perhaps not right away, because in spite of their promising numbers, they are up against a market that is currently flooded with numerous rare earth element (REE) stories.
Watch this space, as more will be revealed in time to come.
Read more Brilliant Investment stories about Venture Minerals Limited
About Andrew Radonjic
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM
Mr. Radonjic is a geologist and mineral economist with over 35 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 co-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals.
About Venture Minerals Limited
Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing 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) 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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