Updated: Aug 25
✦ With Rare Earths being hot on the market, it is no surprise that the company is boosting its REE portfolio. Andrew Radonjic, Managing Director updates.
Learn more about Venture Minerals' creation of a Decarbonisation Mineral Exploration Portfolio.
New to REE?
The REE scene has been rapidly maturing. If you are new to the whole REE story, before you jump in to hear Venture Minerals' story, why not check out our Brilliant story with Brett Hazelden, the Managing Director of OD6 Metals Limited (ASX: OD6). He gives a great breakdown to help you understand what it takes to develop a Rare Earth project.
Venture's New Projects
Venture Minerals first mentioned their discovery of REE within the Mount Lindsay project. This was released on 20th September 2022. Since then, the company has had more updates.
Check out the news releases listed below.
More feathers to their hat
It's not exactly a smooth ride for Venture. In fact, one could even say the market sentiment for the company has not been kind. On top of that, the general equity market is poor. Look at the share price for an indication of the company's position with the market.
In spite of this, Noel Ong, CEO of Samso sees Venture Minerals creating value with the introduction of their REE story. With the market excited about REE, and the long term narrative for the permanent magnet story going strong, there is something to pay attention to here. It's not something that's going to happen right away, but let's watch the geopolitical space. Venture Minerals may well find themselves with a major story.
History tells us that there is never certainty. History also tells us that when bullies get together, it never ends well. China is now a bona fide player in world politics and there will be a shifting of participants on the world stage. The US and the West will begin to react or have reacted and this will lead to a shift of how natural resources are sourced.
We all know that for the world economy to function, there has to be a balanced sharing of wealth. In this case, the wealth is where you source minerals. We are already seeing changes in geopolitical commentary of who should be and should not be dominating resources.
Hence, the path forward will be positive for resource nations like Australia. Venture, like all the other companies, will reap the rewards of the changing geopolitical game. The introduction of REE into the portfolio will do no harm. What they will find eventually is the question but Nothing Ventured, Nothing Gained.
Tune in to Mr. Radonjic here:
00:52 The REE path.
02:34 The New REE projects.
06:52 Can EM help define targets at Bandy and Brothers project?
09:10 Clay REE vs. Hard Rock REE - Discussion.
11:25 How can the large Venture portfolio be managed?
17:09 The Path Towards Decarbonisation.
23:00 The importance of being Polymetallic.
27:00 Market narrative is all about Market Demand.
28:19 Demand for Commodities are known to be driven by World Current Affairs.
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. 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, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project.
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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About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Samso helps executives tell ASX stories that pique interest.
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