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Venture Minerals Limited is Getting Closer to the Julimar look-alike

Updated: Aug 25, 2023

✦ We learn about the chosen targets of Chalice Mining Limited (ASX: CHN) and get interesting news on the Thor JV with Venture Minerals Limited (ASX:VMS).

All eyes are on the Thor JV, and there is a lot of interest riding on what Chalice Mining is doing there - after all, the Thor JV is one of the company's assets with an active exploration program, and it´s an important part of the portfolio of assets worked by Chalice Mining.

Take note of the recent announcement that was published on 13th July.

And especially focus on the identified area. One could say it's an area where some extension may have happened. This is fairly observant from the magnetic image where this distinct bend is.

We are at a very early stage here so we're not talking about any definite discoveries. However, this coincidence with the geophysics is enough to make one sit up and pay attention. The announcement may not have done full justice to this.

It would be surprising...and even disappointing, if no discoveries came up geochemically. It's worth listening to Andrew Radonjic, Managing Director of Venture Minerals. This is a conversation that addresses issues investors would be interested in, given the "tough" times currently on the market.

Listen to Mr. Radonjic here:


00:00 Start

00:20 Introduction

01:01 Andrew updates.

02:55 The Two Targets.

07:26 Maybe Chalice has found the sweet spot.

12:05 The Western Yilgarn margin.

14:16 Factors that create mineral exploration discoveries.

19:48 Market and Exploration Expectations.

20:36 Other Venture projects.

24:24 The need to understand market sentiment and mineral exploration.

26:40 The need for investors to play the patience game.

27:37 Andrew´s last words.

29:05 Conclusions

About Andrew Radonjic

Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM

Mr. Radonjic is a geologist and mineral economist with over 30 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 has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX).

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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, 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 met its expenditure requirement of $1.2 million to earn up to 51% with a further $2.5 million (at its election) over the next two years to earn 70% at Venture’s South West Project with new targets identified at Thor.

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.

Contact Venture Minerals Limited

a/ 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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