Updated: Apr 21
Unravel the tin story today with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS)
Tin is at ~US$32,000/t, near recent record highs and has increased by ~140% since early 2016. It is now trading at more than 3 times the price of copper currently at ~US$10,000/t.
Noel Ong, CEO of Samso, has been a strong advocate for the quality of Venture Minerals Limited's projects. He has been covering the company since October 2020 and today, Andrew Radonjic, Managing Director of the company joins Noel to share some exciting news.
The company has a dark horse that is worth taking note of - the Mount Lindsay Tin-Tungsten project in Tasmania, Australia. This project has had its ups and downs and there is much to take note of as Mr. Radonjic talks about this project and its geology.
The recent rise in tin has also, interestingly enough, brought along the ESG factor - Environmental, Social and Governance as well as the EV revolution.
There is a fascinating story about tin today, and lots of insights. Noel and Mr. Radonjic go deep into what makes a tin project work and venture behind the real story of the tin supply issue.
Get your optimism rising today with Samso Rooster Talk Episode 41.
Venture with Andrew Radonjic:
Rising tin prices
Dwindling supply-demand equation
Mount Lindsay Tin-Tungsten project
What makes a tin project work
Commenting on the recommencement of drilling at the Mount Lindsay Tin-Tungsten project, Venture Minerals’
Managing Director Andrew Radonjic, said:
“With record Tin Prices it’s a great time to be drilling our recently identified High Priority Tin Target along strike to Renison Bell, one of the world’s largest and highest grade tin mines. Tin is a critical EV Metal and the discovery of another tin deposit will only add to the highly credential Mount Lindsay Tin-Tungsten Project, which already contains one of the largest undeveloped tin deposits in the world. Mount Lindsay has the potential to become flagship asset for the Company and once developed could supply responsibly sourced Tin to the EV revolution.”
About Andrew Radonjic
Venture Minerals Limited
Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia.
Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces.
About Venture Minerals Limited
Venture Minerals Limited (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay TinTungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution have refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work.
In Western Australia, Chalice Mining (ASX: CHN) recently committed to spending up to $3.7m in Venture’s South West Project, to advance the previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target.
At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has recently completed a maiden drill program designed to bring forward a potential new gold discovery at the Kulin Project.
Latest ASX Announcement
Download their ASX Announcement dated 26th May 2021: Drilling commences on High Priority Tin Target - Mt Lindsay
Venture Minerals Limited
Suite 3, Level 3
24 Outram Street, West Perth
Western Australia 6005