Venture Minerals - VMS(ASX) News & Expert Insights from Stockhead

Venture Minerals Limited 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 Tin-Tungsten Project in North‐West Tasmania, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world’s largest undeveloped Tin 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 Gold Mines (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance 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 identified four new priority VMS (Volcanogenic Massive Sulfide) drill targets along strike to the world class Golden Grove Zinc-Copper-Gold Mine.

Venture will also be starting a low-cost drill program designed to bring forward a potential new gold discovery at the Kulin Project.

KEY PEOPLE

Andrew Radonjic – Managing Director

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 co-lead during the discovery of the Mount Lindsay Tin-Tungsten deposit.

Hamish Halliday – Non-Executive Director

With over 20 years corporate and technical experience, Mr Halliday has been involved in numerous, large scale, mineral discoveries across four continents. Mr Halliday founded Adamus Resources Limited, which he grew from a A$3M float to a multi-million ounce emerging gold producer. He also founded or co-founded a number of other highly successful junior mining companies including: Gryphon Minerals, Venture Minerals, Renaissance Minerals, Alicanto Minerals and most recently Blackstone Minerals.

Mel Ashton – Non-Executive Chairman

Mr Ashton holds a Bachelor of Commerce degree from the University of Western Australia, is a fellow of Chartered Accountants Australia and New Zealand. He has over 40 years’ experience as a Chartered Accountant specialising in Corporate Restructuring and Finance and as a Professional Company Director. This experience is complemented by his strategic approach and extensive business network.