More than a little feasible: Venture appoints Glenn Van Vlemen to lead Mount Lindsay underground
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Venture is progressing the Mount Lindsay underground feasibility study with the recent completion of metallurgical drilling and the appointment of Glenn Van Vlemen to lead the study.
The metallurgical drilling, the critical long lead item for the feasibility study, had delivered further tin-tungsten intersections such as 158.5m grading 0.8% tin and 0.1% tungsten from a depth of 78m in the Main Skarn deposit and 99m at 0.3% tungsten from 63m in the No.2 Skarn deposit.
Meanwhile, Venture Minerals (ASX:VMS) has appointed veteran mining engineer Glenn Van Vlemen as the project development manager to lead the Mount Lindsay underground Feasibility Study.
Van Vlemen has more than 30 years’ Australian and International experience, leading the development and implementation of long-term business strategies for resource companies such as BHP Nickel, WMC Gold, Central Norseman Gold, Croesus Mining, Perilya, Munali Nickel and Oceana Gold.
He has also conducted numerous pre-development studies, and then implemented the development programs, for open pit and underground mines in various commodities, including tin and iron ore.
“Venture is fortunate to have engaged a very experienced underground mining engineer who has worked in tin and is therefore well suited to run the updated Mount Lindsay Feasibility Study,” managing director Andrew Radonjic said.
“Glenn’s appointment has coincided with the completion of the metallurgical drill program, a significant milestone for the company as it moves through the Study.”
He added that drilling continues to deliver excellent tin and tungsten intersections, a clear demonstration Mount Lindsay has the potential to be a vital global source of electric vehicle metals and critical minerals.
Mount Lindsay is already recognised as a critical minerals project by the Australian Government. It already boasts an existing resource of more than 80,000t of tin along with 3.2 million metric tonne units (32,000t) of tungsten.
This recognition allows the company to tap the $2bn finance facility established by the government and administered by Export Finance Australia.
Tin currently commands a price of US$42,500 per tonne while tungsten goes for about US$340/mtu.
Further drilling is planned to follow-up on the Big Wilson and Webbs Creek targets where previous drilling had returned results such as 17.4m at 2% tin and 8.5m at 0.4% tin and 0.2% tungsten respectively.
This article was developed in collaboration with Venture Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.