Venture Minerals will drill its new nickel target in Tasmania next week, which is close to the company’s Mount Lindsay tin-tungsten project and within the same ultramafic belt that also hosts the Avebury nickel deposit.

The company will focus on the 3km long electromagnetic (EM) conductor – which is supported at the surface by nickel in soil anomalism.

Nickel is one of the elements that plays a critical enabling role in the energy transition required to reduce CO2 emissions through the deployment of the entire spectrum of clean energy technologies – like geothermal, batteries for EVs and energy storage, hydrogen, hydro, wind and concentrating solar power.

A new nickel target in North West Tasmania

Notably, the Avebury deposit is just only 25 kilometres to the southwest, and the company also interprets the target to be hosted within the Wilson River Ultramafics.

“The company is excited to be testing this new nickel target within our portfolio of tenements in North West Tasmania,” Venture Minerals (ASX:VMS) MD Andrew Radonjic said.

“This large nickel target is defined by a significant EM conductor and anomalous soils results and sits within the same ultramafic belt that hosts the nearby Avebury nickel mine 264,000 tonnes contained nickel in resources) that has just recently recommenced production.”

“Venture’s diverse portfolio of landholdings within world class mineral districts in Australia, continues to provide shareholders with opportunities for new and meaningful discoveries.”

The company will update shareholders on any findings including visual indications of nickel mineralisation from the drill core at the earliest opportunity.




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.