✦ Andrew Radonjic, Managing Director of Venture Minerals Limited talks about Rare Earths at the Jupiter project.
Venture Minerals Limited (ASX: VMS) is becoming a major player in the rare earth sector, which has been volatile in recent years. The company brings a fresh perspective to an industry that has been getting a lot of attention in the last two years.
Recently, Venture Minerals secured additional funding for its Jupiter REE project, which is seen as a positive sign for its potential. Read its announcement on 29th November 2023:
In this episode, Andrew Radonjic provides insights on the project and discusses the recent drilling results. By exploring the project's history, viewers can understand why Venture Minerals is optimistic about its future prospects.
Listen to Andrew here:
Chapters:
00:00 Start
00:20 Introduction
00:54 What is happening with the Jupiter REE Target?
03:56 Does alkaline intrusion play a part in Jupiter?
06:50 Progress on the drilling at Jupiter.
14:11 What sets VMS apart from the others?
25:17 Comments for existing shareholders.
29:37 Why did the recent new investors buy into the VSM Story?
30:57 News flow
33:34 Conclusion
Samso's Conclusion
In summary, the rare earth sector has a lot of content, and it is generally agreed that each rare earth project is unique. The key factor to consider is whether the project is profitable in the end.
The Jupiter target is a clay-hosted rare earth project that has limited metallurgical research, but it can be considered a standard clay-hosted system. What sets it apart is its logistical aspects, potential grade, tonnage, and unique social license. Dealing with private landowners and existing populations may impact the project's bottom line in the long run. It is important for fresh investors to thoroughly research and understand the rare earth sector to become successful long-term players.
About Andrew Radonjic
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM
Mr. Radonjic is a geologist and mineral economist with over 35 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-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals.
About Venture Minerals Limited
Venture Minerals Ltd (ASX: VMS) is dedicated to discovering and developing world-class mineral deposits to meet the global demand for critical minerals vital to the green energy transition.
Venture Minerals Ltd (ASX: VMS) has made a recent discovery at the Brothers REE Project including the Jupiter Clay Hosted Rare Earths Prospect. The Brothers Project includes the Iron Duke JV which hosts the Jupiter Prospect and is a potentially significant REE clay hosted discovery near Yalgoo in Western Australia. Brothers is well located to significant infrastructure including the port of Geraldton, Iluka’s Eneabba Rare Earths Refinery and Lynas Rare Earths currently operating Mount Weld Concentrator.
The Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world’s largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. 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 committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project.
At the Company’s Golden Grove North Project, SensOre (ASX: S3N) is farming in whilst Venture retains the REE rights, the earn-in includes drilling of the Vulcan High Grade REE Target. SensOre’s proprietary AI technology has already highlighted lithium and copper exploration potential at Golden Grove North.
The Company has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre-long Ni-Cu-PGE targets within the Kulin Project, whilst recent exploration has identified clay hosted REE targets.
Contact Venture Minerals Limited
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
Disclaimer
This article is sponsored content.
ASX companies engage Samso and Brilliant-Online to share their commentary on the progress of their companies and projects. The author, owners of Samso and Brilliant-Online and associated entities may or may not hold shares of these companies.
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Contact Samso
Samso helps executives tell ASX stories that pique interest.
t/ +61 490 092 814
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