Electromagnetic targets in the area

Recent News

Venture Minerals is an ASX-listed junior mining company, with projects across a range of metals. The company owns the Riley Iron Ore Mine in northwest Tasmania, Australia, which is beginning to transition into production. Other projects include the South West project (nickel-copper-PGE), Golden Grove North (zinc-copper-gold), and Kulin (gold), as well as the -Tungsten Project.

The -Tungsten Project

The Project is located in north-western Tasmania and is 100% owned by Venture Minerals. Since beginning in 2007, Venture has completed approximately 83,000m of diamond core drilling.

In 2012, a Bankable Feasibility Study suggested that would produce some 2,600 tonnes of -in-concentrate, primarily from an open pit mine. Since then, the company completed a major electromagnetic (EM) survey of the Mount Lindsay area in 2019. Venture continues to work toward drilling three priority targets generated by the EM Survey in order to expand the mineral resource at the project. Funding for the drilling has already been secured by the Tasmanian State Government. The company has also commissioned an Underground Scoping Study at Mount Lindsay that will build on the existing feasibility work.

Project Information

Project Name
Country Australia (TAS)
Mine Type Open Pit/Underground
Product Concentrates
Concentrate Output (t/y) 2,600

JORC-Compliant Measured Mineral Resource

Ore (Mt) 8.1 Metal (t)
Sn (%) 0.2 18,000
WO3 (%) 0.1 1,100,000

JORC-Compliant Indicated Mineral Resource

Ore (Mt) 17 Metal (t)
Sn (%) 0.2 32,000
WO3 (%) 0.1 1,200,000

JORC-Compliant Inferred Mineral Resource

Ore (Mt) 20 Metal (t)
Sn (%) 0.2 32,000
WO3 (%) 0.1 960,000