Venture Minerals Identifies Tin-Boron Zones at Mount Lindsay

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has added a further commodity string to the company’s Mount Lindsay project bow in Tasmania.

Venture Minerals has completed Mount Lindsay Underground study work, from which it has identified potential for additional, large-scale quantities of tin and boron throughout the greater Mount Lindsay skarn system.

The company explained the tin-boron zones are in the form of borate minerals that have not previously been assessed in any mining studies at Mount Lindsay.

Boron is a critical mineral in the solar panel industry, which Venture elucidated do not only occur in the current Mount Lindsay resources, but also occur extensively throughout the numerous skarns surrounding the company’s current tin-tungsten deposits which it claims to be analogous to well-known large skarn deposits in Russia and China, that contain the same borates.

“The value of the Mount Lindsay project, as a potential supplier of critical minerals to the globe, has been further enhanced by the potential to extract the rare light metal boron, an important and versatile element in the modern world, used in everything from computer screens to fertilisers to creating powerful magnets for wind turbines and EVs,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“In addition to being a significant tin-tungsten deposit, Mount Lindsay also has the potential to be a large-scale boron project, similar to producing projects in China and Russia, particularly when you consider the multitude of targets outside the Main and No.2 Skarns containing significant quantities of boron with tin and iron.

“The company will now look to define the process of extracting the boron along with the other already proven critical minerals tin and tungsten.

“Venture looks forward to continuing to advance its feasibility studies and delivering results at its flagship Mount Lindsay project over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE