Venture Minerals Makes Strategic Landholding Acquisition Adjacent to Jupiter REE Discovery

THE BOURSE WHISPERER: Venture Minerals (ASX: VMS) has acquired what it has described as being a “key landholding” alongside the company’s Jupiter rare earths discovery.

Venture Minerals explained the new tenure is located between the large-scale, clay hosted Jupiter prospect and Venture’s northern tenure, which already hosts healthy rare earth mineralisation only 10 kilometres from the Jupiter discovery.

The company explained the landholding is part of a 361 square kilometres strategic tenement package acquisition that complements the existing tenure and expands the project by 36 per cent and secures the remaining priority clay hosted, rare earth targets within the immediate vicinity of the Jupiter discovery.

“This strategic acquisition strengthens the company’s land position around Jupiter and facilitates unencumbered access across the project,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“It provides a potential extension of high-grade, clay-hosted rare earth mineralisation to the north of Jupiter and secures the remaining priority clay-hosted rare earth targets around the discovery.

“Jupiter is emerging as a major, rare earths discovery that is ideally located between Lynas’ existing plant and Iluka’s planned rare earth processing facilities in the tier one jurisdiction of the Mid-West region Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE