Venture Minerals (ASX: VMS)

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THE CONFERENCE CALLER: Wally Graham caught up with Venture Minerals Managing director Andrew Radonjic at the recent RIU Resources Investor Roadshow in Melbourne.

CLICK ON THE PICTURE TO VIEW.

Venture Minerals (ASX: VMS) recently committed to the recommencement of mining activities at the company’s Riley iron ore mine in Tasmania.

Venture Minerals made the announcement following completion of an updated Riley Iron Ore Mining Study with the associated Pre-Feasibility Study (PFS) delivering strong returns from a low capex two-year project, that the company believes to be well positioned to capture the current higher iron ore price environment.

In addition to completing the study the company, having previously signed a Binding Terms Sheet for the Riley Iron Ore Mine off-take with Prosperity Steel, has now signed a full off-take agreement for the Riley product for 100 per cent of the first two years of iron ore production.

First shipment of ore from the Riley Mine is currently planned for the fourth quarter of 2019, however the company indicated it was continuing to work on additional strategies to further reduce operating costs on the project before the first ore shipment.

These cost optimisation programs will focus on enhancing ore transport solutions.

“This is an exciting phase for the company as it moves from explorer to producer,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The Riley Iron Ore Mining Study demonstrates the delivery of an exceptional Internal Rate of Return in excess of 300 per cent is possible by leveraging the relatively small capex required to commence production.

“Venture has brought together an experienced team with a blend of local knowledge that has built, managed and operated iron ore and other similar sized projects, thereby de-risking the execution phase of the Riley project.

“The Riley Iron Ore Mine will create 80 to 100 jobs and will be a boost for the economy of the West Coast of Tasmania.

“We look forward to commencing production shortly.”

 

 

Australian Oil and Gas Market Enjoying a Run in the Sun

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THE CONFERENCE CALLER: The Resources Roadhouse was fortunate enough to score some time to hear about the state of the domestic and international oil and gas markets.

After he opened the conference we sat down for a quick chat with Argonaut director of research Micheal Eidne.

 

Triangle Energy Making Headway at Cliff Head Project in the Perth Basin

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THE CONFERENCE CALLER: The Resources Roadhouse managed to grab a moent of Triangle Energy managing direor Rob Towner’s valuable time at the 2019 RIU Good Oil Conference.

During the June 2019 quarter, Cliff Head generated revenues of $6.89 million.

This was an increase of $760,000 from the previous quarter.

 

RIU Good Oil 2019 Kicks Off in Perth

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THE CONFERENCE CALLER: The opening morning of the RIU 2019 Good Oil Conference opened to a standing room only audience.

Wally Graham of The Resources Roadhouse managed to catch conference organiser Jaxon Crabb for a quick update.

 

Venture Minerals Signals Go-ahead at Riley Iron Ore Mine

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THE BOURSE WHISPERER: Venture Minerals (ASX: VMS) recently committed to the recommencement of mining activities at the company’s Riley iron ore mine in Tasmania.

The company’s managing diretor Andrew Radonjic spoke with the Resources Roadhouse at the RIU Resources Investor Roadshow in Melbourne.

CLICK ON THE PICTURE TO VIEW.

Venture Minerals made the announcement following completion of an updated Riley Iron Ore Mining Study with the associated Pre-Feasibility Study (PFS) delivering strong returns from a low capex two-year project, that the company believes to be well positioned to capture the current higher iron ore price environment.

In addition to completing the study the company, having previously signed a Binding Terms Sheet for the Riley Iron Ore Mine off-take with Prosperity Steel, has now signed a full off-take agreement for the Riley product for 100 per cent of the first two years of iron ore production.

First shipment of ore from the Riley Mine is currently planned for the fourth quarter of 2019, however the company indicated it was continuing to work on additional strategies to further reduce operating costs on the project before the first ore shipment.

These cost optimisation programs will focus on enhancing ore transport solutions.

“This is an exciting phase for the company as it moves from explorer to producer,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“The Riley Iron Ore Mining Study demonstrates the delivery of an exceptional Internal Rate of Return in excess of 300 per cent is possible by leveraging the relatively small capex required to commence production.

“Venture has brought together an experienced team with a blend of local knowledge that has built, managed and operated iron ore and other similar sized projects, thereby de-risking the execution phase of the Riley project.

“The Riley Iron Ore Mine will create 80 to 100 jobs and will be a boost for the economy of the West Coast of Tasmania.

“We look forward to commencing production shortly.”

 

 

Email: info@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Saturn Metals Drilling Encouraging Results at Apollo Hill

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THE CONFERENCE CALLER: Saturn Metals (ASX: STN) has had a stellar 12 months since we last caught up with the company at last year’s Diggers & Dealers Conference.

Saturn Metals recently announced it had encountered additional strong drill results from a RC drilling campaign currently underway at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian goldfields.

The company’s interpretation of the drilling has shown geology and assays outlining several hanging-wall splays defined over 800 metres of strike length.

The system is open at depth, down plunge and along strike.

Saturn Metals managing director Ian Bamborough sat down with the Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgooorlie to expand on the recent drilling and to provide some insight into what’s next.

 

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Anitpa Minerals and JV Partner Rio Moving Ahead with Citadel Project Exploration

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THE CONFERENCE CALLER: Antipa Minerals (ASX: AZY) is in the midst of an exploration program for the company’s Citadel project Farm-in and Joint Venture with Rio Tinto Exploration in Western Australia’s Paterson Province.

Antipa Minerals and Rio have a budget of $3.4 million allocated to the 2019 calendar year exploration program at Citadel, to cover the JV’s planned activities.

The exploration program is fully funded by Rio Tinto while Antipa resumed operatorship of the Citadel Farm-in, including the execution of the Exploration Program in March 2019.

Antipa stated Paterson Province dual exploration strategy strives to deliver both greenfield discoveries and increase brownfield gold and/or copper resources during 2019.

The company believes its exploration activities within the Citadel project are complementary to this strategy.

The Resources Roadhouse caught up with Antipa Minerals executive chairman Stephen Power at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie for a quick chat.

 


Web: www.antipaminerals.com.au

 

Musgrave Minerals Progressing Drilling at Lena Deposit

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THE CONFERENCE CALLER: Musgrave Minerals (ASX: MGV) is currently busy carrying out reverse circulation (RC) drilling on the Lena deposit at the company’s Cue project in Western Australia’s Murchison district.

The Lena deposit has an existing JORC 2012 resource of 2,682,000 tonnes at 1.77 grams per tonne gold for 153,000 ounces estimated at Lena Main to a maximum vertical depth of 160 metres.

The Lena deposit consists of several gold lodes, with Musgrave considering some to hold high-grade potential at depth.

Interpretation of historical drill data has identified a high-grade southerly plunging shoot on the main lode that remains open at depth below the current JORC resource.

The current drilling program will use a combination of RC (pre-collars) and diamond drilling to better define and infill this high-grade gold shoot below the existing resource.

The aim of the program is to improve the geological confidence in the continuity of the mineralisation by reducing the drill spacing to enable an upgrade of the Lena resource estimate.

Musgrave Minerals managing director Rob Waugh sat down with The Resources Roadhouse at the 2019 Diggers & Dealer Mining Forum in Kalgoorlie to provide an update on how the drilling was progressing.

 


Email: info@musgraveminerals.com.au

Web: www.musgraveminerals.com.au

 

Emu NL Chases Chilean Success

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THE CONFERENCE CALLER: Emu NL (ASX: EMU) secured a three-year extension to its option to purchase the Vidalita concessions in Chile.

These comprise six of Emu’s 51 concessions (granted and applications) and cover 1,580 hectares or approximately 12 per cent total area of 136 square kilometres held by Emu at its Elevado project.

The Vidalita concessions cover the discovery hole the company announced earlier this year and the area that has been the main focus of Emu’s prospecting and exploration effort.

The Elevado project is located within the Maricunga gold belt in the Atacama Region, northern Chile that hosts numerous world-class gold and silver projects.

EMU non-executive director Gavin Rutherford spoke with Wally Graham of The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie.

 


Email: info@emunl.com.au

Web: www.emunl.com.au

 

 

Moho Resources Gets on The Go Go Go

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THE CONFERENCE CALLER: Moho Resources (ASX: MOH) listed on the Australian Securities Exchange in November 2018 on the back of an IPO that raised $5.3 million.

The company has endeavoured to spend this money on exploration activities on its portfolio of projects in both Western Australia and Queensland, two well-known Australian mining jurisdictions that include three highly prospective projects at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by mining industry identity Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as managing director, commercial director Ralph Winter and Adrian Larking, lawyer and geologist, as non-executive director.

Ralph Winter sat down with The Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgoorlie to discuss how the company’s drilling programs are progressing.

 

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au