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Venture Minerals Targeting High-Grade TREO Zones at Jupiter

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is back out drilling at the company’s Jupiter rare earth discovery in Western Australia.

Venture Minerals is conducting the drilling program targeting high-grade mineralisation at Jupiter.

The new program follows recent modelling completed by Venture of zones of high-grade mineralisation in both the northern and central zones of the large-scale system.

The priority drill program will focus on further defining these zones within Jupiter’s northern margin zone where recent results show intersections in the 5,000 – 10,000ppm total rare earth oxide (TREO) range.

In addition to the drill program the company is continuing to work towards its maiden resource estimate and finalising its comprehensive metallurgical program.

“Following a plethora of impressive drill results throughout the entire 40 square kilometres Jupiter project, we are excited to focus our attention on further defining the substantial high-grade zones identified within the system,” Venture Minerals managing director Philippa Leggat said in the company’s ASX announcement.

“The completed resource drilling has provided us with valuable data for our maiden resource estimate and highlighted sizeable zones of high-grade mineralisation.

“Our new drilling program will be focussed on these priority targets as well as testing some of the regional targets in the broader Brothers project surrounding Jupiter.

“I look forward to sharing results with shareholders as we drill test these interesting targets over the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Venture Minerals Records Further High-Grade TREO Drilling Result at Jupiter

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THE DRILL SERGANT: Venture Minerals (ASX: VMS) announced further drilling results from the company’s Jupiter rare earth elements (REE) discovery in Western Australia.

Venture Minerals has been drilling targeting the northwest quarter of Jupiter, from where it claimed, “another record-breaking result” of:

BRAC281
57 metres ta 3,430ppm total rare earth oxides (TREO).

Venture Minerals said it is now well positioned to complete its maiden Mineral Resource Estimate, with drilling confirming broad zones of high-grade, REE mineralisation over the entire 40 square kilometres Jupiter system.

“With this batch of results we’ve now received assays from drilling over the entire Jupiter system and the potential they indicate for our upcoming Maiden Resource has heightened our anticipation,” Venture Minerals managing director Philippa Leggat said in the company’s ASX announcement.

“These results come at a time when we have secured 100 per cent ownership of the project and attracted high-quality, institutional investors to fund the company for the next 18 months.

“I look to working with stakeholders and shareholders as we focus on unlocking the full potential of the Jupiter discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Delivers More REE Intersections at Jupiter

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) newly minted managing director Philippa Leggat was quick out of the blocks to announce the first batch of assay results from recent drilling at the company’s 70 per cent-owned, clay-hosted Jupiter rare earths project in Western Australia.

Venture Minerals declared the latest Jupiter assay results had continued to deliver consistent high-grade zones (+2,000ppm TREO) over 20- 30 m widths, within broader zones up to 80 metres grading well over 1,000 ppm total rare earth oxide (TREO) with thorium and uranium levels remaining consistently extremely low.

These results continue to validate geophysics over the entire 40 square kilometre Jupiter target.

“The great intersections just keep on coming at Jupiter!” Philippa Leggat said in the company’s ASX announcement.

“Another batch of drilling results and another record clay-hosted REE drill intersection.

“It’s fantastic to see infill drilling continue to deliver such consistent results, with impressively broad zones of high-grade mineralisation confirmed in hole-after-hole.

“This is the kind of substance that builds a meaningful project.

“We have an incredible team working on Jupiter, led by experienced geologist Dr Stuart Owen.

“Dr Natalee Bonnici (ex IGO and Northern Star) is a geo-metallurgist who recently joined our team, bringing her specialist skills to our understanding of the mineralisation at Jupiter.

“Their work is the foundation that means our metallurgical work will be done on representative samples.

“We are doing the work the right way, because this project is too big and too good to be wasted on short-cuts.

“Jupiter’s scale, grade and tier 1 location all play into the strategic nature of this discovery.

“They infer the incredible potential which attracted Nick Cernotta and Tim Lindley to join the Board.

“This potential is the basis for our vision to restructure the company to become one of the best rare earths and critical minerals companies in Australia, while delivering meaningful shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Kicks Off 300 Drillhole Program at Jupiter

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) informed the market of the commencement of a Stage Two Resource definition drill program at the company’s clay hosted Jupiter Rare Earths prospect, located in the Mid-West region of Western Australia.

Venture Minerals said the 300 drillhole program will bring the drill density across the 40 square kilometre target to a 500 metres by 250 metres spacing that will provide the necessary data for a Maiden Resource estimate at Jupiter.

The campaign is following up on assay results Venture received from drilling completed late last year that delivered further consistent high-grade zones (+2,000ppm TREO) over 20-30m widths, within broader zones up to 72m grading well over 1,000ppm TREO with thorium and uranium levels remaining consistently extremely low.

This program included an impressive intersection of:

BRRC061
9 metres at 5020ppm total rare earth oxides (TREO) from 22m, including 4m at 9550ppm TREO from 24m.

“With the recent record drill results delivered by the first two batches of assays from the Stage One Resource definition drill program at Jupiter, the company has committed to an extensive 300 drillhole Stage Two program to accelerate towards delivering the much-anticipated Maiden Resource,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“The highlights to date clearly demonstrate that Jupiter is emerging as a Major, Rare Earths discovery in the Tier One jurisdiction of Western Australia, located between Lynas’s existing plant and Iluka’s planned Rare Earth processing facilities.

“Shareholders should expect plenty of news flow in the following weeks with assays from the final batch of the Stage One program due shortly and assays from the several batches of samples that will be submitted over the course of this current drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals hits High NdPR at Jupiter Deposit

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has received the second batch of assay results from a recently completed Stage One Resource definition drill program at the company’s Brothers project, located in the Mid-West region of Western Australia.

Venture Minerals conducted the drilling at the large-scale, clay hosted Jupiter rare earths elements (REE) Jupiter prospect, which encountered the best intersection to date of the critical rare earth elements Neodymium (Nd) and Praseodymium (Pr) at the prospect.

The latest assay results from the drilling completed late last year have delivered further consistent high-grade zones (+2,000ppm TREO) over 20-30 metres widths, within broader zones up to 72m grading well over 1,000ppm TREO with thorium and uranium levels remaining consistently extremely low.

The company said the results continue to validate geophysics and cover only a small portion of the 40 square kilometres Jupiter target.

Included in this second batch of assay results is a record intersection of:

BRRC061
9 metres at 5020ppm total rare earth oxides (TREO) from 22m, including 4m at 9550ppm TREO from 24m.

“Jupiter continues to deliver broad zones of high-grade mineralisation with standout levels of REE minerals that are in high demand,” Venture Minerals managing director Andrew Radonjic said I the company’s ASX announcement.

“The record intersection of over 5,000ppm of NdPr oxides in these results compliments the previous batch of very-high grade results.

“Neodymium and Praseodymium are vital to the manufacture of permanent magnets for decarbonisation and defence applications.

“The scale, high-grade nature of the results and prime location of the project provide all the necessary ingredients to position Jupiter as a Major, Rare Earths discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Scores Record Jupiter TREO Drill Hit

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) will be requesting punter form an orderly queue at its RIU Explorers Conference booth following this morning’s announcement.

Venture Minerals announced the first batch of assay results to be received from a recently completed Stage One Resource definition drill program at the large-scale, clay hosted Jupiter Rare Earths Elements (REE) prospect at the company’s Brothers project in the Mid-West region of Western Australia.

Venture Minerals declared the results validate its geophysics while covering only a fraction of the 40 square kilometres Jupiter target.

The headline drilling result of:

BRRC 71
48 metres at 3,025ppm total rare earth oxide (TREO)

…was claimed by Venture as being the highest grade, clay hosted REE intersection in Australia.

Other high-grade results were encountered, including assays up to 10,266ppm and 20,538ppm TREO, with the latter, again being claimed by Venture, as one of the highest clay hosted REE assay results in Australia to date.

“These record breaking ultra-high grade REE clay results, for Jupiter, place us well above our peers in terms of both grade and scale,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“What’s incredible is that these results are not isolated.

“They confirm consistent grades over 2,000ppm TREO in broad widths of 20-30 meters in 96 per cent of the holes and that is sitting within zones of around 60 metres over 1,000ppm TREO.

“We have lots of news flow to come, with further results pending for our Maiden Resource drill program.

“This drilling is widely spaced and down the track we will be working on infill drilling with the potential to uncover more impressive grades.

“Most drilling will be shallow aircore and RC, so its highly cost-effective.

“Keep in mind that these results cover a small area of our enormous, 40 square kilometres target and you can certainly understand that Jupiter is shaping up to be an incredibly impressive project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Venture Minerals Defines New REE Target at Brothers

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) announced the identification of a new large REE target within the company’s Brothers rare earths elements project in Western Australia.

Venture Minerals has defined, what has been named, the Jupiter prospect as a coincident gravity and magnetic anomaly extending over 40 square kilometres that hosts extensive REE rich clays.

The company has carried out reconnaissance aircore drilling that has shown a strong correlation between the magnetic/gravity highs and the broad widths of near-surface, high-grade total rare earth oxide (TREO) results.

Venture believes there to be potential to deliver a substantial resource from these results and has follow up drilling in train to commence shortly.

The company also received the first batch of one metre split samples from a previously announced reconnaissance Air Core drilling program, including one metre splits for drill hole BRAC036 from the Jupiter target, which it has interpreted to confirm the high tenor and thickness of the clay hosted REE mineralisation at the Jupiter target.

The Brothers project is approx. 250kms from Iluka’s Eneabba Rare Earths Refinery, which aspires to be in production in 2025 and approx. 520kms from Lynas Rare Earths currently operating Mount Weld Concentrator.

“The recent exploration work at Jupiter suggests that Venture has the makings of an exceptional Rare Earths project, capable of delivering a large scale, high-grade, clay hosted rare earth resource in a short period of time,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Being located in Western Australia, with excellent access to infrastructure as well as existing and planned rare earth processing facilities are additional benefits.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE