Time For Tin and a New Nickel Target: Venture Minerals
THE CONFERENCE CALLER: Venture Minerals (ASX: VMS) is excited to start drilling a new nickel target next week at its tenements in northwest Tasmania, managing director Andrew Radonjic told the 2023 RIU Explorers Conference. By Ngaire McDiarmid
The company announced the drilling program today ahead of Radonjic’s presentation.
The target was described as sitting within the same ultramafic belt that hosts the 264,000 tonne Avebury nickel deposit, 25km to the southwest.
Venture has a diverse portfolio, including a Joint Venture with Chalice Mining in Western Australia, the Riley iron ore mine on care and maintenance and the Mount Lindsay tin-tungsten project in Tasmania.
The company was looking to have the second tin mine in Australia, Radonjic told delegates.
“Tin is three times the price of copper [about US$33,000 per tonne],” he said.
“The time for tin is now.”
He said tin was dubbed a spice metal, as it was used in minor amounts but was vital in electronics applications, including mobile phones.
Venture is refocusing its development approach at Mount Lindsay, which also hosts the Reward rare earth element (REE) discovery and the Cruncher REE-tin exploration target.
