THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is looking to take advantage of current high tin prices and has commenced drilling at the company’s Mount Lindsay tin-tungsten asset in Tasmania.
Mount Lindsay is already classified by the Australian Government as a Critical Mineralsthat Venture Minerals has further enhanced by the identifying several high priority Renison style tin drill targets via a recently completed major EM Survey.
The Mount Lindsay tin-tungsten project contains one of the largest undeveloped tin deposits in the world, containing in excess of 80,000 tonnes of tin metal.
The Mount Lindsay target is along strike to the high-grade Renison Bell tin mine and is supported by a historic alluvial tin field and coincidental electromagnetic (EM), magnetic and geochemical anomalies.
Enture Minerals’ timing is on the money with tin currently recognised as a fundamental metal to the battery revolution and new technology and the International Tin Association predicting a surge in demand driven by the lithium-ion battery market of up to 60,000 tonnes per annum by 2030.
“With record Tin Prices it’s a great time to be drilling our recently identified High Priority Tin Target along strike to Renison Bell, one of the world’s largest and highest-grade tin mines,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.
“Tin is a critical EV metal and the discovery of another tin deposit will only add to the highly credential Mount Lindsay tin-tungsten project, which already contains one of the largest undeveloped tin deposits in the world.
“Mount Lindsay has the potential to become flagship asset for the company and once developed could supply responsibly sourced tin to the EV revolution.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE