Venture Minerals hits High NdPR at Jupiter Deposit

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