Venture Minerals identifies massive new REE target
Melbourne, Victoria
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November 09, 2023 05:45 PM Eastern Standard Time
Venture Minerals Limited (ASX:VMS, OTC:VTMLF) MD Andrew Radonjic tells Proactive the company has uncovered a significant rare earth element (REE) target now known as the Jupiter prospect at the Brothers Project in Western Australia. The discovery forms part of a 40-square-kilometre area characterised by a coincident gravity and magnetic anomaly, hosting extensive REE-rich clays. This finding, made following reconnaissance aircore drilling, indicates a strong correlation between the magnetic and gravity anomalies and high-grade total rare earth oxide (TREO) results near the surface.
Venture Minerals is dedicated to discovering and developing world-class mineral deposits to meet global demand for critical minerals vital to the green energy transition.
Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin Tungsten Project in northwest Tasmania, already one of the world’s largest undeveloped Tin-Tungsten deposits.
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