Venture (ASX:VMS) sight boron boon at Mount Lindsay

Venture Minerals have eyed large-scale tin and boron at its flagship Tasmanian Mount Lindsay project, potentially boosting its fame as one of the world’s largest tin deposits.

The borate minerals containing large quantities of the pricy elements have shown up throughout the project area’s numerous skarns.

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Venture Managing Director Andrew Radonjic said there is scope to extract large volumes of versatile and technologically in-demand metalloids.

“In addition to being a significant tin-tungsten deposit, Mount Lindsay also has the potential to be a large-scale Boron project, similar to producing projects in China and Russia, particularly when you consider the multitude of targets outside the Main and No.2 Skarns containing significant quantities of Boron with Tin and Iron,” Mr Radonjic said.

“The Company will now look to define the process of extracting the Boron along with the other already proven Critical Minerals Tin and Tungsten. Venture looks forward to continuing to advance its feasibility studies and delivering results at its flagship Mount Lindsay Project over the coming months,” he added.

Exploration for boron has been rising in tune with demand in recent years.

Already known for varied use in the electronics, energy and agriculture industries, the development of new technologies has expanded the potential uses of an element with limited supply and reserves cornered within the borders of scant few nations.

A partnership with CSIRO will explore metallurgical recovery work to include the tin-borate mix in its upcoming feasibility study.

Geology Map showing High-Grade Tin-Tungsten Targets and Tin-Boron Skarns

VENTUREMIN FPO [VMS]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Venture Minerals Limited engages in the exploration and development of mineral resources in Australia. The company explores for tin, tungsten, nickel, copper, lithium, gold, iron, zinc, REE, and PGE deposits. Its flagship project is the 100% owned Mount Lindsay project that covers an area of approximately 178 square kilometers located in north-western Tasmania. The company also holds 100% interest in the Brothers project along with the Iron Duke JV project that covers 1,091 square kilometers located in Western Australia; and the Bandy project that covers 809 square kilometers tenement package located in Western Australia. In addition, it holds interest in South West project that covers 256 square kilometers tenement package located near south of Perth; the Golden Grove North project that covers an area of 288 square kilometers and located in Western Australia; and the Kulin project comprises of four granted exploration licenses that covers an area of 606 square kilometers and located near south-southeast of Perth. Further, the company holds interest in the Riley DSO and Livingstone DSO Hematite projects, both located near its Mount Lindsay project, North West Tasmania. Venture Minerals Limited was incorporated in 2006 and is based in West Perth, Australia.

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