Venture Minerals

ANDREW RADONJIC

MANAGING DIRECTOR

(ASX:VMS)

◾ Company Name: Venture Minerals ◾ Company ASX code: VMS ◾ Key commodities: Tin, tungsten ◾ Key Personnel: Mel Ashton, Chairman | Andrew Radonjic, Managing Director | Jamie Byrde, Company Secretary ◾ Locations: Tasmania, Western Australia ◾ Market Cap as of 15/07/22: $50.32M ◾ Share price range over 12 months as of 15/07/22: $0.135 - $0.027 ◾ Company Website: ventureminerals.com.au

COMPANY PROFILE

Queensland’s Alpha HPA is a technology Venture Minerals is a majority exploration company based in Perth, Western Australia, operating its current flagship Mount Lindsay Tin-Tungsten Project in North-West Tasmania, which is already recognised as one of the world’s largest undeveloped tin deposits.

Venture managing director Andrew Radonjic says the company is excited at the prospect of seeing tin production begin at Mount Lindsay, as demand for the so-called “spice mineral” looks set to remain high, and will continue to keep growing.

The “spice mineral” moniker stems from the fact that there are sprinklings of tin in just about everything we use in our day to day lives, Radonjic says.

“While the average smartphone might only contain about $0.04 worth of tin, it certainly wouldn’t function without it.”

“There are not that many tin operations in the developed world,” Radonjic says. “Renison is really the only other one in Australia, and we’re about 12km along strike from that mine in an historic tin producing district.”

The company has invested $40 million so far as part of its plan to convert Mount Lindsay into an underground mine and leverage off the previous work done at the site during the current feasibility studies with plans to move towards construction at the site in 2024, and production in 2025.

Moving underground means that tin production at Mount Lindsay is far more ecologically friendly than other current alluvial methods employed in many other developing countries throughout the world, which often involve dredging river beds or the ocean floor.

But that’s only part of the ecologically forward-thinking elements of the Mount Lindsay project, as Venture plans to hook into available, renewable hydro energy resources to power the operation.

As a means of keeping cash flowing through the company, Venture is also operating the neighbouring Riley Iron Ore Mine, where production has begun but is currently on hold while the company waits for iron ore prices to improve, and freight prices to go down.

In Western Australia, Venture is currently involved with Chalice Mining (ASX:CHN), with the latter completing an earn-in at Venture’s Thor prospect, which the company remains tremendously excited about because of its striking similarities with Chalice’s own world-class Julimar Nickel-CopperPGE target.

Venture and Chalice recently announced a win at Thor, after an Auger Soil Geochemistry program identified two new target areas having magmatic Ni-Cu-PGE sulphide potential, supported by underlying geology that is consistent with the presence of ultramafic rocks.

Meanwhile, at the Company’s Golden Grove North Project, it has already identified four priority VMS (Volcanogenic Massive Sulphide) drill targets along strike to the world class Golden Grove Zinc-Copper-Gold Mine.

Naturally, a mining company with this sort of workload on the books isn’t operated by one man, despite his three decades of experience as a geologist and senior mining executive, and a career that already has a resource production count in the millions of gold ounces.

Chairman Mel Ashton has enjoyed a four-decade career in chartered accounting, specialising in Corporate Restructuring and Finance and as a Professional Company Director, while company secretary and CFO Jamie Byrde, who is closing in on the 20-year mark for his career and specialises in Financial Management, ASX and ASIC compliance and Corporate Governance of mineral and resource focused public companies.

KEY INVESTMENT HIGHLIGHTS

JULY 13, 2022: Chalice Mining identifies new Ni-Cu-PGE targets at Venture’s South West Project. FEBRUARY 15, 2022: Venture dishes up ‘exceptional’ tin-tungsten at globally significant Mt Lindsay. DECEMBER 16, 2021: Venture Minerals hauls in ‘record breaking’ 147m-long tin intercept at Mount Lindsay.