VMS 5.26% 1.8¢ venture minerals limited

Ann: New Drill Program to Target High Grade Zones at Jupiter, page-15

  1. 3,627 Posts.
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    "PL to take a more comprehensive and production state of mining, before any further drilling takes effect."

    PL is PA. This program are Indicated Infill (250 by 250 grid) for feasibility studies. Bankable!!.

    Feasibility=Stockfeed Basket/3D=ML application=MOU=Off Takes.

    Whilst the drilling team are on site and at $16/mt why not punch 70 odd holes into known targets outside the Jupiter zone. The rigs are on 6-8tonners and only need to relocate a few km.

    BTW Stockfeed Basket

    1/ To understand clay host and types of minerals in that basket.
    2/ To understand the number of Stockfeeds in the deposit. Jupiter.
    3/ To understand Metallurgy extraction of each targeted stockfeeds and how that chemistry effects different Baskets.
    4/ To understand what type of Stockfeed is need to facilitate an Off Take.
    5/ To understand the economic of scale of each Stockfeed and establish a correct viable Basket Price for both producer and refiner.
    6/ Finally to understand DSO protocols to blend into refineries ROM..eg % concentrate.

    Lots to do before Off Take but I'm aiming at a MOU next year.........would be a huge achievement.

    GL with your investment.

 
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