MD Hamish Halliday commented that the prefeasibility study suggested that the project had the potential to transform Venture into a successful mining company.
?Following the completion of the prefeasibility study, we can now start a bankable feasibility study as well as continuing to maintain an aggressive approach to exploration,? he added.
The bankable feasibility study would include additional infill drilling on the Main and Number 2 skarns to increase the resource category to the measured category, as well as extensive drilling targeting the neighbouring skarns to potentially deliver additional tons.
Meanwhile, Venture has also initiated a project finance strategy, which includes engaging with global investment banks and other industry financiers, to deliver a finance package for the development of the Mount Lindsay project.
VMS Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
