Rooster Talk: Realising Riley's value - Venture Minerals

Venture Minerals is ticking all the boxes and is advancing along the path towards being a producer and realising up to A$100 million of value.

Samso chats with Venture Minerals managing director Andrew Radonjic.

The first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX:VMS) was published on October 26, 2020. When we started that journey with the company, there was not a lot of value being placed on the Riley's hematite project in Tasmania. Things have changed a lot since then with a rising iron ore price to a near all-time high.

Today, Andrew Radonjic shares with us:

• The significance of the latest announcement on the Riley's hematite project;
• The long-awaited journey to mining an iron ore mine;
• The challenges of getting all the team in place to make the mining process possible;
• When will the company see cashflow; and
• What will mining mean to the company.

PODCAST:

About Andrew Radonjic

Andrew Radonjic is a geologist and mineral economist with more than 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia.

He began his career at the Agnew Nickel Mine before spending more than 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of in excess of 1 million ounces.

About Venture Minerals

Venture Minerals Limited (ASX:VMS) is exploring in Western Australia for copper-lead-zinc at the Thor Prospect, nickel-cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver nickel-cobalt discovery), nickel-copper (new target) at the Odin Prospect and nickel-copper-cobalt at the Caesar Project.

Recently the maiden drilling program at Thor intersected massive sulphides confirming the copper-lead-zinc target is a 20-kilometre VMS style system. Thor is now a top priority target for Venture moving forward.

The company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in northwest Tasmania. The company has already defined one of the world's largest undeveloped tin deposits and has completed a feasibility study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway.