re: Ann: Mount Lindsay delivers Australia'... The last paragraph is of interest. I suppose the next question is, who will partner VMS in this venture!!??
The Inferred Tin Resource of 23Mt @ 0.2%Sn for 49,000t of contained Tin Metal at the Mount Lindsay Project now ranks
as the 3rd largest JORC compliant Tin Resource in Australia, only surpassed by Metal X Ltd’s world class
Renison Bell Tin Project and its tailings retreatment project, Rentails. With Tin selling at ~A$17,000/tonne the new Inferred Tin Resource adds substantial value to the previously announced Inferred Iron Resource.
In addition the Mount Lindsay Project has delivered an Inferred Tungsten Resource of 5.7Mt @ 0.3%WO3 for 14,000t of
Tungsten Oxide which has a similar value per tonne to the tin metal, effectively increasing the contained metal by a
further 29% to 63,000t.
Importantly, the Inferred Tin and Tungsten Resources stated above are contained within, or immediately adjacent to the
recently announced Inferred Iron Resource of 30Mt @ 33%Fe. With three commodities in one mineralised body Venture is
firmly focussed on developing a mining operation that extracts the Iron, Tin and Tungsten, thereby potentially delivering a very low cost and profitable mining operation.
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