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2.1¢ venture minerals limited

Strong interest, page-147

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AE23

531 Posts.

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13/05/24

12:43

Post #: 73795885
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Originally posted by rusty02: ↑

Hi AE23
The upcoming assays, Mets and JORC applies to the current area covered by the MAG and Graph survey which is the 7km strike. Not the 40km2 lease. Of that AR will be concentrating on a maiden mangable pit design of 1-1.5km2 target hence the initial target of around 100mt, excellent numbers considering many more known anomalies over the 40km2 let alone the new acquired leases. As this current zone (7000 by 750m) is opened in many areas the economics of scale could be quite impressive.

You are correct though, this can all fall down if Metallurgy doesn't show viability. As discussed in previous post IMO quite optimistic in dealing with lighter dry course clay loam host.

To have the ability to feed either Iluka or Lynas with a starter pit 100mt @ 2000ppm knowing multiple anomalies are in the scope is a good outcome. No reason why a simple screening flowsheet included in the feasibilities to match Lynas ROM input. AR seemed to concentrate his presentation towards Iluka refinery supply.
GL @AE23

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Thanks Rusty

That paints an even better picture if we're only talking the 7km.

This could genuinely end up being the worlds biggest REE discovery if we take the full tenement into consideration.

VMS Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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