It seems like marketing has stepped up a notch. Another recent...

It seems like marketing has stepped up a notch. Another recent piece.

Minefield: Small miners with big friends
By Tim Treadgold from InvestSMART
Thu 27 September 2018 04:30 PM

Venturex (VXR:ASX)
A third example of a base metal explorer striking a deal with a bigger cash-rich partner is Venturex Resources, which is in the final stages of a feasibility study into the Sulphur Springs copper and zinc project in WA.
Like Peel, its well-heeled friend is a goldminer, Northern Star, which is interested in diversifying from its near-total reliance on gold.
Earlier this week Northern Star agreed to provide a $2 million loan so Venturex could complete the definitive Sulphur Springs mining study.
If developed the project would produce copper concentrate at the rate of 60,000 tonnes a year, plus 45,000 tonnes of zinc concentrate.
Venturex has been able in recent months to cut the capital cost of the project by $18.7 million to $65.4 million largely through a saving made on acquiring a second-hand accommodation camp.
Northern Star, which is already the major shareholder in Venturex, provided the $2 million loan at an interest rate of 8 per cent, repayable after 12-months in cash or with Northern Star taking Venturex shares in lieu.
On the market, Venturex has reclaimed a price of 18c after sinking to 16c last week.