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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:VMS
News: Latest news
Web Site: Venture Minerals
Other Articles: 19-01-201009-12-200901-12-2009

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Venture Minerals

Venture Minerals

Venture Minerals was listed on the ASX on 25 September 2006 after successfully raising $5 million.  The primary objective for Venture Minerals is to discover and develop world class energy and/or mineral deposits. The current focus for the company is realising the full economic potential of the Mount Lindsay Magnetitie-Tin Project in Tasmania.

Tuesday, January 06, 2009

Venture Mineral's Mount Lindsay iron resource increases 50%

by Proactive Investors company news image

Venture Minerals (ASX:VMS) has announced a promising 50 per cent increase in JORC compliant Inferred Iron Resources at the Mount Lindsay Magnetite-Tin Project in Tasmania.

The company has an upgraded Inferred Resource of 30Mt @ 33%Fe for Main Zone & No.2 Zone only.  The 30Mt resource is located only 1.5km from a sealed road providing direct access to existing rail and port facilities.  The company believes there is substantial upside potential with a further 36km of interpreted magnetite
skarns still to be tested.

Venture Minerals is targeting a minimum of 40mt of inferred iron resources at Mount Lindsay which it believes a scoping study would show the project should support a 10 year mining operation. The company's managing director Andrew Radonjic indicated, "Venture is confident that it can achieve this goal (40mt) in the near future from drilling of identified exploration targets".

Venture Minerals was trading at 9.1 cents on trading volume of 151,000 shares.

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