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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	VMS
Latest Price:	0.35 (6.06% )
52-week High:	0.59
52-week Low:	0.27
Market Cap:	77.38M

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Venture Minerals

Venture Minerals' (ASX: VMS) focus is on developing the Mt Lindsay tin/tungsten Project in northwest Tasmania. Venture has already defined one of the worlds largest undeveloped tin projects and is currently completing a bankable feasibility study on the Mt Lindsay Project.

Venture Mineral's Mount Lindsay iron resource increases 50%

Tuesday, January 06, 2009 by Proactive Investors

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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