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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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Thursday March 11, 10:17Eco Animal Health Group: moves into US and China could be transformational

Aivlosin® now accounts for more than half of global sales for ECO. Sales in China during FY 2009 were more than 60% ahead of the previous year, and expectations for FY 2010 indicate similar progress.

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Thursday March 11, 07:27BP shells out US$7 billion for Devon Energy's assets in Brazil, Gulf of Mexico and Azerbaijan

In addition, BP will sell to Devon Energy a 50 percent stake in BP's Kirby oil sands interests in Alberta, Canada, for US$500 million.

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Tuesday March 09, 09:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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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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