I have been a fan of tin since about 2002, and tungsten in 2012, when I started to get serious about the corporate side of the Australian Stock Exchange (ASX). I was looking at several places, such as Tasmania, Indonesia, Malaysia and Burma. Tin has been one of the higher-priced metals, but the market has not been good.
It was highly manipulated in the Malaysian dominance time and I think it has not been well since then. I do not know the reason for the recent rise in tin pricing but it seems to have a lot of legs as the spot price is nearly US$30,000 per tonne. This is definitely worth noting as the world prepares itself for the EV revolution.
Andrew Radonjic shares the story of Venture Minerals Limited’s (ASX:VMS) Mount Lindsay Tin and Tungsten project in the northwest part of Tasmania.
What is unique about this project is that a bankable feasibility study was completed in 2012 which is the best proof of concept.
If you want to know something about this project, you must make yourself a cup of good coffee and spend the next 45 minutes taking notes.
You will not be disappointed as Andrew tells us all about the value that gave the company a A$100 million market capitalisation in 2012.
About Andrew Radonjic
Andrew Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia.
Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie.
He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces.
About Venture Minerals
Venture Minerals Limited is exploring in Western Australia for copper-lead-zinc at the Thor Prospect, nickel-copper at the Odin Prospect, nickel-copper-cobalt at the Caesar Project, gold at the Kulin Project and zinc-copper-gold at the Golden Grove North Project. Recently the maiden drilling program at Thor intersected massive sulphides confirming the copper-lead-zinc target is a 20-kilometre VMS-style system. Thor is now a top priority target for Venture moving forward.
Chalice Gold Mines (ASX:CHN) has also recently committed to spend up to $3.7 million in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike nickel-copper-PGE target.
The company’s initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in northwest Tasmania. The company has already defined one of the world's largest undeveloped tin deposits and has completed a feasibility study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway.
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