Rooster Talk 72 with Andrew Radonjic is all about Venture Minerals Limited (ASX:VMS, OTC:VTMLF) building a rare earth project portfolio.
It is no surprise that Venture Minerals is now adding rare earths to its portfolio. The creation of a decarbonisation mineral exploration portfolio makes complete sense.
Venture expands REE strategy with new priority targets in Western Australia
The rare earth bandwagon?
The phrase "rare earths are not very rare" is now way too overused. The REE scene has kind of matured in an accelerated way. One of the best Samso conversations is with Brett Hazelden, the Managing Director of OD6 Metals Limited.
Check out the first Coffee with Samso that Brett did with Samso. It is a great start to understanding what it takes to develop a Rare Earth project.
OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story.
New Projects
As Andrew Radonjic, Managing Director of Venture Minerals mentioned, Venture Minerals has been looking at Rare Earth projects for a while now. Their first mention was the discovery of REE within the Mount Lindsay project. This was first released on 20th September 2022. All the news releases are listed below.
Venture unearths REE mineralisation immediately adjacent to Tin Zones at Mount Lindsay
Venture discovers 12.5% REE mineralisation at Golden Grove North
Venture commences drilling at new, high priority REE-Tin target at Mount Lindsay
Venture expands REE strategy with new priority targets in Western Australia
Another bow to war chest
To me, this is part of the reasons why I like Venture. Don't get me wrong, I am not saying that Venture is travelling well now. The market sentiment for the company has not been kind. To add more issues, the general equity market is also poor. The share price is an indication of the company's position with the market.
I see Venture creating value with the introduction of the rare earth story. The market is running hot on rare earths. The long-term narrative for the permanent magnet story is strong. It is not going to happen in 5 years but if the geopolitical situation keeps going, then this is going to be a major story.
Samso's Conclusion
History tells us that there is never certainty. History also tells us that when bullies get together, it never ends well. China is now a bona fide player in world politics and there will be a shifting of participants on the world stage. The US and the West will begin to react or have reacted and this will lead to a shift of how natural resources are sourced.
We all know that for the world economy to function, there has to be a balanced sharing of wealth. In this case, the wealth is where you source minerals. We are already seeing changes in geopolitical commentary of who should be and should not be dominating resources.
Hence, the path forward will be positive for resource nations like Australia. Venture, like all the other companies, will reap the rewards of the changing geopolitical game. The introduction of REE into the portfolio will do no harm. What they will find eventually is the question but Nothing Ventured, Nothing Gained.
Tune in to Andrew's thoughts here.
Chapters:
00:00 Start
00:20 Introduction
00:52 The REE path.
02:34 The New REE projects.
06:52 Can EM help define targets at Bandy and Brothers project?
09:10 Clay REE vs. Hard Rock REE - Discussion.
11:25 How can the large Venture portfolio be managed?
17:09 The Path Towards Decarbonisation.
23:00 The importance of being Polymetallic.
27:00 Market narrative is all about Market Demand.
28:19 Demand for Commodities are known to be driven by World Current Affairs.
33:10 Conclusion
PODCAST
About Andrew Radonjic
Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM
Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone (NYSE:BX) Minerals Limited (ASX: BSX).
About Venture Minerals Limited (ASX:VMS, OTC:VTMLF)
Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits.
With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work.
At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project.
At the Company’s Golden Grove North Project, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target (NYSE:TGT) Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine.
Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project.
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