Rooster Talk Episode 41 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS)
Tin price has been settling in the USD32,000/t mark for a few weeks and optimism is rising high for this commodity.
Ever since I started covering Venture Minerals and publishing the very first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS) in October 2020, I have been a strong advocate of the quality of their projects.
Since then, Venture Minerals has been de-risking each project. The dark horse has always been the flagship Mount Lindsay Tin-Tungsten project in Tasmania, Australia. The company has spent up to AUD35 Million on the project and has seen good and tough times. The last few years have been frustrating as commodity pricing has been threatening to break out but with no cigars. However, the recent movement in pricing did not bring a sharp rise in the Tin price. This rise has come back with friends in the form of ESG (Environmental, Social and Governance and the EV revolution.
Today, Andrew Radonjic shares with us:
The rising Tin price
The dwindling supply-demand equation.
Mount Lindsay Tin-Tungsten project
Tin and what makes a Tin project work
Chapters:
00:00 Start
00:27 Andrew talks about Venture Minerals' recent announcement.
01:59 What does Andrew think about the Tin price and ESG?
07:11 The real story of Tin supply issue.
11:33 Mount Lindsay has great geology.
17:26 How Tungsten could add even more value to Mount Lindsay?
22:00 How long will the current drilling take?
23:55 Conclusion.
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PODCAST
About Andrew Radonjic
Mr. 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.
Mr. 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 Limited
Venture Minerals Limited (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay TinTungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution have refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work.
In Western Australia, Chalice Mining (ASX: CHN) recently committed to spending up to $3.7m in Venture’s South West Project, to advance the previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target.
At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has recently completed a maiden drill program designed to bring forward a potential new gold discovery at the Kulin Project.
Latest ASX Announcement
Download their ASX Announcement dated 26th May 2021: Drilling commences on High Priority Tin Target - Mt Lindsay
Disclaimer
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
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