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- Venture Minerals Limited (ASX: VMS) - REE Drilling Ends In Mineralisation, Western Australia.
Coffee with Samso 174 with Managing Director Andrew Radonjic is all about Venture Minerals building a Rare Earth Portfolio of projects in Western Australia. It is no surprise that Venture Minerals Limited (ASX:VMS) is now adding Rare Earths to the portfolio. The creation of a Decarbonisation Mineral Exploration Portfolio makes complete sense. Get to know Venture Minerals Limited (ASX:VMS) For those readers who have just come across Venture Minerals Limited, the best way to conceptualise the company is to see it as a Targeted Diversified Mineral Explorer with a very experienced Managing Director. Andrew Radonjic has the silver hair happening coupled with a very smart strategy. I remind many readers that when I first interviewed Venture, I coined the term Targeted Diversified Mineral Explorer. There are many diversified companies but if you have been in this industry for a long time, you start to learn to identify those that are real and those that are there to fill up space. In that first interview, I realised that the diversified portfolio in its own right has good projects. Over the years and having sat through many conversations, I believe the company is starting to create its own personality. The limiting factor is the fund allocation. In every business, there are always budgets, and Venture is no different. The Building of a Western Australia REE project In the last Coffee with Samso, Andrew Radonjic, Managing Director of Venture Minerals pointed out that the company has been looking at Rare Earth projects for a while now. The creation of a Western Australian based REE project does not surprise me at all (Figure 1). What makes this portfolio different is the location. The nearest focus on the REE news has been in the wheatbelt which is still a distance away. I cannot think of anyone that is building a project near the Venture ground. The rising trend has been in the wheatbelt region of Western Australia which is about 50km to 100km south of the current project. Recap: As we previously mentioned, the 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. Figure 1: Location of the new REE project for Venture Minerals Limited. (Source: Venture Minerals Limited). Samso's Conclusion It is no big secret that there is a REE bandwagon going around the Australian Stock Exchange (ASX) at the moment. I have just been at the RIU Conference in Sydney and had a chance to talk and look at some of these projects. The common theme is that the majority of projects have come about from resampling of previous holes. There has been little understanding of the quality of the projects other than the assays. As I have mentioned many times, my go to person for REE information has been Brett Hazelden from OD6 Metals Limited (ASX: OD6) . In his latest video, he talks about the refractory nature of some deposits. When the company completed their latest metallurgical work, it became apparent that there is a distinction between deposit types. The distinction is based on how easy it is to extract the REE. In a simplistic explanation, the OD6 commentary is that the deposits which are highly weathered are easier to extract. In the video he talks about how the deposits further away from the granitic source are more weathered. Hence, when I look at the Venture announcement, what strikes me immediately is that there are two deep holes which ended in mineralisation . Could these drill holes have gone deeper? The grades look interesting as it is nearly 50m. There are resources out there being funded with grades around less than the historical intercepts announced by Venture Minerals. The next point that strikes my interest is that the project is located in traditionally deeply weathered terrains . Some of the terrains are weathered in excess of 80 to 100m. If that is so, would the mineralisation have gone that deep? Could the troughs that span a distance act as a trap for the REE? These are hypothetical observations and I am highlighting it because this is where I feel the project may have some good differences to the other REE projects in the market. For this reason, I encourage readers to seek more information and if possible, speak to Andrew to get more information. Tune in to Andrew's thoughts here. Chapters: 00:00 Start 00:20 Introduction 01:10 The VMS Rare Earth story. 04:25 The significance of the historical drill holes. 07:33 Venture Projects Potentially in New REE Province? 08:27 What makes the VMS REE story different? 14:41 Is VMS stretching resources to fund all the projects? 19:41 Thoughts on the geopolitical issue surrounding Rare Earths. 22:56 News flow 26:49 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 35 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, totaling 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 co-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals. About Venture Minerals Limited 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, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. 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, prospective for zinc, copper and gold, Venture has a JV with SensOre, whilst retaining the rights to REEs having found very high grade REE rock chip samples in the area. 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. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook . 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. About Samso Subscribe to Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals Limited - The Birth of the Green Tin Story.
Coffee with Samso Episode 101 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS) indicates that they are a Green Tin player. Venture Minerals is now a major player in the Tin sector. The Mount Lindsay project is in the spotlight with the surging Tin price. In addition to that, the nature of the infrastructure is going to make Venture Minerals a Green Tin player by default. The Mount Lindsay project has always been the flagship project for Venture Minerals. However, the project had been shelved for several years due to a drop in tin and tungsten prices. Now, the recent surge in tin price is definitely changing the value of the project. The first drilling activity since 2012 has parked this conversation as the company is now going back to test the Renison Mine Sequence that has been the focus for Venture Minerals. What the drilling has shown is that there is a strong indication of a repetition of the mineralising sequence. Let's listen to these Chapters: 00:00 Intro 01:11 Andrew explains the drilling results and what it means for Venture Minerals Limited. 07:33 Reasons why Mount Lindsay is a Prize. 12:06 What does the 150m Alteration Halo mean ? 15:36 What is a good Tin grade? 18:55 What is the best way to mine Mount Lindsay? 23:16 Why Investors should look at the untapped potential of Mount Lindsay. 25:44 The Green Tin Story Begins. 29:56 Green Tin, a Rising Tin Price and compliant ESG for Venture Minerals. 32:01 Tin Association predicting extra demand of 60,000T of Tin. 32:24 More reasons why the price of Tin will continue to rise. 36:59 Samso's thoughts on Venture Minerals. 39:18 Final Words from Andrew Radonjic - The Grey Fox. 42:15 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM 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 also a non-executive director with Blackstone Minerals. About Venture Minerals Limited Venture Minerals Ltd (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 Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has 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 spend up to $3.7m in Venture’s South West Project, to advance 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 recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals Limited - Getting Closer to the Julimar look-alike.
Rooster Talk Episode 62 is all about why Chalice Mining Limited (ASX: CHN) chose those targets. Venture Minerals Limited (ASX:VMS) has just received some interesting news on their Thor JV with Chalice Mining. The Thor JV has been one of the company's assets with an active exploration program. It is an important part of the portfolio of assets which is worked by Chalice Mining. We have had a Coffee with Samso that was dedicated to that topic (Julimar's Twin Brother - The Thor Project - Venture Minerals Limited (ASX: VMS) - Episode 83) as there is a lot of interest riding on what Chalice is doing in the project. To me, the recent announcement that was published on 13th July has something that is very interesting. The area that they have identified is at a place where I thought was a jog or an area where some extension may have happened. This is fairly observant from the magnetic image where this distinct bend is. This is a very early stage target and I am not saying that there is an X on the ground to discover. What is nice to see is the coincidence with the geophysics. The subtle nature of the wording in the announcement is not consistent with my observation. What I mean is that if they did not find anything geochemically at that spot, I would have been disappointed. I encourage viewers to watch and listen to Andrew Radonjic, Managing Director of Venture Minerals, as today´s conversation has some good points for investors to consider with the "tough" times currently on the market. Chapters 00:00 Start 00:20 Introduction 01:01 Andrew updates. 02:55 The Two Targets. 07:26 Maybe Chalice has found the sweet spot. 12:05 The Western Yilgarn margin. 14:16 Factors that create mineral exploration discoveries. 19:48 Market and Exploration Expectations. 20:36 Other Venture projects. 24:24 The need to understand market sentiment and mineral exploration. 26:40 The need for investors to play the patience game. 27:37 Andrew´s last words. 29:05 Conclusions 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 Minerals Limited (ASX: BSX). About Venture Minerals Limited 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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, 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 met its expenditure requirement of $1.2 million to earn up to 51% with a further $2.5 million (at its election) over the next two years to earn 70% at Venture’s South West Project with new targets identified at Thor. 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 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. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals Has Too Many Jewels - The Story of Kulin and the Rising Tin Price
Coffee with Samso 96 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS) Venture Minerals is suffering from too much value in its portfolio. What was a defensive strategy to gather as many projects as possible to find a single jewel has led them to unearthing a chest full of treasures. Andrew Radonjic helps us understand the significance of the Kulin Project and why this is not just another Greenfield project. This is not a nearology play nor is it a project using namesakes to attract attention. Andrew shares with us the sound exploration deduction to create a project that will add significant value to shareholders. Kulin is a Ni-Cu-PGE target in its own right. Andrew tells us that the geology is consistent with current thinking on this style of deposits. Furthermore, a big major has taken a large tenement package adjacent to the current Venture ground. What further belief would you need on the prospectivity of this area if a major mineral company is taking big chunks of land as well? What's interesting to note is the surging Tin price. The Mount Lindsay project is set up to take advantage of the current pricing. The bigger story is that the Mount Lindsay project is naturally Green in the sense of making this a totally ESG compliant project. Do not miss out on what Andrew Radonjic has to say. Updates on the Kulin Project. Why Kulin could be a Ni-Cu-PGE project in its own right. What Ni-Cu-PGE is all about. The surging Tin price making Mount Lindsay a big bear to watch. The Green Story for Mount Lindsay. Mining Mount Lindsay may be Green due to economics and not an ESG requirement. Chapters: 00:00 Intro 01:08 Updates on Kulin. 04:42 The Thor project is not a Nearology play. 05:37 Is Kulin a New Frontier? 11:30 What is the fuss with Ni-Cu-PGE statement? 17:04 Could Kulin be a JV target? 20:45 Is the surging Tin price pushing Mount Lindsay back as a flagship project? 27:00 Could Mount Lindsay be the Green Tin producer? 31:02 Ore sorting could make Mount Lindsay even more valuable. 32:25 Great positioning to be a World Class Tin Player. 34:45 The Green Tin Story is more than a Dream. 35:41 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM 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 co-lead during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is also a non-executive director with Blackstone Minerals. About Venture Minerals Limited Venture Minerals Ltd (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 Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has 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 spend up to $3.7m in Venture’s South West Project, to advance 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 recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso This interview is also published on Brilliant-Online Brilliant-Online pushes for a better world with its interactive magazine and advertorial content. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments
- Venture Minerals Limited (ASX: VMS) - Building a Rare Earth Portfolio in Western Australia.
Rooster Talk 72 with Andrew Radonjic is all about Venture Minerals building a Rare Earth project portfolio. It is no surprise that Venture Minerals Limited (ASX:VMS) is now adding Rare Earths to the portfolio. The creation of a Decarbonisation Mineral Exploration Portfolio makes complete sense. The Rare Earth Bandwagon? The phrase "Rare Earths are Not Very Rare" is now way too over used. 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. The 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. 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 35 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 co-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals. About Venture Minerals Limited 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 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. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Julimar's Twin Brother - The Thor Project
Coffee with Samso Episode 83 with Andrew Radonjic, Managing Director - Venture Minerals Limited (ASX:VMS) The Thor Project Joint Venture that Venture Minerals has with Chalice Gold Mines Limited (ASX:CHN) is getting its first slice of action. Over the last nine months, we have done several Coffees with Samso and Rooster Talks with Venture Minerals and it has always been a great delight to discuss with Andrew Radonjic what is happening with the company. As I have mentioned many times, the projects that the company has in its portfolio are all highly prospective. You can see my comments in the very first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS). Today, Andrew shares with us the history of the project and their journey before the joint venture with Chalice Gold Mines. We discuss the merits of the work that has already been completed and what could be the thinking behind Chalice in signing this JV. The fact that there have been good exploration results within the area of interest makes this a project that has a great deal of success. Andrew talks about why this is a different mineral exploration project with what he has learned from Thor and what Julimar is unravelling with continuous work since its discovery in March 2020. Chapters 00:00 Introduction 01:33 The Resemblance to Julimar 02:18 The History of Thor 09:47 Does Chalice know the significance of Thor? 14:17 How Chalice will progress the exploration. 18:09 Geophysics will return news faster. 19:55 Does Thor have a higher chance of success? 21:32 Better Than a Stab In The Dark 23:21 Conclusion 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 is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project. Recently the maiden drilling program at Thor intersected massive sulfides confirming the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward. The Company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West 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. PODCAST Share to Grow: Your Bonus This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). Samso released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. 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. Please share If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals Limited - A Custom made Green Tin Story
Is Venture Minerals Limited (ASX:VMS) an accidental recipient of the Green Metal movement? Listen to what Andrew Radonjic, Managing Director says about this on Coffee with Samso Episode 121. Replay the #GreenTin Song The Green metal and No Emission movement has made the plight of the Tin Story important for Investors. Venture Minerals may be an accidental recipient of the Green Metal movement. The whole Green Tin story with Venture Minerals has been talked about many times. In some respect, it is almost sounding like a broken record. I don't blame readers for thinking that way. However, with the price of tin moving even higher since the last time we played the Green Tin song, I am encouraging readers to take a pause on the skip-to-next-track button and just pause and perhaps listen to this song a little more deeply. It may well have more to offer with each listening. The flagship project for Venture Minerals has always been about Mount Lindsay and to this day, that is more true than it has ever been over the decades. As the world moves into the next industrial revolution, tin and tungsten may end up being the dominant players in the metal sector. Let's listen to these chapters: 00:00 Start 00:20 Introduction 03:51 What is happening with the Thor Project? 09:06 This current market is different to the past ups and downs. 12:10 Metals that are not talked about in the past are now in the limelight. 17:56 The difference in physical tin properties. 22:57 Why Green Tin is a Reality. 25:43 The underground at Mount Lindsay is now positive for the project. 28:18 All factors favour the Green Tin Story. 30:59 What are the numbers and timing for fruiting this Green Tin Story? 33:18 Mining is a long term game. 35:53 Last words from Andrew. 39:57 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM 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 Minerals Limited (ASX: BSX). About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as the Company moved from a highly successful explorer to producer with completion of the first shipment from the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance 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 to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals Limited transitions to a Tin Mining Company.
Coffee with Samso Episode 141 is all about the progress of Venture Minerals Limited (ASX:VMS) towards a Feasibility Study and becoming a World Class Tin producer. Venture Minerals Limited (ASX:VMS) is starting to build the long path towards production and this is a great conversation with Andrew Radonjic, the Managing Director. In this episode of Coffee with Samso, Andrew shares with us the progress and what he sees as the steps to make Venture Minerals a World Class Tin and Tungsten producer. Andrew and I discuss what has been happening and he gives an update on Thor (Julimar look-alike), Kulin, and Golden Grove North. These are what we call 'the other projects' but we know that every single one of these projects has the potential to have a life of their own. What I like about Venture Minerals at this stage is that the volatility that has been a common theme with its share price appears to have abated. This is a great time for potential investors to start doing their DYOR. I urge all interested readers and viewers to reach out to Andrew and satisfy their curiosity. Patience is the key to looking at the company's future. Let's listen to these chapters: 00:00 Start 00:20 Introduction 01:09 Thor Update. 01:43 The Thor JV is now confirmed. 04:44 Thor could get bigger. 06:14 Team getting ready for upcoming Feasibility Studies. 10:26 What's the difference in the study now and in 2012? 14:18 Is the current resource robust enough? 19:22 Is the margin better now? Can the other metals be a credit to the process? 23:46 What is the potential of non-Tin and non-Tungsten metals? 30:10 What are the exploration potentials? 31:35 Could the current Geopolitical Issues be positive for the Tungsten market? 37:02 Thoughts on nationalism on metal mining. 39:53 Is the Green Tin still a possibility? 45:11 Rehabilitation can be positive for the environment. 46:46 Other projects. 49:24 News flow. 51:03 Why the feasibility study should be "easier". 52:26 Conclusions PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM 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 Minerals Limited (ASX: BSX). About Venture Minerals Limited 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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously spent +$35m on feasibility work. At the neighbouring Riley Iron Ore Mine, the company entered an exciting phase as it moved from a highly successful explorer to producer with completion of the first shipment. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test the priority 20 km long Thor 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 to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook - How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Venture Minerals on Feeding the Rise and Rise of Tin Price and World Demand.
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. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Rooster Talk Rooster Talks are conversations with industry experts about market insights, trends, and learnings that benefit businesses across all sectors in the Australian Stock Exchange. If you find this Rooster Talk informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso This interview is also published on Brilliant-Online Brilliant-Online pushes for a better world with its interactive magazine and advertorial content. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments
- Exploring in the Land of the Long White Cloud - White Cliff Minerals Limited (ASX:WCN)
Coffee with Samso Episode 78 with Ed Mead, Technical Director of White Cliff Minerals Limited (ASX:WCN) Investing in what you understand The junior explorers are feeling a bit lukewarm at the moment but don't let that fool you. As I have mentioned in most of the Coffee with Samso in the last 12 months, I have said that for many decades, the enthusiasm is unseen so tread the market with caution. Corporate finance associates in the mining sector are telling me that business is hectic and they are sup-busy. Transactions are happening and they had only a one-week break when the gold price turned. Now, they are back in business. As Rick Rule, in Coffee With Samso Episode 70, points out that most astute investors are saying they are smart but rather they have seen a lot. They will tell you that quality and a complete understanding of the business are critical. I am in this camp and this "lull" in the market can be seen as profit-taking or the market finding equilibrium. Whatever the reason for the pullback, my "two cents worth" is that the next six months will be turbulent but if you have a two to three year view, you will be happy. Most importantly, one has to understand the business of your investment. Check out Commodities and Equities: Advice from Rick Rule (27:28 Investing in What You Understand - Understand Real Value) White Cliff Minerals Limited (ASX:WCN) is now positioning to explore in New Zealand. White Cliff Minerals announcing the acquisition of the New Zealand projects is an interesting strategy. We all know that the world is now looking at the bright lights at the end of the tunnel. Investors know that it is only a matter of time when things will start to boil again. What I like about the projects is that they are in New Zealand and things will get better. New Zealand is not the super "Green" state that frowns upon all mining. In fact, it is the opposite. They have regulations like every other mining jurisdiction and they have different ways to deal with keeping the environment. The geology is good and having worked in New Zealand before, I know that the mineral prospectivity is very high. There has not been the intense exploration like in Australia and there has never been as good a time as now to source funding. There are no sovereign risk issue and there are abundant expertise in country. Hence, what is there not to like? In this episode of Coffee with Samso, Ed Mead tells us about the projects and how they fit within the present company portfolio. Ed shares with us the reasoning behind those projects and his thoughts on the prospects in the market. PODCAST About Edward Mead Technical Director White Cliff Minerals Limited Mr. Edward (Ed) Mead is a geologist with over 20 years of experience in gold and base metals exploration, mine development and mine production. Ed has also worked in the oil and gas industry on offshore drilling platforms. Other commodities that he has significant experience with and can be considered to be a competent person in are iron ore, magnetite, coal, manganese, lithium, potash and uranium. Geological areas in Western Australia that he has worked in include: the West Pilbara for base metals and gold; the East Pilbara for manganese and gold; the Yilgarn for gold; the Kimberley for base metals, gold and uranium; and the Murchison for base metals, uranium and gold. He has a BSc in geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy. About White Cliff Minerals Limited White Cliff Minerals Limited is a mineral exploration company trading on the Australian Securities Exchange under the ticker code WCN. The Company is currently focusing its exploration on the Reedy South Gold Project near the Cue mining centre in Western Australia, and is pursuing a dual strategy to advance its prospective gold and nickel-cobalt projects in Western Australia. 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. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- An REE Exploration Story - White Cliff Minerals Limited (ASX:WCN)
Coffee with Samso Episode 169 with Ed Mead, Technical Director of White Cliff Minerals Limited (ASX:WCN) Jump straight to the White Cliff Story The Rare Earth Story is all about Neodymium and Praseodymium. While the search for these two elements do make the REE sector buoyant, one also wonders what the fuss is all about. How the current demand in the REE sector evolved. The junior explorers are all talking REE and one can be forgiven for thinking that this is becoming a never-ending story. Samso has seen many different stories on the Coffee with Samso platform and other platforms over the last two years. In my opinion, the REE story is one that is more about being strategic than anything else. When COVID came along and then China started to flex its muscles, that created the awakening of nationalism. Prior to that event, there was no doubt that the global industries were happy with sharing work i.e. Globalisation. The REE sector was and still is a sector that is dominated by China. They have a lot of it and they make the products that use these metals. It is becoming increasingly clear now that this dominance is not going well. The emergence of China being the next "Power Brothers" may have awakened the world into thinking that this is not a good idea. I remember doing some Rooster Talks with people at the early stage of the pandemic and we mentioned the probability that the world could find alternative markets. Looking at it now two years on, this appears to be playing itself out. REE is in Demand The demand of REE is really about the permanent magnets. There is no need to explain the technical information as I am sure that is all over Google. What I feel is in play, especially in Western Australia, is the geological advantage of having a lot of these metals and in the right jurisdiction. On top of that, I do feel that there is a strong possibility that an industry could be created in Australia for Australians. Looking at the flow of business in the Lithium sector with the building of the Tianqi Lithium Hydroxide plant in Kwinana, there is optimism that a downstream industry could be created that will supplement the mining of lithium and the REEs. This may lead to other metals but that may be a longer term dream. Governments are now working with industry and are doing more proactive talking. A few years ago, the most they did was proactive listening. Today, there is sentiment of government actions that are giving companies time to express their wishes. The White Cliff Story White Cliff Minerals is one of the many small cap hopefuls that are applying their trade to make a discovery. The company has two main projects, the Yinnetharra (Figure 1) and Hines Hill (Figure 2) project. In this episode of Coffee with Samso, Ed shares with us what is strategic about the Hines Hill and the Yinnetharra projects. At the Yinnetharra project, their recent rock chip sample (3,912 ppm TREO with 26% MREO) is clearly indicating mineralisation. It may only be a rock chip but that is a great indication that there is a cooking mechanism in place. You do not need to look very far to realise that this region is now known for REE mineralisation. Yinnetharra Project The Yinnetharra Li/REE project consists of two tenement applications, E09/2628 and E09/2641 (Figure 2), within the Gascoyne lithium region, located about 100km northeast of Gascoyne Junction and 85km south of Hastings Rare Earths (ASX:HAS) world-class Yangibana rare earths project. Figure 1: White Cliff Minerals Limited Yinnetharra project tenement location. The Yinnetharra project is in a very hotly contested region of the Gascoyne Province where you have Hastings Technology Metals Limited (ASX: HAS) (Figure 3) building a plant to support their REE resource. Figure 3: Map showing location of Yangibana deposits and planned site infrastructure. (Source Hasting Website: December 22022 Quarterly Activities Report) Hines Hill Project The Hines Hill REE project consists of one tenement granted tenement (E70/5875) within the Yilgarn region, located 20km west of Merredin and along the Great Eastern Highway. The project area is underlain by granites of the Yilgarn craton, with multiple SW/NE trending dykes transecting the license. The project area contains two large aeromagnetic anomalies which may be indicative of carbonatite intrusives. In addition, sampling by the GSWA in the Yilgarn craton defined a strong REE anomaly in the vicinity of the aeromagnetic anomalies. It is therefore believed that the project area may host previously unknown carbonatite intrusives with REE mineralisation potential. Figure 4: Hines Hill project. What I like about White Cliff is the location and the understanding that logistics, the ability to exit, is clear. The two projects are greenfield but they are located geologically where they have not been walked over. The early signs from drilling and rock chip sampling have been encouraging. As many people who have followed me know, I am a fan of mineral exploration. The White Cliff story is a great example of having the ability to develop its own story. The Gascoyne province was largely unknown with some gold and base metal exploration in the past. Today, it is a hype of activity for Rare Earths. There have been some significant discoveries recently so the proof of mineralisation is now completed. White Cliff will take a while to develop its story but that is mineral exploration. It has a low market capitalisation and that will keep the punters happy. Figure 5: White Cliff Minerals price chart. (Source: Commsec) Samso's Conclusion As the general market has come back over the last six months, I think this is a great time to have a close look at stories like White Cliff. I know that there have been many other stories but I know the management. What investors need to understand is that as a shareholder, it is all about the story and management. From the investing point of view, I like the projects and the potential it may bring. The REE sector is hard and as Ed mentioned, it is all about the unlocking of the flow sheet. When the downstream process is able to be developed, I firmly believe that there will be a shift in controls of the REE market. The world needs efficiency in less emission technologies and the components of the REE sector is the main player. As I always say, we are in the transition of a global industrial shift. There are more advanced projects to look at and I am by no means saying that the White Cliff story is the only one. The placement of your investment faith will be really about your risk appetite and your patience. PODCAST Chapters: 00:00 Start 00:20 Introduction 01:23 Edward Mead 02:25 About the recent announcement 05:23 Why was the Yinnietharra area overlooked? 09:43 How should investors position for the REE Sector? 14:54 Hines Hill 16:54 What are the upsides for Hines Hill? 19:20 Can the rare earths conversation be sustained? 22:42 View on the market for 2023 27:20 News flow 29:07 Why White Cliff Minerals? 29:49 Conclusion About Edward Mead Technical Director White Cliff Minerals Limited Mr. Edward (Ed) Mead is a geologist with over 20 years of experience in gold and base metals exploration, mine development and mine production. Ed has also worked in the oil and gas industry on offshore drilling platforms. Other commodities that he has significant experience with and can be considered to be a competent person in are iron ore, magnetite, coal, manganese, lithium, potash and uranium. Geological areas in Western Australia that he has worked in include: the West Pilbara for base metals and gold; the East Pilbara for manganese and gold; the Yilgarn for gold; the Kimberley for base metals, gold and uranium; and the Murchison for base metals, uranium and gold. He has a BSc in geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy. About White Cliff Minerals Limited White Cliff Minerals Limited is a mineral exploration company trading on the Australian Securities Exchange under the ticker code WCN. The Company is currently focusing its exploration on the Reedy South Gold Project near the Cue mining centre in Western Australia, and is pursuing a dual strategy to advance its prospective gold and nickel-cobalt projects in Western Australia. 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. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso
- A VMS Project In the Making - Warriedar Resources Limited (ASX:WA8)
Coffee with Samso Episode 171 is with Amanda Buckingham, Managing Director and CEO of Warriedar Resources Limited (ASX: WA8). What a pleasant surprise to come across such a great story. I reached out to Amanda late last year and today we finally completed this Coffee with Samso. Amanda told me that the company was finalising an acquisition which will make Warriedar a compelling story. She was right. The Warriedar story is about is about a project with limited deep drilling and a previous focus on gold only. The location of the project is one has to be envied, adjacent to one of the most economical Volcanogenic Massive Sulphide (VMS) producing mines in Australia. It is also in an area well known for base metal (copper) mineralisation. Warriedar Resources Limited (ASX: WA8) Warriedar Resources was once Anova Metals Limited. The name change came about with the acquisition of the Murchison projects, Golden Range and Fields Find (Figure 1). When I came across the company, they were in the transition period. The acquisition of the new projects definitely makes the company more interesting, for me anyway. Why do I like the Warriedar Story? The average depth of drilling for the entire area is 42m, the historical operation was solely focused on oxide gold ore, no interest in any other metals and ignored all previous non oxide gold mineralisation. The above statement is what I like about the projects. It is very hard these days to come across a story where it almost sounds too good to be true. Taking what I have been told at face value, this is a project that has hardly had any real work. It is believable that the previous owners just wanted cashflow. To achieve an assured cashflow model, one has to ignore everything else. Figure 2: The drilling distribution for the Golden Range and Fields Find projects. When you look at the amount of drilling (more than 30,000 drill holes) that has been done, you would be correct in thinking that this has been drilled like Swiss cheese (Figure 2). However, when you consider that the average depth of the drilling is only 42m, which is almost the average depth of weathering in the Eastern Goldfields, you are looking at almost virgin exploration territory. This is almost unheard of in 2023. These kinds of statements were thrown out with the bathwater almost twenty years ago. What's the catch? The main unknown for me, and that is just a lack of research on my part, is what was done before the last owners of the projects. We know that the previous owner did not drill deep, they did not look for anything else other than oxide gold ores, but what else did they do that could be a liability to the project? What I don't know is whether the previous owners of Golden Grove sterilised this patch of ground. That would be a bad thing if that was the case. However, this is a big patch of ground and it would be an enormous task for any company to sterilise an acreage of this magnitude. There is a strike of 70km (Figure 2) so it would be interesting to see if that would have been done back in the day. The other issue is that there could be too many targets due to the size of the project. You would want to have a very constrained strategy to focus on potential targets. If this place lights up with the geophysics, it would be a case of a child in a lolly shop. Which one do you go after? Having so many potential prizes, it would make interpretation difficult. It is one of those good problems to have with so many possibilities. Samso Conclusion This is an exciting company. All in all, I am eager to follow the Warriedar Resources journey. The company has a good cash balance as we speak, and Amanda has the right credentials to lead this type of exploration. Geophysics will play a big part and there is a lot of existing geochemistry to add to that strategy. The biggest asset I see is management. The people that lead this exploration need to understand the big picture and be commercial. The cost effectiveness of any exploration strategy is paramount. Who better to understand that than someone who has her own consultancy business? Undeniably, the projects will take centrestage. We have discussed the reasons why. A combination of good projects and solid management is all investors can ask for to safeguard their hard earned cash. Chapters: 00:00 Start 00:20 Introduction 01:20 Who is Amanda Buckingham and Warriedar Resources Limited (ASX: WA8)? 02:48 Historical shallow drilling at Golden Range. 05:32 Golden Range and Fields Find projects strategically positioned. 09:10 Adopting the mineral systems model to determine the province fertility. 14:27 “Swiss cheese” drilling? 15:20 Major structures that added to project confidence. 18:03 Would using only geophysics hinder the progress? 21:26 What is special about the Fields Find project? 27:02 How should investors take in information from the announcements? 31:12 The Warriedar Resources Limited Board. 36:23 News flow 38:26 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Amanda Buckingham Managing Director Dr Buckingham is a geophysicist who has been involved in mineral exploration for over 25 years. She co-founded Fathom Geophysics in late 2007, an award winning and industry leading geophysical consulting group based in USA and Australia that has developed the world's best technology for targeting under cover. Dr Buckingham has extensive exploration experience globally. Her early career involved work as a geoscientist and project manager at majors such as Rio Tinto; as well as listed juniors in both Canada and Australia and several years consulting at SRK. Dr Buckingham co-founded Cygnus Gold Limited [ASX: CY5] and Desert Minerals Limited [ASX: DM1]. She is currently a director of several private companies, and a research fellow at the University of Western Australia. About Warriedar Resources Limited (ASX: WA8) Warriedar Resources Limited (ASX: WA8) is an advanced gold and copper exploration business with an existing resource base of approximately 2 Moz gold across Western Australia and Nevada, and a robust pipeline of high-calibre drill targets. Our focus is on rapidly building our resource inventory though modern, innovative exploration. We are well funded for our planned aggressive drilling programs through 2023. Golden Range and Fields Find Projects Our Golden Range and Fields Find Projects in Western Australia sit in the middle of the highly active Murchison exploration and mining province, which hosts substantial deposits of both gold and base metals. The world-class Golden Grove VMS camp sits just 3 km from our tenure boundary, with the host sequence for that cluster of deposits extending south onto our ground. We believe that the opportunity presented by applying modern geophysical and exploration techniques to our tenure is enormous. We are set to drill over 40,000 metres at Golden Range and Fields Find during 2023, targeting discovery of both gold and base metals mineralisation. 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. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.












