News Articles for Critica

Venture Minerals' JV earn-in with market darling Chalice Mining is off to a flyer after the latter generated seven new electromagnetic, or “EM” targets from a ground-based survey at the duo's South West Nickel-Copper-PGE Project 240 kilometres south of Perth. The company's latest work is focused on Venture's Thor target, a 20km-long magnetic anomaly that has drawn comparisons to Chalice's revered Julimar discovery.

Venture Minerals has ensured its Mount Lindsay tin-tungsten project in Tasmania is fully funded to completion after it netted $6 million from a heavily oversubscribed share purchase plan. The recently raised funds compliment a $4.25 million war-chest raised through a December private placement. The money will also go towards an updated feasibility study and additional testing of its Mount Lindsay targets.

Venture Minerals has ended the year with a bang after new drilling at its Mount Lindsay tin-tungsten project in Tasmania included a monster-sized 147m drill intersection going 1 per cent tin and 0.2 per cent tungsten. The latest stellar results sent the company's share price soaring by more than 27 per cent in intraday trading.

Venture Minerals' South West Nickel-Copper-PGE project that Chalice Mining has referred to as a Julimar “look-a-like” is starting to take shape. JV partner Chalice has unearthed multiple targets at the project and in doing so it has now completed stage one of its joint venture expenditure commitment with Venture. The agreement between the parties requires Chalice to spend a minimum of $300,000 on exploration activities at the South West project by the 30th of November 2021.

Our board moves wrap includes Michelle Woolhouse, Somnath Nandi, Hamish Halliday, and Cheryl Edwardes.

Venture Minerals' Tasmanian tin pursuit looks to be heating up with drilling at its Mount Lindsay Tin-Tungsten project intersecting 93 metres of mineralisation in its opening hole of a freshly launched campaign. The intersection included a high-grade zone of 12m grading 1.7 per cent tin equivalent from 107m. The company says its recent work is aimed at completing an updated feasibility study for an underground mine.

Venture Minerals could be gearing up for a cracking end of year after market darling and JV partner Chalice Mining revived a previously paused EM survey on its “Julimar lookalike” target at the duo's South West nickel-copper-PGE project about 240 kilometres south of Perth. The survey will focus on Venture's Thor target, a 20km long magnetic anomaly that has drawn comparisons with Chalice's revered Julimar discovery.

Venture Minerals could be in for a memorable Christmas after a downhole transient electromagnetic survey at its Orcus prospect within the Golden Grove North project in WA's Mid West uncovered a mammoth 500m long by 240m deep conductor under high-grade zinc-copper-gold intersections. It produced assays up to 7.6 per cent zinc, 1.3 per cent copper, 2.2 g/t gold and 22 g/t silver.

Venture Minerals has commissioned a feasibility study for an underground tin mine within its Mount Lindsay tin-tungsten resource near the high-grade Renison tin mine in northern Tasmania. The Australian government has declared tin a critical resource as global competition for the battery metal heats up. Tin prices soared to record highs recently, touching US$37,500 a tonne, up 180 per cent since 2016.

Iron ore junior Fenix Resources has reported $25 million in net operating cashflows for the September quarter despite a testing period for the commodity.

Mount Gibson Iron is suspending operations at its Shine site due to falling iron ore prices and high shipping costs, making it the fourth miner to close in recent weeks.

Mount Gibson Iron's Shine project in the Mid West could become the fourth iron ore mine to halt operations this month after the company called a trading halt.

ASX-listed Venture Minerals' Tasmanian tin search continues to pay dividends with drilling at its Mount Lindsay project intersecting 11m of sulphide-rich skarn. The latest discovery follows the company's recent success targeting extensions of the Renison mine sequence that coughed up a 16m interval of sulphide-rich magnetite skarn located some 12 kilometres along strike from the world-class Renison Bell tin mine.

GWR Group has become the fourth junior iron ore company to suspend operations or review its strategy in light of the dramatic fall in the commodity's price.

Venture Minerals has suspended operations at its iron ore mine in Tasmania after just one shipment, with the company squeezed by higher costs and falling prices.

ASX-listed, Venture Minerals' tin search at its Mount Lindsay tenure in Tasmania is heating up with exploration drilling intercepting a 16m interval of sulphide rich magnetite skarn that is prospective for hosting tin mineralisation. The company is targeting extensions of the Renison Mine Sequence that contains one of the largest and highest-grade tin mines in the world some 12 kilometres along strike, the Renison Bell tin mine.

ASX-listed Venture Minerals is on the verge of shipping its first iron ore from its Riley mine in north-west Tasmania having chartered a bulk carrier vessel that will transport the ore in early September. The milestone achievement comes after the mine reached steady state production enabling enough ore to be generated for continuous haulage to the Port of Burnie for export.

Perth-based explorer Venture Minerals has increased its footprint in Western Australia's emerging western Yilgarn nickel-copper-PGE province, through the strategic earn-in acquisition of highly prospective tenure south of the company's Kulin project. Kulin sits along strike of the Jimperding metamorphic belt that hosts Chalice Mining's high-profile Julimar nickel-copper-PGE discovery.

ASX-listed Venture Minerals has been buoyed by star stock market performer and joint venture partner Chalice Mining's newly identified electromagnetic anomalies at the so-called “Julimar look-alike” target at the duo's South West nickel-copper-PGE project about 240km south of Perth. Punters responded positively to the initial EM anomalies defined by Chalice's early work, pushing Venture's share price up almost 15 per cent in trading today.

Another iron ore boom has produced a long list of aspiring miners. We dig deep to assess who is likely to make it.

Venture Minerals has cranked up the drill rig at its massive Mount Lindsay tin-tungsten project in Tasmania as it targets a potential high-grade repetition of the deposit. Mount Lindsay is one of the world's largest undeveloped tin projects and with a number of tin mines across the globe entering their twilight years end-users are starting to scrabble for new supply.

Venture Minerals has begun commissioning the key wet screening plant at its former Riley iron ore mine in Tasmania as it edges closer to a full operational restart. The company says with plant construction completed and the commissioning phase underway, it remains on course to ship out the first iron ore product from the rejuvenated project in the current quarter.

Stock market darling, Chalice Mining has kicked off a ground electromagnetic survey at Venture Minerals' South West nickel-copper-PGE project about 240km south of Perth as part of the first stage of the pair's recent joint venture agreement. Chalice has the right to earn up to a 70 per cent stake in Venture's South West project by spending $3.7 million on exploration over four years.

ASX-listed Venture Minerals remains on course to make the first iron ore shipment from its revitalised Riley iron ore mine in Tasmania during the current quarter. The Perth-based company says commissioning of Riley's key wet screening plant is expected to kick off within a couple of weeks as various stages of the construction phase near completion.

ASX-listed Venture Minerals has started building a key piece of production infrastructure at its rejuvenated Riley iron ore project in north-west Tasmania, with structural, mechanical, piping and electrical installation of the wet screening plant now well under way. Construction of the plant will be followed by its commissioning, which the company expects to take place late next month.

Venture Minerals is chasing down both copper and zinc sulphides at its Golden Grove North project in WA, with the budding developer kicking off diamond drilling at the prospect. The program is following up on a quiver of targets generated from the company's maiden exploration program over the prospect which included drill intercepts of 1.3 per cent copper, 6.1 per cent zinc and 22 grams per tonne silver.

Venture Minerals is poised to ride the crest of the monster iron ore price wave as it counts down to the start of iron ore production at its revived Riley mine in north-west Tasmania. The company has just raised $10 million and has been busy getting its ducks in a row for the main construction phase push at the Riley project development site including the critical wet screening plant.

Venture Minerals has jumped on voracious investor appetite for iron ore players to raise $10 million in an equity placement, with the bulk of the funds set to be funnelled into its Riley hematite project in north-west Tasmania. The company received commitments from sophisticated, professional and institutional investors for the capital raise via the placement of 181.81 million new Venture shares.

ASX-listed Venture Minerals has the drill rods spinning at its Kulin prospect, cutting some diamond core to follow up solid gold assays from trenches dug on its 100 per cent-owned ground, east of the massive Boddington gold mine in WA's South West region. One trench uncovered 31m at 1.0 g/t gold and a second unearthed 20m at 0.6 g/t gold.

With the world continuing to devour a bevy of 21st-century metals to feed its burgeoning renewable energy, electric vehicle and technology industries, ASX-listed Venture Minerals is ramping up its hunt for copper, zinc, gold and silver in WA while the company is also on track to commence iron ore production in north-western Tasmania early in the new year.

Venus Metals Corporation has joined the hunt for the next Julimar nickel-PGE discovery in WA with the company acquiring two new tenements at Bridgetown East. The tenure covers over 270 square kilometres of prospective stratigraphy and hosts a previously defined electromagnetic sulphide target in the southern portion of the project area. Geophysical and geochemical surveys over the target are expected to kick off in the coming weeks.

Perth-based Venture Minerals has made a final investment decision for the restart of its Riley iron ore mine in Tasmania, with operations to begin in a week.

Perth-based Tietto Minerals is seeking up to $62.5 million from a placement and share purchase plan to progress its Abujar gold project in Cote d'Ivoire.

Shares in Venture Minerals surged as high as 27 per cent today after the explorer announced a farm-in deal with Chalice Gold Mines.

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered.

Anson Resources has closed a share purchase plan, raising $608,700 from 84 applicants.

The price rebound this year has sparked renewed mining interest in at least eight previously mothballed projects.

Venture Minerals will undertake a share placement and rights issue, with the funds set to fast-track the restart of its Riley iron ore mine in Tasmania.

Harry Karelis has resigned as executive director of AusCann Holdings in order to concentrate on other business ventures.

Local explorers MacPhersons Resources and Venture Minerals have announced plans to raise a combined $6.3 million to fund ongoing work at their respective prospects in the state.