Proactive - Interviews for investors

Venture Minerals reports highest-grade intersection at Jupiter Rare Earths Project

Episode Summary

Venture Minerals Limited (ASX:VMS, OTC:VTMLF) managing director Philippa Leggat sits down with Proactive’s Jonathan Jackson to discuss the company’s highest-grade intersection to date from the clay-hosted Jupiter Rare Earths Project in Western Australia. The latest drilling results revealed an 80-metre intersection at 1,839 parts per million (ppm) total rare earth oxides (TREO) from a depth of just 8 metres. Multiple drill holes showed consistent high-grade zones, with grades exceeding 2,000 ppm TREO over 20-30 metre widths. These results include six of the 13 best intersections recorded at Jupiter. The magnet rare earth oxide (MREO) content averages about 23% in samples with more than 1,000 ppm TREO, while levels of thorium and uranium remain low, enhancing the project's potential value. Leggat expressed enthusiasm over the continued success of the drilling program, emphasising the importance of thorough and representative sampling led by the company’s experienced geological team, including Dr Stuart Owen and Dr Natalee Bonnici. The drilling program, targeting a 40-square-kilometre area, has refined drill spacing to 500 metres by 250 metres, with results from the first 59 of 246 aircore holes. Key results include significant intersections ranging from 37 metres at 2,050 ppm to 80 metres at 1,839 ppm TREO, with notable high-grade sub-intersections. A further 187 assay results are pending, which will inform the next drilling phase at Jupiter and the broader Brothers Project. #ProactiveInvestors #VentureMinerals #ASX #JupiterProject #RareEarths #Mining #WesternAustralia #DrillingResults #HighGrade #Geology #MineralExploration #MiningIndustry #Investing #ASX #ResourceSector #CriticalMinerals #RareEarthOxides #GeophysicalModelling #ClayHostedREE #MiningStocks #ShareholderValue #StrategicDiscovery #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews