Studying Sn-W Underground Mine In Tasmania
Venture Minerals Limited (ASX: VMS) has commenced work on a Feasibility Study for an underground, low environmental footprint, mine, focused on the high- grade tin and tungsten zones within the existing Mount Lindsay Tin–Tungsten Resource in Tasmania, Australia.
The underground Feasibility Study will advance previous scoping study work and will include additional drilling (currently in progress) to further confirm the continuity of the High-Grade MacDonald Shoot in the Main Skarn and the High-Grade Radford Shoot in the No.2 Skarn.
Current drilling will also provide material for finalising a cost effective, gravity-focused, processing flowsheet to concentrate the high-density minerals cassiterite (tin oxide – 79% Sn) and scheelite (81% WO3).
Additional work will include further detailed engineering studies to firm up the mine design and updating of the permit to reflect the change in mining and processing strategies. The company is in the process of building a dedicated team to manage the Study programme.
The High-Grade Shoots at Mount Lindsay have previously generated numerous historic drill intersections by Venture and others, including the following highlights:
MacDonald Shoot (Main Skarn)
- ML003 16 m @ 1.6% Sn from 27 m (drilled by Aberfoyle Tin Development Partnership)
- ML0718m@1.4%WO3 from104m
- ML102 12 m @ 1.8% Sn from 194 m including 2 m @ 4.8% Sn from 200 m
- ML134 18 m @ 2.2% Sn from 160 m including 2 m @ 14% Sn from 172 m
- ML222 26 m @ 2.7% Sn from 202 m including 2m @ 17% Sn from 210 m
Radford Shoot (No.2 Skarn)
- ML038 16 m @ 1.1% Sn from 353m (drilled by Renison Limited)
- ML070 12 m @ 1.7% WO3 from 105 m
- ML136 8m @ 1.1% WO3 from 116m
- ML139 8m @ 1.2% WO3 from 244m
The Mount Lindsay Project is already classified by the Australian Government as a Critical Minerals Project with an advanced Tin-Tungsten asset which is significantly enhanced by the recent discovery of two new skarn zones, one within the Renison Mine Sequence in the Mount Lindsay area and the other along strike from Mount Lindsay’s main tin deposits.
Mount Lindsay is already one of the largest undeveloped tin projects in the world, containing in excess of 80,000 tonnes of tin metal and within the same mineralised body a globally significant tungsten resource containing 3,200,000 MTU (metric tonne unit) of WO3.
Managing Director, Andrew Radonjic, said Tin is now recognised as a fundamental metal to the battery revolution and new technology. The International Tin Association is predicting a surge in demand driven by the lithium-ion battery market, of up to 60,000tpa by 2030 (world tin consumption was 328,400t in 2020).
“The Board looks forward to further advancing the company’s flagship asset in a pro-EV Metal/Critical Minerals development environment, supported by global markets searching for ESG compliant strategic resources such as Mount Lindsay,” Mr Radonjic said.
“Quality tin deposits are rare, and Venture is fortunate to have already defined a globally significant project, giving the company a substantial resource base to underpin any future development. Mount Lindsay has excellent potential for resource growth through exploration, with the current deposits part of a major tin field that already hosts the world class, high grade, Renison Tin Mine.”
For further information please visit: https://www.ventureminerals.com.au/
