VENTURE Minerals has released an independent Scoping Study on the Mt Lindsay deposit which indicates that less than 10% of exploration targets have been drill tested at Mt Lindsay.
The Tasmanian poly-metallic deposit company says that the study indicated a starting mine life of 7 years and generating $700 million in net cash from developing the Tin/Tungsten/Magnetite deposit.
Venture Minerals says that there is scope for a 10 - 15 year mine life for the Mt Lindsay Deposit. Importantly, the Stanley River DSO Project is not included in the scoping study.
The company says that it will now complete a major drilling campaign over the coming months focussed on expanding the Mt Lindsay resource base and extending the potential mine life of the project. A full feasibility study will commence as soon as additional resource tonnes are defined.
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