Jupiter assay results give Venture confidence of building a ‘meaningful project’

Assay results from the first 59 holes from a recently completed 246 aircore drill program has delivered six of the top 13 drill intersections seen at Venture Minerals’ (ASX:VMS) Jupiter Rare Earths Project to date.  

Announcing the first batch of assay results from recent drilling at the 70% owned clay-hosted project, Managing Director Philippa Leggat says “the great intersections just keep on coming at Jupiter”.”

“Another batch of drilling results and another record clay-hosted REE drill intersection. It’s fantastic to see infill drilling continue to deliver such consistent results, with impressively broad zones of high-grade mineralisation confirmed in hole-after hole. This is the kind of substance that builds a meaningful project,” Leggat says.

“We have an incredible team working on Jupiter, led by experienced geologist Dr Stuart Owen. Dr Natalee Bonnici (ex IGO and Northern Star) is a geo-metallurgist who recently joined our team, bringing her specialist skills to our understanding of the mineralisation at Jupiter. Their work is the foundation that means our metallurgical work will be done on representative samples.”

The second round of drilling was completed last month for a total of 14,370m. This drill program is expected to provide meaningful data for a maiden resource estimate at Jupiter.

Venture Minerals says the latest assay results continue to deliver consistent high-grade zones (+2,000ppm TREO) over 20-30m widths, within broader zones up to 80m grading well over 1,000ppm TREO with thorium and uranium levels remaining consistently extremely low.

Magnet Rare Earth Oxides (MREO) average of 23% in intersections over +1,000 ppm TREO continues to be maintained.

The Brothers Project, which includes Jupiter, is located in regional Western Australia away from any significant population centres but close to infrastructure with a nearby bitumen highway and gas pipeline on route to the major port of Geraldton 300km away.

Assay results from this round of drilling the will determine the extent of the next phase of drilling at Jupiter and across the wider Brothers Project.

Leggat adds that Venture Minerals is “doing the work the right way, because this project is too big and too good to be wasted on short-cuts”.

“Jupiter’s scale, grade and tier-one location all play into the strategic nature of this discovery. They infer the incredible potential which attracted Nick Cernotta and Tim Lindley to join the board. This potential is the basis for our vision to restructure the company to become one of the best rare earths and critical minerals companies in Australia.”

Write to Adam Orlando at Mining.com.au

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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.