Lithium is the cake. Strontium could be the icing.
We caught up with Venari Minerals (ASX:VMS) Managing Director Matt Healy on the floor at the Resources Rising Stars Investor Conference in Queensland for a quick lesson on a metal most investors have probably not heard of before.
Matt breaks down the story:
- Lithium: Around 3 million tonnes of contained lithium carbonate equivalent
- Strontium: A potential byproduct with defence applications
- Supply: Venari sees potential strategic value in a future US source
- Drilling: Work is targeting the higher-grade part of the resource
- Next step: A Scoping Study is targeted by the end of March next year
About the guest and company:
Matt Healy leads Venari Minerals, an exploration company focused on unlocking lithium and gold assets in Nevada, one of the world’s premier mining jurisdictions. The company is advancing the Red Mountain Project, targeting production of technical- and battery-grade lithium carbonate, alongside its Needles Gold Project.
Disclosure: Mining.com.au may hold shares in Venari Minerals NL (formerly Astute Metals NL).
Come for the lithium.
Stay for the strontium.
