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Venture Minerals Says Tungsten Project Will Make A$550 Million
Nov. 07, 2012 12:02PM PST
Critical MetalsMining Weekly reported Venture Minerals’ (ASX:VMS) Mount Lindsay tin tungsten project predicts the project will generate A$550 million in net revenue.
Mining Weekly reported Venture Minerals’ (ASX:VMS) Mount Lindsay tin tungsten project predicts the project will generate A$550 million in net revenue.
As quoted in the market news:
A bankable feasibility study (BFS) on explorer Venture Minerals’ Mount Lindsay tin/tungsten project has predicted that the project could generate more than A$550-million in net revenue, peaking at some A$110-million a year.
MD Hamish Halliday said on Wednesday that the BFS emphasised the potential of the project, in particular its longevity, with mine life estimated at around nine years.