Venture Minerals Tin Project Expected To Net A$550 Million
Nov. 07, 2012 12:12PM PST
Industrial MetalsMining Weekly reported Venture Minerals (ASX:VMS) says its Mount Lindsay tin tungsten project will net A$550 million.
Mining Weekly reported Venture Minerals (ASX:VMS) says its Mount Lindsay tin tungsten project will net A$550 million.
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.