Venture Minerals Limited (ASX: VMS) - Jupiter REE Deposit: The Next Mt. Weld?

Coffee with Samso 194 is all about the Jupiter Rare Earth project and what a way for Andrew Radonjic to start the year 2024.

Venture Minerals Limited (ASX: VMS) has an extremely well-rounded portfolio of projects and the inception of the Rare Earth project a couple of years ago has worked extremely well for the company. The Rare Earth sector may have come and gone for the ASx but it is a breath of fresh air to see the technical success of the Jupiter REE project.

Anyone who has been following the ASX REE sector recently will know very well the bearish tone but those who have been on the Venture Minerals wagon, will think differently. You could put Venture Minerals on the top of the list for generating the most interest in the small-cap mineral explorers list.

The interest in Venture started with the ASX release on the 29th of November 2023 (Jupiter Delivers over 7,000 ppm TREO assays from Maiden RC Drill Program) and the much anticipated second round of results was released on the 8th of March 2024 (Jupiter Drilling Continues to Deliver Broad High-Grade REE Mineralisation including a Record NdPr Intersection of over 5,000 ppm) which generated another rush on the share price.

 

Figure 1: The Venture Minerals Limited (ASX: VMS) share price. (Source: Commsec)

In this episode, Andrew Radonjic gives us an update on the Jupiter Rare Earth project and we discuss why he feels the project stands out from the crowd.

Samso's Conclusion

The Samso platform has had the majority of the clay rare earth story on the ASX for the last couple of years. It has been a great journey from the beginning to now where I could effectively call a mature understanding of the industry. If we are all on the same page, the understanding now is all about the metallurgical results, and the chemistry of extraction.

In some way, we all know that the range of results from all the other clay REE players has been pretty consistent. There have not been too many outliers on the good or the bad end of the spectrum. If we consider this thought, the metallurgical results for Jupiter will be within range and there are some similarities to Mt. Weld, then Venture may have found themselves a project that could be more than interesting.

As Andrew pointed out in the end, it is all about the location. The drilling results are on the top end of the scale, the location is in proximity to Mt. Weld and the plant by Iluka, the metallurgical results which are still outstanding will most likely come within range or better and there are no logistical nor administrative obstacles in sight. With all that in mind, the Jupiter project must surely become a jewel in the DYOR category for ASX investors wanting an REE play in their portfolio.

I encourage you to watch and take notes because as I have always mentioned on the Samso platform, the one economical project in many non-economical projects that are in the market comes once in a while and if you can take the risk, do big-time DYOR.

Chapters:

00:00 Start

00:20 Introduction

00:53 Updates on Jupiter

02:46 Discussion about the next drilling phase

04:04 What makes Jupiter stand out?

09:25 VMS in the current market

15:44 About the metallurgy

21:06 What could lift the REE market?

23:53 For investors looking to position themselves in VMS

29:01 Other VMS projects

32:45 News flow

35:59 Conclusion