Venture Minerals sold Riley iron ore project in Tasmania to Gold Valley for $3M, focusing on Jupiter rare earths deposit in WA.

Venture Minerals sold its Riley iron ore project in Tasmania for $3M to Gold Valley, focusing on its promising Jupiter rare earths deposit in Western Australia. The Riley project costs and marginal returns led management to sell it, exiting Tasmanian operations, and using the cash to advance exploration at Jupiter. The sale includes the transfer of Venture's $585K bank guarantee to Gold Valley.

June 24, 2024
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