Venture Minerals acquisition announcement

Venture Minerals (ASX: $VMS) has announced the acquisition of a strategic landholding adjacent to the Jupiter Rare Earths Discovery, expanding the project by 36% and securing the remaining priority clay hosted, Rare Earth targets within the immediate vicinity of the Jupiter discovery. The acquisition connects Jupiter with mineralization located 10 kilometers to the north, including drill intersections up to 45 m @ 1,455 ppm TREO, reinforcing the company's position in the rare earths sector.

Venture Minerals Managing Director's commentary

This strategic acquisition strengthens the Company's land position around Jupiter and facilitates unencumbered access across the project. It provides a potential extension of high-grade, clay-hosted Rare Earth mineralization to the north of Jupiter and secures the remaining priority clay-hosted Rare Earth targets around the discovery. Jupiter is emerging as a Major, Rare Earths discovery that is ideally located between Lynas's existing plant and Iluka's planned Rare Earth processing facilities in the Tier One jurisdiction of the Mid-West region Western Australia.

Summary of Venture Minerals acquisition

Venture Minerals' acquisition of a strategic landholding adjacent to the Jupiter Rare Earths Discovery marks a significant expansion of the project by 36% and secures the remaining priority clay hosted, Rare Earth targets within the immediate vicinity of the Jupiter discovery. The company's Managing Director highlighted the potential extension of high-grade, clay-hosted Rare Earth mineralization to the north of Jupiter, positioning the company favorably in the rare earths sector. With the project's location between existing and planned rare earth processing facilities, Venture Minerals is well-positioned to capitalize on the emerging opportunities in the rare earths market.