Venture Minerals reports record NdPr intersection and high-grade REE mineralisation

Venture Minerals Limited (ASX: $VMS) has announced the second batch of assay results from the Stage One Resource definition drill program at the Jupiter Rare Earths prospect in Western Australia. The results include a record intersection of the critical Rare Earth elements Nd (Neodymium) and Pr (Praseodymium) at the Jupiter Prospect, validating the high-grade mineralisation and geophysics of the project.

Executive commentary on the significance of the record NdPr intersection

Venture's Managing Director expressed, 'Jupiter continues to deliver broad zones of high-grade mineralisation with standout levels of REE minerals that are in high demand. The record intersection of over 5,000 ppm of NdPr oxides in these results compliments the previous batch of very-high grade results. Neodymium and Praseodymium are vital to the manufacture of permanent magnets for decarbonisation and defence applications. The scale, high-grade nature of the results and prime location of the project provide all the necessary ingredients to position Jupiter as a Major, Rare Earths discovery.'

Summary of the assay results and outlook

The assay results from Venture Minerals' Jupiter Rare Earths prospect demonstrate consistent high-grade zones and a record intersection of NdPr oxides, indicating the project's potential as a significant Rare Earths discovery. The results validate the geophysics and cover only a small portion of the 40 km² Jupiter target, suggesting further exploration opportunities. With the project's prime location and the increasing demand for Rare Earth elements, Venture Minerals aims to position Jupiter as a major player in the Rare Earths industry. The company plans a follow-up Stage Two Resource definition drill program at Jupiter, contingent on assay results and testwork, indicating a positive outlook for the project's development.