Venture Minerals has completed a A$20 million capital raising to fund the feasibility study for its Mt Lindsay tin-tungsten-magnetite project in Tasmania via a share placement to existing and new institutional investors. Managing Director Hamish Halliday confirmed that this keeps it on course to commence production in the first half of 2013.
"We will be looking to produce 3,000 tonnes-plus of tin metal in concentrate, or around 1 percent of world supply. Most likely we will be selling into Chinese smelters, though the option for Malaysia is there as well." Halliday told Reuters.
