- Venture Minerals Board has delivered a positive final investment decision (FID) for the Riley Iron Ore Mine in Tasmania
- This decision has prompted preparations for mining and dry screening activities to begin immediately with mining set to begin in a week
- The positive FID decision is a key milestone for Venture on its push towards the first shipment of iron ore from Riley
- Further, on June 10 and July 9, Venture signed agreements with Hydro Tasmania and TasPorts, securing shipping pathways for Riley Iron Ore product
- Then the company is now in final discussions to secure financing options to complete the construction of the wet screening plant
- Venture is up 3.23 per cent on the market and shares are currently trading for 3.2 cents each
