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Venture Minerals: Receives positive FID for Riley Iron Ore Mine

August 12, 2020

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