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Venture Signs MOU with Grange Resources

HIGHLIGHTS

- MOU signed with Grange Resources Limited ("Grange") for magnetite off-take from Venture’s Mt Lindsay Project

- Grange is Australia's leading magnetite producer with annual production of 2.0m tonnes.

- Grange’s Savage River Operations could provide significant infrastructure advantages for the future development of the Mt Lindsay Project

- Off-take discussions progressing for the recently announced Livingstone DSO Hematite Deposit following significant interest from multiple parties.

Australian mineral exploration company, Venture Minerals Limited (ASX code: VMS) is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Grange Resources Limited (“Grange”). Under the MOU, Venture and Grange will explore the potential for Grange to act as a downstream partner for Venture in value-adding to its proposed magnetite production from the Mt Lindsay Project.


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