https://www.miningweekly.com
Copper|PROJECT|Resources
Copper|PROJECT|Resources
copper|project|resources

Venturex eyes A$3m SPP

13th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Metals developer Venturex Resources is hoping to raise A$3-million through a share purchase plan (SPP), priced at 18c a share.

Under the SPP, shareholders will be entitled to subscribe for up to A$15 000 worth of new shares, with the new shares to be ranked equally with existing Venturex shares.

The ASX-listed junior said on Tuesday that the funds raised will be used to finance early works and secure long-lead items for the Sulphur Springs copper/zinc project, in the Pilbara, and to finalise project financing.

An October definitive feasibility study estimated that the enlarged Sulphur Springs project would require a capital investment of A$169-million to develop a 1.25-million-tonne-a-year operation, producing 65 000 t/y of 25% copper concentrate, and 75 000 t/y of 50% zinc concentrate.

Over the 10.3-year mine life, the project would deliver 146 000 t of copper and 348 000 t of zinc.

Edited by Creamer Media Reporter

Comments

Projects

Location map of the Antler copper project
Antler copper project, US – update
Updated 2 hours 10 minutes ago By: Sheila Barradas

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.154s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: