LEADERSHIP

Venture to reboot Riley iron ore venture

VENTURE Minerals says it’s committed to restarting iron ore mining in Tasmania and expects its first shipment next quarter from a two-year operation reportedly costing A$3.6 million to get into production and generating estimated surplus cash of $30.6 million.

Previous mining by Venture at Riley, Tasmania

Previous mining by Venture at Riley, Tasmania

Other metrics include a post-tax net present value of $27.24 million and internal rate of return of 303%. Financial outcomes for the Riley project in north-western Tasmania are based on an iron ore...

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