The company made its clay-hosted Jupiter rare earths discovery, some 230km inland from Geraldton, back in November last year.

The project has produced several stunning recent drill hits, including 2m at 26,958 parts per million total rare earth oxides (TREO), a thick 60m at 2014ppm and an intersection described by management as Australia’s best-ever rare earths drill hit of 48m at 3025ppm. The company also revealed a “head-turning” 58m at 2723ppm TREO, which it described as its “best hit yet”.

The rare earths commodity sector has taken on huge strategic interest for governments, in particular for neodymium and praseodymium and their broad suite of applications in magnets and super magnets. Production is dominated by China and western governments are providing big sources of financial support for projects showing potential for future production and processing.

Typical intersections at the Jupiter prospect grade some two to three times those of the similarly clay-hosted Chinese deposits, with access to infrastructure described as “second to none” by Venture featuring sealed road access via the route between Mount Magnet and the port of Geraldton, which is paralleled by a commercial gas pipeline and grid-power infrastructure and can also be accessed via the Great Northern Highway from Perth.

Since Venture’s significant board refresh in May, it has continually reinforced its commitment to making the most of its Jupiter opportunity. Now, with a big sack of cash swung over its shoulder, management appears ready to pin back its ears and fulfil its promises.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au