Announcement • Feb 16

Venture Minerals Limited Announces Mount Lindsay Delivers Another Exceptional Tin Intersection

Venture Minerals Limited announced that new Drilling at the Mount Lindsay Tin-Tungsten Project, continues to deliver exceptional intersections of high grade mineralisation whilst targeting high grade zones within the existing Main Skarn deposit including 119.2 m @ 0.8% Sn and 0.2% WO3 from 75.8 m and still open down the hole awaiting further assay results. The intersection in ML343M included a high grade zone of 23.2 m @ 1.6% Sn and 0.03% WO3 from 75.8 m or 3 m @ 4.1% Sn and 0.1% WO3 from 90 m. The drill program, designed to confirm the continuity of high grade zones and provide additional metallurgical samples, is part of the Company's updated Feasibility Study for an underground mine. The significant intersections from ML343M included the following: 119.2 m @ 0.8% Sn and 0.2% WO3 or 1.0% Sn Eq from 75.8 m including 45 m @ 1.0% Sn and 0.2% WO3 or 1.2% Sn Eq from 147 m, or 23.2 m @ 1.6% Sn and 0.03% WO3 or 1.7% Sn Eq from 75.8 m, or 9 m @ 2.5% Sn and 0.03% WO3 or 2.6% Sn Eq from 90 m, or 3 m @ 4.1% Sn and 0.1% WO3 or 4.3% Sn Eq* from 90 m. The outstanding assays from the rest of recently announced ML340M have now been received increasing the original intersection of 147 m @ .0% Sn and 0.2% WO3 to 213 m @ 0.7% Sn and 0.2% WO3 from 90m. Venture has completed drilling on the Main Skarn's High Grade MacDonald Shoot and currently drilling smilar targeted holes on the No. 2 Skarn's High Grade Radford Shoot. The preliminary assay results reported here were from a nearby laboratory that generated results using a similar analytical technique for some of the suite of elements that are routinely assayed for on Mount Lindsay drill core. The pulps will be submitted to the preferred laboratory to provide assays for the missing elements and to check the values reported here using the analytical method chosen for the JORC compliant resource. The underground Feasibility Study will advance previous scoping study work and includes additional drilling (currently in progress) to further confirm the continuity of the High-Grade MacDonald (named after Tom MacDonald, who discovered the Main Zone at Mount Lindsay in 1909 - Refer to ASX Announcement 27 October 2008 and Figure 1 for photo of tin mining operations in 1914)Shoot in the Main Skarn, and the High-Grade Radford (named after local identity) Shoot in the No.2 Skarn. Current drilling will also provide material for finalising a cost effective, gravity-focused, processing flowsheet to concentrate the high-density minerals cassiterite (tin oxide - 79% Sn) and scheelite (81% WO3). The Company recently engaged BHM Processing Consultants to manage the Metallurgical part of the Study. Additional work will include further detailed engineering studies to firm up the mine design and updating of the permit to reflect the change in mining and processing strategies. Venture continues to build a dedicated team to manage the Study program and to that end has just engaged a Resource Development Geologist, the Company will continue to update shareholders as further key appointments are made. The Mount Lindsay Project is already classified by the Australian Government as a Critical Minerals Project2 with an advanced Tin-Tungsten asset, which is significantly enhanced by the recent discovery of two new skarn zones, one within the Renison Mine Sequence in the Mount Lindsay area and the other along strike from Mount Lindsay's main tin deposits (Refer to ASX Announcement 27 September 2021). Mount Lindsay is already one of the largest undeveloped tin projects in the world, containing in excess of 80,000 tonnes of tin metal and within the same mineralised body a globally ignificant tungsten resource containing 3,200,000 MTU (metric tonne unit) of WO3. The Australian Government is supporting the Critical Minerals Sector through several initiatives including the establishment of a AUD 2 billion finance facility announced in September to be administered by Export Finance Australia which Venture is working to access for the project. Tin is now recognised as a fundamental metal to the battery revolution and new technology. The International Tin Association is predicting a surge in demand driven by the lithium-ion battery market, of up to 60,000tpa by 2030 (world tin consumption was 328,400t in 20203). Mount Lindsay Tin-Tungsten Project Highlights Include: Over 100,000m of diamond core drilling has been completed on the project predominately by Venture, most of which has been used to define JORC compliant resources with ~70% in the Measured & Indicated categories; Feasibility Study completed with comprehensive metallurgical test-work and post-feasibility delivered a very high grade 75% tin concentrate result that is likely attract price premiums; Tin is at ~US$44,000/t (at record highs), increased by ~230% since early 2016; Tungsten's APT price is at ~USD 320/mtu, increased by ~90% since early 2016; Several High-Grade Targets with drill results to follow up including Big Wilson with 17.4m @ 2% tin and Webbs Creek with 8.5m @ 0.4% tin & 0.2% tungsten.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	no data
Board average tenure	2.1yrs

Name	Position	Tenure	Compensation	Ownership
Jamie Byrde	Company Secretary	1.1yrs	AU$305.19k	0.048% A$ 27.9k
Nicholas Cernotta	Independent Non Executive Director	2.1yrs	AU$237.06k	0.46% A$ 264.4k
Timothy Gordon Lindley	Independent Non-Executive Chairman	2.1yrs	AU$262.45k	0.98% A$ 566.2k

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 11:25
End of Day Share Price	2026/06/11 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Critica Management

Management criteria checks 0/4

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