Venture raising to fund Riley revival

IRON ore hopeful Venture Minerals is raising A$5.7 million to fund its plan to fast-track the restart of its small Riley direct shipping ore operation in Tasmania to take advantage of high iron ore prices, which have just peaked above US$100 per tonne for the first time in five years.

Venture raising to fund Riley revival Venture raising to fund Riley revival Venture raising to fund Riley revival Venture raising to fund Riley revival Venture raising to fund Riley revival

Riley's ore sits at surface.

The junior, which had just A$400,000 in the bank last month, has placed shares at 2c shares with sophisticated and professional investors to raise $1.

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