Venus Metals Corporation (ASX:VMC)

Venus Metals Corporation: Highly prospective critical minerals assets in Western Australia


Venus Metals Corporation (ASX:VMC)) is diligently assembling a significant portfolio of gold, lithium, rare earth, vanadium and base metals exploration projects in Western Australia. The company is a diversified explorer with highly prospective assets in gold (Youanmi), rare earths (Marvel Loch East & Mangaroon North), lithium and nickel (Henderson & Bridgetown/Greenbushes), and vanadium and base metals (Youanmi).

The Youanmi Gold Mine contains a JORC inferred and indicated resource of 27.9 Mt at 3.57 percent gold for 3.2 Moz Au contained gold. A recently published scoping study contemplated a 71 koz per annum at 5 g/t gold over an eight-year mine life producing 569 koz of gold at an all-in sustaining cost of A$1,546/ounce. The pre-tax net present value (NPV) came in at just over $300 million with an internal rate of return of 45 percent assuming a gold price of $2,450/oz – representing an approximate value of $90 million to Venus Metals.

Western AustraliaLocations of Venus Metals Corporation’s portfolio of assets in Western Australia

Venus also has two exciting lithium projects – the Henderson Project located 50 kms northwest of Menzies in the Eastern Goldfields of Western Australia and the Greenbushes East and Bridgetown East Project.

Company Highlights

  • Diversified explorer with highly prospective assets in Western Australia for gold, rare earths, lithium, nickel, vanadium and base metals.
  • The Youanmi Gold Project has a joint venture deal with Rox Resources and scoping study results indicated a pre-tax net present value of more than $300 million over an eight-year mine life.
  • VMC’s Mangaroon North and Marvel Loch East projects are highly prospective for rare earth minerals.
  • Two promising lithium projects: Henderson Project and Bridgetown Greenbushes Project
  • The company is well-funded, with aggregated cash and investments over $7 million, and has financing arrangements in place with Rox Resources (Youanmi Gold Mine) and IGO (Bridgetown-Greenbushes).

This Venus Metals Corporation profile is part of a paid investor education campaign.*

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