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Venus Metals Corporation Limited (ASX:VMC)

ALERT: Price-sensitive ASX Announcement for VMC
Current share price for VMC : $0.255 -0.025 (-8.93%)+
Announcement
Release
29 Jun 2026 8:25AM
Price at Release
$0.280
Full Release
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Summary
Venus Metals Corporation Limited (VMC) has provided an exploration update on their activities including auger soil sampling at the Henderson and Youanmi Base Metals Projects in Western Australia. The Henderson Gold Project is located in the Yilgarn Craton, covering significant faults known for gold deposits. Extensive sampling revealed gold anomalies linked to historic exploration data. At the Youanmi Base Metals Project, surface and auger sampling identified Co-Cu-Ni anomalies, prompting plans for further exploration drilling. Additionally, a research and development initiative with Murdoch University aims to assess titanium extraction from Youanmi resources. The sale of Copper Hills tenement is expected to reduce expenditure while retaining benefits through a net smelter royalty.
Key Points
  • Auger soil sampling completed at Henderson and Youanmi Projects
  • Significant gold anomalies found at Henderson Gold Project
  • Co-Cu-Ni anomalies identified at Youanmi Base Metals Project
  • Further exploration drilling planned for identified anomalies
  • Research with Murdoch University on titanium extraction
  • Sale of Copper Hills tenement for $75,000 plus GST and 1% net smelter royalty
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.