Quartlerly Report and Cash Flow Report
Perth, April 28, 2016 AEST (ABN Newswire) - Venus Metals Corporation Limited's (
ASX:VMC) activities conducted during the quarter ending 31 March 2016 include:
- MoU with Lithium Australia NL: The Company has executed a Memorandum of Understanding (MoU) with Lithium Australia NL (ASX: LIT) to initially test the commercial lithium potential of Venus' holdings in the Pilgangoora area - an emerging "lithium hot spot" in Western Australia.
- Greenbushes East Lithium-Tantalum Project in WA: The Company has applied for two strategic tenements in the world-class Greenbushes lithium province. The Greenbushes mine in the Southwest Mineral Province of Western Australia is one of the world's largest producers of 'hard-rock' lithium and tantalum. Venus Metals tenements lie to the east of the mine and abut Talison Lithium Australia's mining leases.
- Review of historical geological/geophysical data of Venus Lithium projects (Pilgangoora Northeast and Stannum projects in the Pilbara, the Nardoo project in the Capricorn and the Poona Project and the Greenbushes East Project) and delineation of potential target areas. A reconnaissance field trip to Pilgangoora, for rock chip/soil sampling, is planned for the coming field season.
To view the complete report, please visit:
http://abnnewswire.net/lnk/BJGY4V00
About Venus Metals Corporation Limited
Venus Metals Corporation Limited (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.
The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.
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