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An announcement from Venus Metals Corporation Limited ( (AU:VMC) ) is now available.
Venus Metals has commenced work on a 2026 pre-feasibility study for its Bellchambers Gold Project in Western Australia and has resolved to advance this to a full feasibility study, underpinned by a current mineral resource estimate of 754,000 tonnes at 1.27g/t gold for 30,800 ounces. Following the recent grant of a mining lease, the company is engaging consultants to prepare a mining development and closure proposal, planning further drilling at depth and regional exploration in FY2026 to potentially expand resources, and assessing ore processing options including a possible mine-gate sale to Rox Resources or haulage to third-party plants. Venus also highlighted that its upcoming half-year report, targeted for release on 12 January 2026, will include an updated independent valuation of its 1% net smelter royalty over the Youanmi Gold Project, while a completed CSIRO collaborative research program using advanced hyperspectral techniques is expected to deliver final results in early January, potentially generating new exploration targets at Bellchambers.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Venus Metals Corporation Limited stock, see the AU:VMC Stock Forecast page.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an Australian exploration company focused on gold, copper, base metals, lithium, titanium and vanadium projects in Western Australia. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder in Rox Resources Limited, providing additional exposure to gold production and development in the region.
Average Trading Volume: 616,013
Technical Sentiment Signal: Buy
Current Market Cap: A$39.52M
Find detailed analytics on VMC stock on TipRanks’ Stock Analysis page.