Venus Metals Advances Sandstone Gold Studies as IGO Ups Commitment to Greenbushes JV

Venus Metals Corporation Limited ( (AU:VMC) ) has issued an announcement.

Venus Metals Corporation has advanced its Sandstone (Bellchambers) Gold Project, where a recently granted mining lease now covers both the Bellchambers and Rangeview deposits with a JORC 2012 resource of 31,400 ounces of gold and an additional conceptual exploration target of up to 60,000 ounces at depth. The board has approved the preparation of a pre-feasibility and feasibility study targeting completion in FY2026, is seeking mining quotes and potential joint venture partners, and plans further drilling in early FY2026 to expand the resource base, underscoring a shift toward possible development. In parallel, at the Bridgetown Greenbushes exploration joint venture, IGO’s subsidiary has committed to Stage 2 of the farm-in with a $3 million expenditure to increase its stake to 70%, paying $250,000 for an extension of the farm-in period to November 2028, which provides Venus with funded exploration and validates the strategic potential of its lithium and related mineral interests.

The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.22 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 mineral exploration and potential development company with a broad portfolio of projects in Western Australia. Its assets span gold, copper, base metals, lithium, titanium and vanadium, and it also holds a 1% royalty over the Youanmi Gold Mine and a significant shareholding in Rox Resources Limited, positioning it as a diversified player in the resources sector.

Average Trading Volume: 689,285

Technical Sentiment Signal: Buy

Current Market Cap: A$42.48M

See more data about VMC stock on TipRanks’ Stock Analysis page.