Venus Metals Corporation Limited (AU:VMC) has released an update.
Venus Metals Corporation Limited has identified a significant calcrete resource at the Yuinmery site through its subsidiary, Redscope Enterprises Pty Ltd, and has lodged a mining lease application to explore and potentially mine the site. The mineral resource has been classified under the JORC 2012 code with substantial measured and indicated resources, presenting potential economic benefits. This new development could serve the needs of both the Youanmi Gold Project, developed by Rox Resources, and Venus Metals’ own Youanmi Critical Mineral Project.
For further insights into AU:VMC stock, check out TipRanks’ Stock Analysis page.