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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an announcement.
Venus Metals Corporation Limited has announced an update to the Mineral Resource Estimate (MRE) for the Bellchambers Gold Deposit, located near Sandstone. The recent drilling program has led to a significant increase in the measured resource, highlighting development opportunities at Bellchambers and the newly defined Rangeview resource. The company has been granted a mining lease for these deposits and is preparing a Mining Development and Closure Proposal with the help of key consultants. This development is expected to enhance Venus Metals’ operational capabilities and strengthen its position in the gold mining sector.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an exploration company with a diverse portfolio of projects in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder of Rox Resources Limited.
Average Trading Volume: 172,417
Technical Sentiment Signal: Buy
Current Market Cap: A$19.42M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.