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Venus Metals Corporation Limited ( (AU:VMC) ) just unveiled an announcement.
Venus Metals Corporation Limited announced that IGO Limited’s subsidiary has decided to advance to Stage 2 of the farm-in exploration at the Bridgetown-Greenbushes Project, with a $3 million expenditure commitment. This development allows the IGO Subsidiary to potentially increase its interest in the project to 70% by meeting the expenditure requirements. The extension of the Stage 2 farm-in period until November 2028 and the successful identification of significant soil anomalies highlight the project’s potential, enhancing VMC’s asset portfolio and industry positioning.
The most recent analyst rating on (AU:VMC) stock is a Hold with a A$0.18 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 company engaged in the exploration of gold, copper, base metals, lithium, titanium, and vanadium projects primarily located in Western Australia. The company also holds a 1% royalty over the Youanmi Gold Mine and is a significant shareholder in Rox Resources Limited.
Average Trading Volume: 592,304
Technical Sentiment Signal: Buy
Current Market Cap: A$39.52M
Find detailed analytics on VMC stock on TipRanks’ Stock Analysis page.