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Venus Metals Corporation Limited ( (AU:VMC) ) has provided an update.
Venus Metals Corporation Limited has announced promising metallurgical test results from its Bellchambers Gold deposit, located southwest of Sandstone. The tests revealed high gold recoveries, ranging from 90% to 99%, with efficient processing potential through a combination of gravity recovery and cyanide leaching. This suggests a low-risk, conventional processing route with opportunities for cost reduction and optimization, potentially enhancing the company’s operational efficiency and market positioning.
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 substantial shareholder of Rox Resources Limited.
Average Trading Volume: 132,090
Technical Sentiment Signal: Buy
Current Market Cap: A$20.59M
Learn more about VMC stock on TipRanks’ Stock Analysis page.