Venus Metals Corporation Limited (ASX:VMC)

Matthew Hogan
MD
Market Cap (AUD): 29.46M
Sector: Materials
Last Trade (AUD): 0.195 +0 (+0%)
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1. About

Venus Metals Corporation Limited (ASX:VMC) is a mining company focused on gold and base metals exploration. 

Venus Metal's major gold project is the Youanmi Gold Mine, located 500km north east of Perth. The Youanmi Gold Mine is owned 30% by Venus Metals and 70% by Rox Resources Limited (ASX:RXL).

New discoveries at the Youanmi Gold Mine have been made at the Grace prospect in footwall granites where very high grades of free milling gold have been intersected, including 25m @34.7g/t Au from 143m (RXRC 287) and 13m @60.49 g/t from 181m (RXRC 239). 

It is believed that the Grace Prospect may add significantly to Youanmi Gold Mine resources.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk