Venus Metals currently has two inferred JORC resources;
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Total JORC Compliant Magnetite Mineral Resource is estimated at 698.1 Million Tonnes at Yalgoo Iron Ore Project (an Indicated Resource of 311.2 Mt and Inferred Resource of 387 Mt); and
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JORC compliant Inferred Resource has been estimated at 21.5 Mt at an average grade of 28 CPHT for 6,000,000 carats, using a cut-off of 10 CPHT at Argyle Smoke Creek Alluvial Diamond Project.
A longer term exploration strategy of Venus is on the discovery of world-class/giant ore deposits within 100% owned tenements targeting concealed regions of selected Western Australian Proterozoic Orogens.
