WELCOME TO VENUS METALS
Venus Metals Corporation Limited is an ASX listed Company (ASX Code: VMC).
Its focus is on the exploration and development of Iron Ore and Base Metals Projects in the Midwest Region of Western Australia.
The Midwest Region was host to the first iron ore mine in Western Australia and now hosts several producing iron ore mines with iron ore products being transported via existing rail and road infrastructure to the Geraldton Port for export.
Venus Metals currently has a JORC Compliant Magnetite Mineral Resource of 698.1 Million Tonnes and, has three different types of Direct Shipping Ore (DSO) mineralisation being CID, Bedded Hematite and Detritals within the project area.
An estimated exploration target* has been calculated for each type of DSO mineralisation identified:
| Target Area 1
|| 5,000,000 to 7,000,000 tonnes
| Target Area 2
|| Bedded Hematite/Canga
|| 2,000,000 to 3,000,000 tonnes
| Target Area 3
|| 3,000,000 to 5,000,000 tonnes
The total exploration target potential for the three areas is 10-15 Million tonnes (50% to 63% Fe)
*The “exploration target potential” quantity and grade is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource (JORC Code, 2012).