Venus Metals currently has two JORC resources;
JORC compliant total Magnetite Mineral Resource of 698.1 Million Tonnes (an Indicated Resource of 311.2 Mt and Inferred Resource of 386.9 Mt) was estimated for Yalgoo Iron Ore Project, and
JORC compliant Inferred Resource has been estimated at 21.5 Mt at an average grade of 28 CPHT for a total of 6,000,000 carats, using a cut-off of 10 CPHT at its Argyle Smoke Creek Alluvial Diamond Project.
The longer term exploration strategy at Venus is focused on the discovery of world-class/giant ore deposits within 100% owned tenements targeting concealed regions of Lower Proterozoic orogenic belts which host the majority of Australia’s giant ore bodies including Argyle (diamonds), Telfer (gold), Olympic Dam (iron oxide copper gold), Broken Hill (base metals) and Mt Isa (base metals, IOCG). The company has 5 super projects being Argyle North, Telfer North, Gawler Carton West, Murchison Base Metals and Copper Hills.
Venus currently has 16 granted Exploration Licences and 24 Prospecting Licences. It also has 14 pending Exploration Licence applications and 2 Mining Lease applications in Western Australia.
- Iron Ore
- Base Metals