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Venus Metals Corporation Limited (ASX:VMC) Youanmi Gold and Base Metals Projects Update
Youanmi Gold and Base Metals Projects Update Perth, April 12, 2021 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) is pleased to announce changes to the management of three joint ventures ( JV ) at the Youanmi Gold Project (Figure 1 ). Importantly, these changes will not affect the ownership structure of the JVs (Venus contributing) and in the case of the regional exploration JVs - YOUANMI JV and VMC JV, will only relate to gold exploration; all other commodities remain with Venus.
In accordance with the settlement of the JV formations (refer ASX release 10 April 2019) and following fulfillment of its expenditure commitments, Rox Resources Limited ( Rox ) has earned 45 to 50% interest in the regional JVs and will assume management of the regional JVs.