Venus Metals Corporation Limited: Quartlerly Report and Cash Flow Report, ending 31 March 2016
28.04.2016 | ABN Newswire
Perth, Australia - Venus Metals Corporation Ltd.'s (ASX:VMC) activities conducted during the quarter ending 31 March 2016 include:- MoU with Lithium Australia NL: The Company has executed a Memorandum of Understanding (MoU) with Lithium Australia NL (ASX: LIT) to initially test the commercial lithium potential of Venus' holdings in the Pilgangoora area - an emerging "lithium hot spot" in Western Australia.
- Greenbushes East Lithium-Tantalum Project in WA: The Company has applied for two strategic tenements in the world-class Greenbushes lithium province. The Greenbushes mine in the Southwest Mineral Province of Western Australia is one of the world's largest producers of 'hard-rock' lithium and tantalum. Venus Metals tenements lie to the east of the mine and abut Talison Lithium Australia's mining leases.
- Review of historical geological/geophysical data of Venus Lithium projects (Pilgangoora Northeast and Stannum projects in the Pilbara, the Nardoo project in the Capricorn and the Poona Project and the Greenbushes East Project) and delineation of potential target areas. A reconnaissance field trip to Pilgangoora, for rock chip/soil sampling, is planned for the coming field season.
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About Venus Metals Corporation Limited:
Venus Metals Corporation Ltd. (ASX:VMC) is focused on the exploration and development of its Western Australian Base Metal projects, which are prospective for Copper and Zinc, as well as its precious & specialty metals.
Contact:
Venus Metals Corporation Ltd.
Matthew Hogan, Managing Director
T: +61-8-9321-7541
Kumar Arunachalam, Executive Director
T: +61-8-9321-754