Venus Metals Corporation Limited Appoints Mr Selvakumar Arunachalam as New Director
15.07.2011 | ABN Newswire
17:38 AEST July 15, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Venus Metals Corporation Limited (ASX: VMC) is pleased to announce the appointment of Mr Selvakumar (Kumar) Arunachalam MAusIMM M.Sc (Geology), M.Tech (Hydrogeology), PG Dip in Geothermal Tech (NZ), Dip in Science (GIS) (NZ) as a Director of the Company effective 15th July 2011. Mr Arunachalam is currently the General Manager - Operations and will continue in that position.
Mr Arunachalam has over 30 years\' experience in geology in India, New Zealand and Australia. The Board considers that Mr Arunachalam has experience which will enable him to make a valuable contribution to the ongoing development of the Company.
About Venus Metals Corporation Limited:
Venus Metals Corporation Limited (ASX: VMC) current projects consist of the Yalgoo Iron Ore Project which is located within the Murchison mid west region of Western Australia which is an emerging multi-billion dollar Chinese and Japanese iron ore investment province. The Yalgoo Project is subject to a formal farm-in agreement with HD Mining & Investment, a subsidiary of Shandong Provincial Bureau or Geology & Mineral Resources (SDGM) involving an $8m sole spend by HD Mining to earn a 50% interest in the Iron Ore Project. Once the joint venture is formed if Venus Metals elects not to contribute it will receive a 4.5% gross iron ore royalty from any production from the Yalgoo Iron Ore Project.
The company also has 3 super projects being Argyle North, Telfer North and Tropicana East projects. The focus of the super projects is for the discovery of world class deposits within concealed parts of the 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).
Contact:
Matthew Hogan
Managing Director
Ph: +61-8-9321-7541
http://www.venusmetals.com.au