Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Venus Metals Corporation Ltd (VMC.ASX) |
|---|---|
| Release Time | 1 Jul 2026, 8:26 a.m. |
| Price Sensitive | Yes |
Venus Metals Corporation Quarterly Activities Report for June 2026
- Sold 1.0% net smelter return royalty on Youanmi Gold Project for $47 million
- Completed auger soil sampling at Henderson Gold Project with up to 88ppb gold
- Identified significant Co-Cu-Ni anomaly at Youanmi Base Metals Project
- Initiated research and development for titanium extraction from Youanmi ore
- Announced intention to return ~25m Rox Shares and $35m cash to shareholders
Venus Metals Corporation Limited (VMC) reported its activities for the quarter ending 30 June 2026. Key highlights include the sale of its 1.0% net smelter return royalty on the Youanmi Gold Project for $47 million to Franco-Nevada Australia Pty Ltd. Auger soil sampling at the Henderson Gold Project identified gold anomalies, with up to 88ppb gold at Snake Hill Prospect. At the Youanmi Base Metals Project, significant Co-Cu-Ni anomalies were identified, covering an area approximately 1,200m long and 350m wide. The company also initiated a research and development program with Murdoch University's Extractive Metallurgy Hub to assess titanium extraction methods. Additionally, VMC announced its intention to return approximately 25 million Rox Shares and $35 million in cash to its shareholders.