Page 9 - Rox Resources News Today

Resources Top 5: Another lithium acquisition, Cannon goes off on $45m takeover offer

Venus Metals Corporation Limiteds (ASX:VMC) activities conducted during the quarter ending 30 September 2022.

Nickel spot prices were slightly higher the last month and the LME inventory was slightly higher. Nickel market news - Nickel forecast to be in a slight surplus in 2022.

Venus Metals Corporation Limited (ASX:VMC) is pleased to announce that it has received firm commitments for 18,000,000 fully paid ordinary shares (New Shares) at a price of $0.12 per New Share to raise up to approximately $2.16 million.

West Australian focused gold exploration and development company, Rox Resources Limited (ASX:RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX:VMC), is pleased to present key outcomes of a technical and financial study evaluating a development option for the Youanmi Gold Project near Mt Magnet, WA.

A scoping study for the Youanmi gold project near Mt Magnet in Western Australia has indicated the potential for high returns with low capital and operating costs against industry benchmarks for joint venture partners Venus Metals Corporation (ASX: VMC) and Rox Resources (ASX: RXL).

Venus Metals Corporation Limited (ASX:VMC) is pleased to announce the results of RC drilling programs at its Pincher Well Zinc-Copper Prospect in E 57/1019 that is part of the Youanmi Base Metals Project.

Venus Metals Corporation Limited (ASX:VMC) is pleased to announce the results of reconnaissance soil and laterite sampling programs on its tenement E15/1796 (in the name of Redscope Enterprises Pty Ltd, a wholly owned subsidiary of Venus) located ~60 km east of Marvel Loch.

September saw slightly improved nickel prices and a busy month of news mostly for the nickel juniors. Click to read the latest edition of Nickel Miners News.

During 2021-2022, Venus Metals Corporation Limited (ASX:VMC) carried out exploration activities on its diverse portfolio of projects focusing mainly on Gold, Lithium, Rare Earths, Base Metals and Vanadium.