ABN Newswire

Atlas Iron Limited (ASX:AGO) Bolsters Board In Preparation For Rapid Growth Phase

newsroom@abnnewswire.net — Mon, 28 May 2012 08:27:00 GMT

Atlas Iron Limited (ASX:AGO) is pleased to advise that it has made two key Board appointments as part of its preparations to grow iron ore production rate from 6Mtpa to as much as 46Mtpa.

Chief Commercial Officer Mark Hancock has joined the Board as an Executive Director. The appointment reflects the central role played by Mr. Hancock in Atlas' corporate and trading transactions.

Mr. Hancock has been pivotal to Atlas' highly successful record of mergers, acquisitions and asset disposals. He is also on the front line of Atlas' iron ore sales activity, which has enabled the Company to consistently maximise its revenue and profit margins.

Mr. Hancock is a Chartered Accountant with over 25 years' experience. He commenced his career in public practice and subsequently held senior financial management roles across a variety of industries in Australia and South East Asia with companies including Woodside Petroleum, Premier Oil and Lend Lease.

Mr. Hancock joined Atlas in July 2006 as Chief Financial Officer (CFO) and was promoted to his current role as Chief Commercial Officer (incorporating the CFO role).

His appointment means Atlas will now have three executive directors, including Executive Chairman David Flanagan and Managing Director Ken Brinsden. This will be reduced to two when Mr. Flanagan moves to the role of Non-executive Chairman in August 2012.

Atlas has also strengthened its Board with the appointment of Geoff Simpson as an independent Non-Executive Director.

Mr. Simpson is the Managing Partner of the Perth office of a first tier global law firm. He is also the Global Head of his law firm's Mining Group and a member of the Global Partnership Selection Committee.

Mr. Simpson advises on a wide range of matters in the energy and resources sectors including mergers and acquisitions, projects, corporate advisory and equity capital markets issues.

He is acknowledged in independent legal directories as a leader in Australia in the energy and resources sectors. He has held directorship in listed mining and energy companies and is a former national president of AMPLA, the resources and energy law association.

These important Board appointments are part of Atlas' preparations for significant growth, with its iron ore production rate forecast to increase from 6Mtpa currently to 12Mtpa by December 2013 and up to 46Mtpa by 2017.

Atlas' direct shipping iron ore projects are characterised by low capital expenditure and globally competitive operating costs, contributing to Atlas' ability to generate significant operating cash flows. As a result the Company is well positioned to fund its Pilbara growth objectives.

Atlas Chairman David Flanagan said Mr. Simpson would bring a wealth of corporate knowledge and experience to the Board.

"We are delighted to have secured the services of Geoff as Non-executive Director," Mr. Flanagan said. "His expertise will be invaluable as Atlas continues to execute strategy for rapid production growth."

Atlas Managing Director Ken Brinsden said Mr. Hancock had been instrumental in Atlas' success.

"Mark has made a huge contribution to Atlas since he joined us in 2006," Mr. Brinsden said. "His experience will be invaluable at the Board level as Atlas drives its expansion strategy."

Following the appointments, the Board will comprise five independent non-executive directors, one non-executive director and three executive directors.

Atlas Iron Limited
T: +61-8-9476-7900
F: +61-8-9476-7988 
WWW: www.atlasiron.com.au

Archer Exploration Limited (ASX:AXE) Resignation of Hon John Dawkins and Peter Meers as Directors

newsroom@abnnewswire.net — Fri, 25 May 2012 10:26:00 GMT

Archer Exploration Limited (ASX:AXE) advises that following the sale of the remaining shares held in Archer by Hudson Resources Limited ("Hudson and related companies"), Mr. Peter Meers has resigned as a Director of Archer, effective immediately. The Honourable John Dawkins AO is currently overseas but has notified the Chairman that he intends to resign as a Director of Archer within the next week. Archer will notify ASX upon receiving a signed written resignation from John Dawkins. Both Directors were appointees of Hudson and their appointments were conditional on Hudson maintaining a substantial share holding in Archer.

The Board of Archer greatly appreciated and benefited from the skills and broad range of business experience that John and Peter bought to the Company during their Directorships.

Archer with its solid cash position is well placed to accelerate exploration and development of its key graphite projects at Campoona and Sugarloaf. Resource drilling to achieve a JORC Measured Resource at Campoona is underway and weather permitting, will be completed within three months. Given the importance of Campoona and the other emerging projects that the Company has, Archer will be commencing a search for a senior person with substantial mining experience to join the Company as a Director to assist in the transition from explorer to miner.

Archer Exploration Limited
T: +62-8-8272-3288
WWW: www.archerexploration.com.au

Baobab Resources plc (LON:BAO) Ruoni Flats Drilling Uncovers Continuations To Tenge Mineralisation

newsroom@abnnewswire.net — Thu, 24 May 2012 16:00:00 GMT

Baobab Resources plc (LON:BAO) the mineral exploration and development company with a portfolio of assets in Mozambique, is pleased to provide an update on drilling at the Tete pig iron, vanadium and titanium project.

IFC (International Finance Corporation) hold a 15% participatory interest in the Tete Project with Baobab owning the remaining 85%.

HIGHLIGHTS

- Drilling programmes in the Ruoni prospect area are nearing conclusion with more than 7,500m of diamond and reverse circulation (RC) drilling completed to date.

- Drilling at Ruoni Flats, where a 120Mt to 260Mt Exploration Target has been estimated by consultant Coffey Mining, has intersected a heavily mineralised package, up to 100m thick, that clearly represents the downdip continuations to the Ruoni North and Tenge resource blocks.

- Resource upgrade drilling is on-going at Chitongue Grande, Ruoni North and Ruoni South resource blocks.

- 2011 RC drilling of the down-dip portions of the 159Mt Tenge resource block terminated in mineralisation due to excessive water. Recently completed diamond twin holes have penetrated deeper through the sequence and demonstrate that the mineralised package is substantially thicker than that modelled in the resource estimate.

Commenting today, Ben James, Baobab's Managing Director, said: "Baobab is very pleased with progress made in the field, particularly at Ruoni Flats where drilling is outlining a potentially substantial addition to the resource inventory. An expanded resource in the tenge/Ruoni area will enable the Company to credibly consider larger scale production scenarios, the technical and commercial merits of which will be further clarified as the results of the marketing study and high level financial simulations are finalised. Baobab looks forward to presenting the drill hole analytical results as they become available.

"The pre-feasibility study is progressing on schedule. The beneficiation test work is nearing completion, on the back of which the process engineering can get underway. The environmental impact assessment, plant and infrastructure option studies and marketing report are all well underway. In parallel to the technical programmes, the Company is advancing corporate initiatives to ensure the project's successful development.

"I encourage investors to download a copy of this announcement from the Company's website as it includes a cross-section through the Ruoni Flats / Tenge prospects that illustrates the scale and continuity of the deposit."

DRILLING PROGRAMME

To date an aggregate total of c.3,000m diamond and c.4,700m RC has been completed since drilling commenced on 27 February 2012. The purpose of the drilling programme is twofold: to upgrade confidence in the Chitongue Grande, Ruoni North and Ruoni South resource blocks from inferred to indicated categories; and to define a new resource block in the Ruoni Flats prospect area where consultant, Coffey Mining, estimated an Exploration Target of 120Mt to 260Mt (please refer to RNS dated 29 March 2012 for details).

Drilling at Ruoni Flats has intersected a heavily mineralised package that clearly represents the down-dip continuations to the Ruoni North and Tenge resource blocks. The package varies in thickness from c.80m to c.100m and typically includes minor intercalations of non-mineralised gangue material. Depth to top of mineralisation commences from c.175m in the north and east, deepening to up to 294m in the southwest.

Two diamond twin holes have also been completed at the Tenge resource block. 2011 RC drilling of the down-dip portions of the 159Mt Tenge resource terminated in mineralisation due to excessive water. The diamond twin holes have penetrated deeper through the sequence and demonstrate that the mineralised package in the deeper portions of the block is substantially thicker than that modelled in the resource estimate.

Drill samples are composited to 0.5m or 1m intervals on site before being sent to ACT-UIS laboratories in Tete, Mozambique for crushing and splitting. Representative samples are then despatch to ALS Chemex laboratories in Perth, Western Australia for further compositing (maximum composite length of 6m), Davis Tube Recovery (DTR) and X-ray Fluorescence Spectrometry (XRF) analysis. The Company will announce results as they come to hand.

A copy of this RNS, including a drill hole location plan and cross-section through the Ruoni Flats/Tenge prospects, is available for download from the Company's website at: http://www.baobabresources.com/investor/aimannouncements.

Baobab Resources PLC
Ben James: Managing Director
Tel: +61-8-9430-7151

Jeremy Dowler: Chairman
Tel: +44-1372-450529

Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
T: +44-20-7383-5100

Shore Capital 
Jerry Keen / Toby Gibbs
T: +44-20-7468-7964

Fortbridge Consulting
Matt Beale
T: +44-7966-389-196

Archer Exploration Limited (ASX:AXE) Resource Drilling Recommences at Campoona Graphite Project

newsroom@abnnewswire.net — Thu, 24 May 2012 08:36:00 GMT

Archer Exploration Limited (ASX:AXE) advises that resource drilling recommenced on the 23rd May 2012 at the Company's 100% owned Campoona Graphite Project located approximately 12km north of the township of Cleve on Eyre Peninsula, South Australia.

Drilling by the Company in February and again in April 2012 confirmed the presence of visible flake graphite within a discrete intense graphitic shear zone hosted in low grade graphitic proto-gneiss (high grade metamorphosed sediments). The high grade graphite unit averages 10-50m in true width with the hangingwall section particularly high grade averaging over 15% graphitic carbon and carrying visible flake.

The current phase of drilling is the third and final phase of a staged resource drilling programme to identify a JORC Measured Resource at Campoona Shaft. It is expected that the drilling will take 8-12 weeks to complete with the assay results to be progressively reported.

Notes on Exploration Potential

Exploration Potential - Tonnage*

Drilling results at Campoona Shaft confirm that the graphitic-rich body consists of a discrete intense graphitic shear zone hosted in low grade graphitic proto-gneiss (high grade metamorphosed sediments). The high grade graphite unit averages 10-50m in true width with the hangingwall section particularly high grade averaging over 15% graphitic carbon and carrying visible flake. The drilling shows the graphite to extend to a vertical depth of at least 100m and there are no signs of thinning at depth. Drilling results are limited to a strike length of 600 metres however the deposit remains open along strike to the north. No density measurements have been conducted at this time but given the composition of the unit it is reasonable to ascribe a density of 2.2gm/cc.

The lower bound exploration potential assuming a strike length of 600m, an average width of 25m, a down-dip extent of 100m and a specific gravity of 2.2gm/cc is estimated at 3Mt.

The upper bound exploration target assumed a strike of 600m (despite the deposit being open to the north) and a vertical extent to the deposit of 150m is estimated at 5Mt.

Central Campoona has the same overall geology however the intense graphitic unit is narrower averaging 10m in true width. Drilling results are limited to a strike length of 1,400 metres however the deposit remains open along strike to the south. The lower bound exploration potential assuming a strike length of 1,400m an average width of 10m, a down-dip extent of 100m and a specific gravity of 2.2gm/cc is estimated at 3Mt.

The upper bound exploration target assumed a strike of 1,400m (despite the deposit being open to the south) and a vertical extent to the deposit of 150m is estimated at 5Mt.

Exploration Potential - Grade*

At Campoona Shaft the arithmetic average of the graphitic schist in the 10 holes completed to date (sample size n=267; x 11.0%TGC) is 10-12%TGC. A lower grade cut-off of 5%TGC was used.

At Campoona Shaft the arithmetic average of the graphitic schist in the 6 holes completed to date (sample size n=72; x 12.4%TGC) is 11-13%TGC. A lower grade cut-off of 5%TGC was used.

The depth of oxidation at both areas is approximately 80m vertically below surface corresponding with the current water table.

*The potential quantities and grades presented are conceptual in nature, there has been insufficient exploration to define an overall Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource

Metallurgical Testwork

Samples from the April drilling have been submitted for petrological examination and for detailed metallurgical evaluation. Test results should be available within the next week and will be reported once collated.

For the full announcement including tables and charts, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-188120.pdf

Archer Exploration Limited
T: +62-8-8272-3288
WWW: www.archerexploration.com.au

Padbury Mining Limited (ASX:PDY) Boardroom Radio Interview

newsroom@abnnewswire.net — Mon, 21 May 2012 09:50:00 GMT

The company advises that the company's Managing Director, Gary Stokes participated in a Boardroom Radio interview which can be accessed on Boardroom Radio's website brr.com.au as well as on the company's website.

To listen, copy the following details into your web browser:
http://abnnewswire.net/lnk/496A463P

The interview covers the latest results from DSO drilling at Telecom Hill.

Padbury Mining Limited
T: +61-8-6460-0250
F: +61-8-6460-0254
WWW: www.padburymining.com.au

Queensland Mining Corporation (ASX:QMN) Appoints White Range Resource Development Manager

newsroom@abnnewswire.net — Fri, 18 May 2012 09:59:00 GMT

Queensland Mining Corporation (QMC) (ASX:QMN) announces the appointment of Doug McLean to the new position of Resource Development Manager for the White Range Project. Doug is a highly experienced geologist with over 35 years experience in the industry having extensive, multi-commodity experience over greenfields exploration, advanced projects and mine production. He has held senior project development positions with North Flinders Mines and East African Gold Mines for 17 years prior to acting as an independent consulting geologist over the past 9 years, focused on mineral resource development from conceptual evaluation through to feasibility study and project execution.

Recently, Doug was engaged as the senior project resource geologist at the Tropicana Gold Mine in WA for Anglogold Ashanti Ltd.

Doug's contribution will significantly enhance the QMC strength in resource assessment and evaluation. His principle role will be to work closely with the White Range QMC study project team and with the feasibility study consulting engineers, Calder Maloney, to prepare the White Range mineral resource base for copper production.

QMC has retained Golder Associates to provide resource estimation consultant support to the White Range project. Golder Associates primary responsibility will be to review and update the JORC compliant mineral resource estimates in the light of the feasibility resource delineation drill program due to commence in June 2012. This builds on previous work conducted by Golder Associates on the White Range project including resource estimation, pit optimization and mine planning.

"The appointments of Doug McLean and Golder Associates to the White Range feasibility study team is another important step in the development of our significant JORC resources towards production" Howard Renshaw, Managing Director of QMC said.

Queensland Mining Corporation
T: +61-2-9251-6730
F: +61-2-9251-6326
WWW: www.qmcl.com.au

Atlas Iron Limited (ASX:AGO) Presentation at BAML conference May 2012

newsroom@abnnewswire.net — Thu, 17 May 2012 08:26:00 GMT

Atlas Iron Limited (ASX:AGO) is pleased to provide a Company presentation at BAML Conference for May 2012.

Company Highlights

- Strong operating cash flows from existing mines
- Low cash operating costs
- 1 Billion1 tonne Pilbara DSO resource base
- Growth focus - 6Mtpa currently, targeting 15Mpa by 2015 and 46Mtpa by 2017
- Realisable infrastructure solutions
- Substantial Port Hedland Inner Harbour port capacity
- Fast growing ASX 100 company, paid maiden dividend in October 2011
- New mines in 2012 & 2013 - Mt Dove, Abydos, Mt Webber

To view the complete Atlas Iron Presentation, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-AGO-590106.pdf

Atlas Iron Limited
T: +61-8-9476-7900
F: +61-8-9476-7988 
WWW: www.atlasiron.com.au

Padbury Mining Limited (ASX:PDY) Peak Hill - More Telecom Hill DSO Mineralisation

newsroom@abnnewswire.net — Wed, 16 May 2012 09:46:00 GMT

Padbury Mining Limited (ASX:PDY) and Aurium Resources (ASX:AGU)("the JV Partners") are pleased to announce more highly encouraging results from the recent DSO evaluation drilling program at the Telecom Hill East prospect, part of the Peak Hill Iron Project Joint Venture ("JV" or "Project"). The reverse circulation percussion ("RCP") drilling program was successful at targeting hematite and goethite enrichment of the Robinson Range Formation.

The Telecom Hill DSO target area was recognised from geological mapping and aeromagnetic survey data along strike from high-grade DSO intercepts drilled in 2010.

Mapping indicated that hematite / goethite enrichment had occurred at or near the shale contact of the main BIF unit and this has been confirmed by drilling. The drilling demonstrates that the mineralisation is continuous over 1300m and extends beneath cover and remains open to the west and southeast.

The onsite components of the evaluation programs for the hematite and magnetite are complete. Padbury and CSA Global will review and validate all analytical results as they become available whilst embarking on modelling for JORC compliant estimation work during this quarter.

Telecom Hill East Drilling Program

The Telecom Hill East DSO drilling program was completed during November-February 2011 / 2012 and comprised 33 holes (TH109 - TH141) for a total of 3007m. All holes were drilled at an inclination of -60° to a nominal depth of 100m and had varying directions depending on the strike of BIF stratigraphy.

These latest (and final) results from the Telecom Hill drilling program further emphasise the potential of the deposit and have expanded the mineralised zone to the west. The results support the aeromagnetic interpretation that suggests more mineralisation is likely to occur to the east and west.

The DSO drilling program at the Telecom Hill East target area shows a band of hematite-goethite enrichment occurs in one of the main BIF units within the Robinson Range Formation. The DSO mineralisation extends over a strike length of 1300m to a maximum known depth of 100m (down hole).

All holes were sampled at 1m intervals and analysed for a standard iron suite using fused disc XRF and LOI by TGA at ALS Laboratories in Perth. All assays for this program have now been received.

Program Results

The Telecom Hill East drilling program indicates the mineralised zone extends approximately 1300m to depths of up to 100m (down hole). The mineralisation occurs as massive hematite and goethite enrichment within the BIF and is most likely the result of a mixture of hypogene and supergene enrichment.

The mineralised zone appears to be conformable with the BIF stratigraphy and is open to the west and southeast (Figure 2). The best intercepts form recent results are displayed in Table 1. The mineralisation has mostly low alumina values and highly variable silica and phosphorus values. LOI values vary according to the relative quantities of hematite and goethite.

A number of key target areas have not been adequately tested to date due to heritage restrictions and difficult access due to steep topography. The mineralisation in the area of holes TH109-113 needs more work as these holes were drilled down dip to avoid heritage sites. These targets will form part of the next round of drilling to better define the DSO deposits in this area.

Now that all of the results have been received, modelling and JORC compliant mineral estimation work has commenced. Independent geological consultants CSA Global Pty Ltd are completing the work.

Peak Hill Iron Project History

In 2009, the Peak Hill Project JV partners recognised the potential of the Telecom Hill Deposit area to host significant tonnages of magnetite beneficiation feed ore (BFO), and since then they have undertaken a number of exploration programs to increase understanding of the deposits. In addition to the magnetite potential, a number of small DSO deposits have been investigated to compliment the magnetite project.

The JV partners have committed to the rapid evaluation of the prospect, which to date has included surface rockchip sampling; evaluation RC percussion drilling programs, aeromagnetic interpretation and a detailed geological mapping - all with positive results.

The Telecom Hill Prospect lies within Exploration Licence E52/1860. The principal target within the tenement is the Robinson Range Iron Formation, a sequence of interbedded BIF, granular iron formation (GIF), siltstone and shale. The iron formation stratigraphy forms a prominent ridge (Telecom Hill) that strikes approximately east-west within the tenement.

Drilling at the Telecom Hill Prospect to date has tested just 4km of the identified 10km strike length of the targeted area of iron mineralisation. Exploration data indicates substantial potential for delineation of additional mineralisation.

For the complete Padbury Mining announcement including: Table 1. Recent significant intercepts from Telecom Hill and Mt Padbury DSO RCP Programs, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-PDY-589986.pdf

Padbury Mining Limited
T: +61-8-6460-0250
F: +61-8-6460-0254
WWW: www.padburymining.com.au

Archer Exploration Limited (ASX:AXE) Share Purchase Plan Allotment and Return Cheques

newsroom@abnnewswire.net — Mon, 14 May 2012 13:47:00 GMT

As advised in the release to the ASX on 3 May 2012, the Archer Exploration Limited (ASX:AXE) Share Purchase Plan (SPP) was oversubscribed and closed early with applications received by mail postmarked 3 May 2012 or earlier, or BPay up to 6.00 pm on 3 May 2012 to be accepted. Application monies received after the close will be fully refunded.

Even though the SPP was closed early, there was a significant oversubscription and all valid applications received from entitled holders prior to the amended closing date will be scaled back. Successful applicants will receive approximately 70% of the number of shares applied for with the remaining application monies to be refunded.

The original Key Dates for the SPP have not changed and the maximum 5,000,000 shares to be issued under the SPP will be allotted on 16 May 2012. The Despatch Date for the confirmation of transaction and refund cheques will be mailed to applicants on 18 May 2012.

The Directors wish to thank all shareholders who have participated in the SPP for the continued confidence they have shown in the Company.

Archer Exploration Limited
T: +62-8-8272-3288
WWW: www.archerexploration.com.au

Venus Metals Corporation Limited (ASX:VMC) Processing of Diamondiferous Gravels Commences

newsroom@abnnewswire.net — Fri, 11 May 2012 09:04:00 GMT

The Directors of Venus Metals Corporation Limited (ASX:VMC) are pleased to report that processing of diamondiferous gravels at the Argyle Smoke Creek Alluvial Diamond project has commenced for economic evaluation.

Venus' Argyle Smoke Creek Alluvial Diamond Project lies adjacent to the Argyle diamond mine (Figure 1).

The Smoke Creek Alluvial Diamond Project has a JORC Inferred Diamond Resource of 6,000,000 carats.

After economic and resource confidence consideration, with a cut-off of 10 CPHT applied, the Inferred Resource has been estimated at 21.5 Mt at an average grade of 28 CPHT for a total of 6,000,000 carats (refer ASX announcement 7 September 2011).

The 1979 discovery of alluvial diamonds in Smoke Creek led to the discovery of the world-class Argyle diamond deposit.

Argyle Diamonds Ltd has operated its Argyle diamond mine in WA since 1985 although it had commenced alluvial diamond mining at nearby Smoke Creek in 1983. Argyle was the largest diamond mine in the world for many years, peaking at approximately 42.8m carats in 1994. Argyle Diamond Mines (ADM) operated an alluvial mine in upper Smoke Creek for many years, supplementing the hard rock AK1 production with the alluvial product which had a better quality distribution than AK1 and included the rare pink diamonds.

ADM's bulk sampling within the Venus ground recorded the presence of diamonds within all the samples taken (sample size was typically around 30 tonnes). The highest grade ADM recorded was from bulk sample SC24-6 which returned 200 carats/hundred tonnes (CPHT) from the sample depth interval 5-6 metres. Other encouraging results included bulk sample SC22-1 which returned 186 CPHT from surface to one metre depth, and sample SC31-3 which returned 185 CPHT from 2-3 metres.

In February 2012 Rio Tinto announced that it had discovered Australia's biggest rough pink diamond at Argyle weighing 12.76 carats with an estimated value of around $20million. Indeed, one report in the Daily Mail (UK) speculated it could fetch as much as GBP25m at auction. This stone is currently being cut & polished at Argyle and may be included in Argyle's Pink Diamonds Tender. This stone, while it is rare, demonstrates that the AK1 pipe can produce some very special stones.

The Venus Smoke Creek Alluvial Diamond Project contains the same diamondiferous gravels as those already mined by Argyle in upper Smoke Creek and are derived from the Argyle (AK1) lamproite pipe at the head of Smoke Creek.
Tom Albanese, Chief Executive Officer of Rio Tinto was quoted in the company's "Rare and Collectable" press release (July 2010) saying:

"Thirty years ago there were very few people who believed Australia could hold the secret of diamonds - even fewer could foresee the discovery of the rarest of all diamonds - the Argyle pink diamond."

The release further stated "...with only a decade of remaining mine life at Argyle, these rare pink diamonds are becoming rarer".

Another Rio Tinto press release (September 14, 2010) states that: "the Argyle Diamond Mine... produces virtually the entire supply of the world's pink diamonds". Also - "Pink diamonds are among the most intriguing and highly valued gems in the world both because of their richness, colour and rarity".

Venus' Argyle Smoke Creek Alluvial Diamond Deposit potentially provides a new source of genuine, Kimberley Process compliant, issue-free Australian diamonds including the rare pinks.

The purpose of Venus' bulk sampling and diamond recovery program is to establish the quality and value distributions of diamonds recovered for economic modelling for international marketing and funding proposals and commercialisation strategies.

Diamond results from the program will be announced to ASX as soon as they become available.

To view the complete Venus Metals announcement including Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-VMC-589476.pdf

Venus Metals Corporation Limited
T: +61-8-9321-7541
F: +61-8-9486-9587
WWW: www.venusmetals.com.au