Venus Metals Corporation Limited (ASX:VMC) Marvel Loch East Rare Earth 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.

HIGHLIGHTS:

- Soil samples (UltraFine(TM)) contain up to 6,092 ppm TREO (total rare earth oxide), including 702 ppm Nd2O3 on and adjacent to bedrock.

- Monzogranite bedrock is enriched in rare earth elements (REEs).

- The analytical results define REE anomalies in soil, laterite, and rock chips(both from Venus and the Geological Survey of Western Australia (GSWA)) along the ~25 km strike length of the arcuate aeromagnetic high and suggest the presence of REE-rich bedrock associated with the prominent magnetic features.

- Historical RAB and AC drilling in E15/1796 indicates the residual weathering profile is preserved between areas of monzogranite outcrop to depths of up to ~40 m.

- Shallow AC drilling is planned targeting residual clay zones on REE-rich bedrock to test for clay-hosted REE mineralisation.

Venus MD, Matthew Hogan, comments: "The REE analyses of up to 6,092 ppm TREO in soil are exceptional and highly significant, especially when considering they are discovered in an area that has a 25 km aeromagnetic high with associated REE-enriched monzogranite bedrock."

*To view project background and figures, please visit:
https://abnnewswire.net/lnk/227IP96J

Matt Hogan
Managing Director
Venus Metals Corporation Limited
Tel: +61 8 9321 7541