Venus Metals claims sleeper stock status with | Australian Markets

In a market the place exploration hopefuls rise and fall on hypothesis, Venus Metals seems to be staking a declare for sleeper status with shares in a soon-to-be producer and a wealthy royalty stream.

At the guts of the story is the company’s shareholding in Rox Resources – an rising WA gold producer -which is valued at $20.9 million, astonishingly eclipsing Venus’ market capitalisation of simply $19.4M.

Added to its 55 million shares in Rox, Venus additionally holds a 1 per cent royalty over Rox’s Youanmi gold mine – a project now barrelling towards first gold in early 2027. The royalty was independently valued at $9.5M at a 40 per cent decrease gold price of US$2000 (A$3155) in June final 12 months.

With gold blowing via $5300 an ounce, it might ship Venus a golden money stream for years to return.

But the company’s Rox publicity is simply half the story. Venus can be pushing ahead with some high-impact exploration performs throughout WA, from gold and copper to vital minerals.

At the company’s Sandstone gold project 70 kilometres from Youanmi, the Bellchambers deposit hosts a JORC useful resource of 30,500 ounces. Management says a newly lodged mining lease and ongoing talks with Rox on a mine gate sale settlement might set the scene for near-term development.

A reverse circulation and diamond drilling program will kick off subsequent month to push components of the useful resource into the measured class and pit optimisation and metallurgical work is already lined up.

Venus’ Henderson gold project, northwest of Menzies, is shaping up as one other standout. Early drilling beneath outdated workings on the historic Hilltop mine hit a screaming 4 metres at 10.3 grams per tonne (g/t) gold, together with a 1m hit at 25.1g/t. Rock chip sampling across the website has thrown up grades as high as 77g/t. Plans are being hatched for a second drilling marketing campaign.

Over at Youanmi, Venus is chasing more than gold. A ground survey not too long ago lit up a probably large 5000 Siemens copper anomaly that would be the focus of reverse circulation and diamond drill testing in coming weeks. Shallow zinc already found within the space is being prepped for infill drilling and a potential useful resource replace.

On the company entrance, the company has inked a $6M farm-in three way partnership with main IGO Ltd proper subsequent door to the Greenbushes lithium mine. Spodumene crystals have been noticed on the Cow Slip and Flying Duck prospects, with recent gravity surveys refining drill targets.

Venus can be building a back-pocket portfolio of specialty belongings – together with a calcrete deposit close to Youanmi that might provide acid neutralisation materials to Rox’s gold plant and the company has filed a provisional patent at a titanium-vanadium-iron play with breakthrough hydromet potential.

With the inclusion of money and liquid investments now piling up to a whole of $21.6M and no debt, Venus Metals is sitting on an astonishing adverse enterprise worth, which seems to make it a uncommon ASX unicorn hiding in plain sight.

As gold costs proceed to tailwind larger, Venus has a number of drill applications underway and a pipeline of near-term catalysts, probably pointing to a effectively valued and leveraged gold junior.

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