Venus Metals Corporation Limited Venus Metals Corporation Limited (ASX:VMC) engages in mineral exploration across Western Australia, targeting gold, copper, base metals, lithium, titanium, vanadium, rare earth elements, and platinum-group elements. The company maintains a diversified portfolio of projects including the Youanmi Lithium Project (E57/1078), Sandstone Gold-Copper Project (E57/984), Bridgetown Greenbushes East Lithium Ni-PGE Project (E70/5315, E70/5316, E70/5620, E70/5712, E70/6009, and application E70/5675), Marvel Loch East Rare Earth Project (E15/1796 and applications), Mangaroon North Rare Earth Project, Henderson Lithium Gold Nickel Project, and Youanmi Base Metals Project; it also holds a 1% net smelter royalty over the Youanmi Gold Mine and a substantial equity stake in Rox Resources Limited. Venus Metals Corporation Limited operates exclusively in Australia from its headquarters in Subiaco, Western Australia, where the company was incorporated in 2006.
Recent developments include the advancement of its Bridgetown-Greenbushes lithium project through a farm-in joint venture with IGO Limited, under which IGO completed $3 million in Stage 1 exploration expenditure—identifying a 2.8km by 1.2km lithium-tantalum-niobium-caesium soil anomaly at the Ti Tree target—triggering a 51% IGO/49% Venus unincorporated joint venture, with IGO holding a 60-day option for Stage 2 ($3 million additional spend for 70% ownership). In November 2025, QGold Pty Ltd, which holds a 26.4% stake, launched an unconditional on-market takeover bid offering A$0.17 cash per share for the remaining shares, valuing the company at approximately A$24.5 million. Additional recent activities encompass government co-funding for copper exploration drilling at the Sandstone Pincher Copper Project scheduled for June 2025 and delineation of new lithium-caesium-tantalum pegmatite zones at Youanmi Deep South.