Venus Metals Corporation Limited (VMC.AX) and Rox Resources Complete Due Diligence on the Youanmi Gold Project

Rox Resources Limited (ASX:RXL) and Venus Metals Corporation Limited (ASX:VMC) are pleased to provide an update on the Youanmi Gold Project transaction.

As announced on 31 March 2023, Rox and Venus entered into a binding agreement to consolidate their respective ownership interests in the Youanmi Gold Project in Western Australia.

The transaction is subject to several conditions precedent, including satisfactory completion of mutual due diligence. Rox and Venus are pleased to confirm the parties have completed their mutual due diligence, and the results of that due diligence are satisfactory to each of Rox and Venus.

The transaction remains subject to a number of other conditions precedent, including (but not limited to) Rox and Venus shareholder approval, regulatory approvals and material third party consents, which Rox and Venus are now working to complete in accordance with the indicative timetable detailed below*.

To view the Transaction Timetable, please visit:
https://abnnewswire.net/lnk/ZT821TA0

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

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