Venus Metals Corporation Limited provided an update on its ongoing geochemical surveys at its Youanmi Lithium Project. A geochemical sampling program was completed on E 57/983 as part of a regional reconnaissance geochemical program targeting the granite ­ greenstone contact zone at the Youanmi greenstone belt that is considered prospective for lithium-caesium-tantalum (LCT) pegmatite mineralisation. This soil survey specifically targeted a beryl occurrence reported in MINEDEX (S0017351) that had not previously been tested.

A field inspection showed no evidence of historical beryl mining, and the Company therefore completed a geochemical soil survey across the beryl occurrence at 40m by 80m spacing totalling 158 soil samples; three rock chip samples of sub-cropping pegmatite were also collected. The results show three approximately northeast trending Li anomalies with the northern one centred on the reported beryl occurrence and a second anomaly located some 50m to the south. The high Li concentrations in two rock samples (2.1 % and 1.2% Li2O) together with the broad Li anomalism in soil may indicate the presence of pegmatite under local colluvium.

RC drilling is scheduled for February 2023 to test the new lithium soil and rock chip anomalies for potential pegmatite-hosted LCT pegmatite mineralization in the bedrock.