Venus Metals Corporation Limited provided an update on its initial field reconnaissance studies at two high-priority areas at its Barrabarra North Ni-Cu-PGE Project. Location of Venus' Barrabarra North and Bridgetown East Projects and Chalice Mining Ltd.'s Project areas within the West Yilgarn Ni-Cu-PGE Province Venus' Barrabarra North Cu-Ni-PGE project is located in the northwest of the Yilgarn Craton and comprises five exploration licence applications for a total of 986 km2; it abuts Chalice Mining Limited's Barrabarra. Project where Chalice is planning an aircore drilling program to test soil anomalies and EM conductors. The project area falls within the West Yilgarn Ni-Cu-PGE Province first outlined by Chalice that covers an area of c. 1,200km X 100km and extends from the Narryer Terrane in the north to the South West Terrane in the south. Venus' Bridgetown East Ni-Cu-PGE project abuts Chalice's and Venture Minerals' South West Project. Venus identified prospective target areas at its Barrabarra North Project near Chalice' tenure based on the Laterite geochemical database for the western Yilgarn Craton published by the Geological Survey of Western Australia1. In the southern part of ELA 59/2548, concentrations of 4,410 ppm chromium, and 10.5 ppb and 12.5 ppb of palladium and platinum respectively are reported in YLA laterite sample; in the central part of Venus' Barrabarra North Project, YLA laterite sample has 300 ppm Cr, 82 ppm copper 13 ppb Pt and 16.4 ppb Pd. These concentrations are anomalous in laterite and may indicate the presence of mafic and/or ultramafic bedrock within the dominantly granitic terrain. Mafic-ultramafic intrusive rocks may, potentially, be sulphide-bearing and hosting Cu-Ni-PGE mineralization of the Julimar type discovered by Chalice. Regional gravity data show areas of higher density and regional magnetic imagery shows magnetic features that may be related to mafic-ultramafic intrusives within the granite terrain. Initial field reconnaissance comprised soil and laterite sampling along traverses and at several random locations in two of the northern ELAs. Soil samples were taken from c. 0.5m depth and sieved to +1.6 and -5 mm, the same soil fraction used by Chalice for its regional geochemical surveys. According to Chalice "values above 80 ppm Ni, 20 ppm Cu and 5 ppb Pd are considered highly anomalous" in soil. In ELA 59/2548, a west-northwest trending 1.9 km long soil traverse overlaps the location of YLA laterite sample. The soils show very high Cr concentrations over a 400-500 m interval and highly anomalous Cu concentrations in most samples along the traverse. Nickel, Pt and Pd are also anomalous with maxima of 63 ppm, 9 ppb and 4 ppb respectively. In ELA70/5787, soil sampling was completed along an 800 m long traverse to test anomalous Pt-Pd-Cu concentrations in YLA laterite sample 101358. Two samples at the eastern end of the traverse show highly anomalous Pd and Cu and this anomaly remains open to the north, south and east. Laterite samples were taken to verify historical YLA results and to add to the coverage where possible.