Venus Metals Corporation Limited (ASX:VMC) entered into a binding sale and purchase agreement to acquire E 57/1128 from Beau Resources Pty Ltd for AUD 0.03 million on February 26, 2020. Under the terns of consideration, Venus Metals Corporation will pay Beau Resources Pty Ltd a 1% gross smelter royalty in respect of any such precious or base metals mined, processed and sold from the tenement. The transaction is subject to ministerial approval under the Mining Act 1978 (WA) being obtained. Venus Metals Corporation Limited (ASX:VMC) cancelled the acquisition of E 57/1128 from Beau Resources Pty Ltd on February 26, 2021.