Ann: High Powered EM Survey commenced at Vidure Cu-Ni Prospect, page-2

Great to see them start work on the copper/Nickle targets, hopefully market wakes up to the area potential they have

YOUANMI BASE METALS PROJECT
VIDURE COPPER‐ NICKEL PROSPECT
HIGH POWERED ELECTROMAGNETIC SURVEY COMMENCES AT VIDURE

Great to see them start copper/Nickle exploration, hopefully market wakes up to the area potential they have

The Directors of Venus Metals Corporation Limited ("Venus") are pleased to advise that a high
powered fixed‐loop electromagnetic (FLEM) survey has commenced at the Company's Vidure
Copper‐Nickel Prospect on E57/1011 (Figure 1).

The Vidure prospect is part of the Company's Youanmi Base Metals Project and is within the
Youanmi tenement holdings. The Youanmi area includes a variety of mineralisation styles and
commodities including gold, silver, copper‐zinc, titanium‐vanadium and nickel‐copper‐PGEs.
The base metals project on E57/1011 is 90% owned by Venus with the remaining 10% owned
by the Prospector.

The Vidure prospect was identified as a Ni‐Cu‐PGE geochemical anomaly located on the
southern margin of the Youanmi layered mafic intrusion. Base metals mineralisation was first
identified by WMC in 1973 in the historical diamond hole MYDD0041 (WMC 1973) with a
1.22m intersection of massive sulphides with 2.2% Ni and 0.14% Cu from 135m. In 1985,
BHP drilled a hole nearby, PW00762 and encountered 8m @ 1.47% Cu, 0.13%Ni and 5
g/t Ag from 120.5m, including 0.71m @ 7.01% Cu, 0.8% Ni and 21 g/t Ag from
122.35m (refer VMC ASX releases 2 November 2015 & 11 December 2015).

The current EM survey has been commissioned to follow up on historical EM surveys which
were conducted with low‐powered systems resulting in poorly constrained deeper targets
that appear to represent potential down‐dip and down‐plunge extensions of the known
mineralisation highlighted in VMC ASX release dated 11 December 2015.


The new high‐powered EM survey is to be conducted by Vortex Geophysics using their VTX‐
100 transmitter capable of an output of 100A, employing low‐base frequencies. This
represents a significant power increase on previous surveys which employed 20A transmitters
and were conducted using higher base frequencies of 2Hz‐5Hz. The expected depth of
penetration will be in the region of 500m.
The survey comprises two fixed loops to cover the previously identified, poorly constrained
anomalies with 100m spaced survey lines and readings at 25m spacings (Figure 2). The survey
is expected to take approximately one week to complete with the results to be modelled by
the Company's consultant geophysicist; immediate RC drilling of a revised potential target
plate is planned.

References
1. WA DMP WAMEX Report No A3572, Western Mining Corporation, Youangarra Annual Report,
1973.
2. WA DMP WAMEX Report No A19317, BHP Minerals Ltd, Pincher Well Annual Report, 1985