Rox has exercised its option to acquire a further 20 percent...

Rox has exercised its option to acquire a further 20 percent interest in the OYG Joint Venture (Figure 2) and Venus has received $2m cash and $1m as Rox shares at 2.4 cents each. The funding of Venus’s exploration contribution in the OYG Joint Venture up until a decision to mine is by way of a limited‐recourse, interest free loan provided by Rox for Venus’s share of the ongoing costs (ASX release 16 June 2020). In addition to its 30% interest in the mine, Venus also holds a 0.7% NSR royalty over future gold production from the Youanmi Gold Mine.