ASX-listed Venus Metals has successfully formed four joint ventures in Western Australia with ASX-listed Rox Resources, with Venus receiving $2.5-million and 25-million shares from Rox.
The Youanmi Gold Mine Joint Venture (OYG JV) is 50%-owned by each company, with Rox having the obligation to spend $2-million on drilling and other ground exploration, together with two years of holding costs, including rents and rates.