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Venus sells Yalgoo for Youanmi focus

VENUS Metals is set to pocket A$2.5 million from the sale of its 50% interest in the Yalgoo iron ore project to the FI Joint Venture, which is planning a new magnetite operation in Western Australia's Mid West region.

Haydn Black
Yalgoo is targeted for WA's next magnetite mine.

Yalgoo is targeted for WA's next magnetite mine.

The deal for the sale of subsidiary Yalgoo Iron Ore, which also holds a 0.625% free-on-board royalty over all magnetite concentrate from the mining tenements being sold, will see Venus shareholders be...

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