The Poona project is located in the Murchison Mineral Field, approximately 560 km to the north northeast of Perth. The project area comprises three exploration licenses (E20/885, E20/896 and E20/929) covering c. 473 km2 (Figure 1). These tenements overlie a number of recognised lithium and tantalum occurrences including Patons Lode, Poona Reward and Coodardy North.
Yalgoo Iron Ore Project (YIOP) is centrally placed within Western Australia’s emerging Mid-West Iron Ore Province (Figure 1). During March 2010 Venus signed the Yalgoo Farm In and Joint Venture Agreement with HD Mining & Investment Pty Ltd (HD Mining), a subsidiary of Shandong Provincial Bureau of Geology & Mineral Resources based in Jinan, China. HD Mining has earned 50% in the iron ore rights at Yalgoo.