Demonstrated Resources with scope for growth

Located in the central part of North Troodos, the Megallen Project comprises the Kokkinoyia and Klirou licence areas. These are the Company’s most advanced prospects, both containing historical resources with considerable exploration upside. Venus aims to define a combined resource of >10Mt at a minimum 0.5% Cu, 0.5 g/t Au and 0.5% Zn. The project is being developed with a ‘hub-and-spoke’ approach, either utilising existing nearby infrastructure or a mobile plant, to produce a saleable copper–gold concentrate as the primary product.

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Project Highlights


Global Resource

9.5mt @ 0.54% Cu + 11.2% S


Klirou

4.5Mt @ 0.41% Cu and 0.78% Zn (JORC 2004)

0.42g/t Au (2018/19 conceptual modelling)


Kokkinoyia

5.2 mt @ 0.7% Cu + 11.66% S (In Pit)
(non JORC resource estimation 2017)

5.16g/t Au +37.6g/t Ag
Top Surface Au assay rock chip