Venus Metals (ASX:VMC) provided an update on its Bellchambers Gold Project in Western Australia, alongside its plans for 2026.
The company has commenced a pre-feasibility study to further evaluate the Bellchambers and Rangeview deposits, building on ongoing work to advance the project toward development.
The Bellchambers mineral resource estimate stands at 754,000 tonnes at 1.27 g/t gold, or 30,800 ounces, comprising 8,800 ounces measured, 17,900 ounces indicated, and 4,500 ounces inferred.
Using a 0.5 g/t Au cutoff and an $4,500/oz optimised pit, the total measured, indicated, and inferred resource is 437,500 tonnes at 1.36 g/t gold for 19,130 ounces. These results support the potential economic viability of the deposits.
Following the grant of its mining lease, Venus engaged key consultants to assist with a mining development and closure proposal, covering flora and fauna surveys, hydrology studies, and waste characterisation.
The company plans to complete the PFS, followed by a feasibility study in Q3/Q4 FY26. Further activities include deep drilling to expand the resource, regional exploration, evaluation of mining and earthmoving options, and potential joint ventures.
Venus is also reviewing ore processing strategies, including mine gate sales to Rox Resources (ASX:RXL) or trucking to third-party facilities.
Venus targets release of its half-year report for Dec. 31 on Jan. 12, 2026, which will include an updated valuation of its 1% net smelter royalty from the Youanmi Gold Project.