The directors of Venus Metals Corporation Limited announced the successful completion of initial reconnaissance drilling on Curara Well Gold-Base Metals Project (E52/3069), located 10 km northeast of Sandfire Resources DeGrussa Copper Mine and 10km Southwest of Plutonic Gold Mine. Five RC drillholes were drilled on selected three prospective geophysical (pipe-like) targets delineated through 3D modelling of the magnetic data and electromagnetic (`VTEM') surveying. Drilling was undertaken by local contractor, Top Drill, however the main ‘Bullseye magnetic pipe anomaly’ (P1) target depth of 300m could not be reached due to excess groundwater in CWRC001 and CWRC004. Hence, drilling did not fully test the fault-controlled mineralization at depth. The drill samples were collected at one metre intervals from a rig-mounted cyclone. Three metre composite assay samples were prepared from drill spoil using the spear method. The 3m composite samples and few selected 1m samples were assayed at the SGS and Nagrom Labs respectively, for 32 major and trace elements. The main lithological units intersected in drillholes include several metres of thick mafic/serpentinised ultramafic formations below over thrust granites, numerous 1-6m wide interlayered magnetite-rich units and undifferentiated granitoids. Fine disseminated sulphides were visible within a number of intercepts, associated with thick ultramafic zones in three drillholes (CWRC002, CWRC003 and CWRC005) in two different targets. The petrographic study undertaken by Dr. Roger Townend (Townend Mineralogical Laboratory) has identified these ultramafic rocks as altered peridotites (with pleochroic Phlogopite, prismatic tremolite and chlorite - olivine is mainly replaced by talc serpentine). Other rock types include Magnetite Carbonate Quartzite (with ankerite/dolomite with a trace of calcite), altered Tonalite with Quartz Chlorite veins, Trachydolerites, Meta Gabbro (with partial alteration to sericite, and aggregates of saussurite/clinozoisite and epidote). Significantly the ore petrography study has identified Millerite (Nickel Sulphide), with accessory Pentlandite, Pyrrhotite and traces of Chalcopyrite in RC chip samples from two drillholes (CWRC003 and CWRC005) located 3 km apart. The millerite commonly occurs as composite grains with pyrrhotite. Exceptionally examples reach 250 with included fine chalcopyrite. The Ni assays reflect the widespread presence of Millerite (Pentlandite) throughout the serpentinised Peridotites. The area has been shown to be highly prospective for large nickel sulphide accumulation based on these initial encouraging results. VMC is currently planning to conduct a MagLag sampling programme followed by diamond drilling utilising a previously won DMP drilling grant. The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. T. Putt of Exploration & Mining Information Systems, who is a member of The Australian Institute of Geoscientists. Mr. Putt has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Putt consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.