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 Veni Vidi Vici Limited (VVV) 
Veni Vidi Vici Limited: 51% Acquisition in Western Australia Gold, Copper & 
Silver Project 
 
10-Dec-2018 / 12:45 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
10 December 2018 
 
    VENI VIDI VICI LIMITED ACQUIRES A 51% LICENCE INTEREST IN A WESTERN 
                AUSTRALIA GOLD, COPPER & SILVER PROJECT 
 
                Veni Vidi Vici Limited 
 
                (The "Company" or "VVV") 
 
                                HIGHLIGHTS 
 
- Sale and purchase agreement signed between VVV and Goldfields Consolidated 
   Pty Ltd for a 51 % beneficial interest in the Shangri La gold, copper and 
                              silver project in consideration for A$220,000. 
 
       - The Shangri La Project is a gold-copper-silver project comprising a 
   polymetallic hydrothermal quartz vein type deposit covering an area of 10 
                                hectares. 
 
    - The Shangri La Project is located 10 kilometres west of Kununurra, the 
        central town of the Northeast Kimberley region in Western Australia. 
 
    Veni Vidi Vici Limited (NEX:VVV), the precious and base metals investing 
company, is pleased to announce that it has entered into a sale and purchase 
   agreement ("SPA") to acquire a 51 per cent beneficial interest ("Tenement 
 Interest") in the Shangri La Project ("Shangri La Project") from Goldfields 
                    Consolidated Pty Ltd ("Goldfields") (the "Transaction"). 
 
       The consideration payable for the Tenement Interest is A$220,000 (the 
 "Purchase Price"), to be satisfied by A$20,000 to be paid by the Company to 
Goldfields in cash and the issuance of 190,000 ordinary fully paid shares in 
                        the capital of the Company ("Consideration Shares"). 
 
    Pursuant to the terms of the SPA, VVV and Goldfields have entered into a 
  lock-in agreement whereby Goldfields has agreed to restrict its ability to 
                 sell the Consideration Shares for a period of three months. 
 
 VVV and Goldfields have also entered into a joint venture agreement ("JVA") 
       under which VVV will be responsible for an initial expenditure fee of 
A$300,000 over three years from the commencement of the JVA. Goldfields will 
  manage the joint venture ("JV") and be entitled to a 10% management fee of 
                                expenses incurred by the JV. 
 
                                THE PROJECT 
 
The Shangri La Project is a gold-copper-silver project located 10 kilometres 
    west of Kununurra, the central town of the Northeast Kimberley region in 
    Western Australia. A polymetallic hydrothermal quartz vein type deposit, 
previous exploration at Shangri La Project has returned highly anomalous Cu, 
Pb, Zn, Au and Ag values with historical assay results including up to 5.35% 
                            Cu, 9.53% Pb, 5.15% Zn, 22g/t Au, and 522g/t Ag. 
 
With a large amount of historical work already carried out in the Shangri La 
   Project area, Goldfields and VVV will initially carry out a comprehensive 
  data search and compilation of all available data to ensure no unnecessary 
       repeat work is carried out and establish a geological database of all 
                                available data. 
 
          Once this data is compiled a more detailed exploration plan can be 
  implemented but the initial work will entail validating the geology of the 
    Shangri La Project, confirming the structural controls outlined to date, 
 confirming the true strike, width and depth of the mineralised target veins 
      and the associated Hart Dolerite host rock while identifying any other 
                             mineralised structures or targets to follow up. 
 
  Subject to having the necessary approvals to work on the ground, this work 
 would probably include verification geological mapping rather than complete 
        remapping of the tenement area, trenching and or scout drilling with 
associated analysis to potentially convert the historical exploration target 
   to a JORC compliant resource. Should sufficient data be available for the 
  historic drill holes, 1 or 2 twin drill holes may be planned to verify the 
                            grades and geology for future planning purposes. 
 
For further information on the Shangri La Project, please see www.vvvltd.com 
[1] 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
For further information, please contact: 
 
The Company 
 
Aaron Lucas + 44 (0) 7834 834 182 
 
NEX Exchange Corporate Adviser: 
 
Peterhouse Capital Limited 
Guy Miller/Mark Anwyl +44 (0) 20 7469 0936 
 
-ENDS- 
 
ISIN:          VGG9404A1030 
Category Code: MSCU 
TIDM:          VVV 
LEI Code:      213800OEUSH43X859D83 
Sequence No.:  6819 
EQS News ID:   756065 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=499cea7ee76e9973082d3689ba1c5de8&application_id=756065&site_id=vwd_london&application_name=news

(END) Dow Jones Newswires

December 10, 2018 07:46 ET (12:46 GMT)

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