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VVV Resources Limited: Unaudited Preliminary Results for the year ended 31 December 2021

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VVV Resources Limited · VVV

30/06/2022 17:46

VVV Resources Limited: Unaudited Preliminary Results for the year ended 31 December 2021 DGAP

VVV Resources Limited (VVV)
VVV Resources Limited: Unaudited Preliminary Results for the year ended 31 December 2021

30-Jun-2022 / 17:46 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.


VVV Resources Limited


("VVV” or the “Company”)


Unaudited Preliminary Results for the year ended 31 December 2021


VVV Resources Limited (formerly Veni Vidi Vici Limited) announces its unaudited preliminary results for the year end ended 31 December 2021.


The information set out below has been extracted from the Company’s draft report and accounts for the year ended 31 December 2021 and has not been audited. A further announcement will be released by the Company on completion of the audit, expected shortly, and any material changes between the financial information set out below and the audited financial information will be disclosed in that announcement.




On 30th June 2021 the Company was renamed VVV Resources Limited.


Due to strict COVID-19 restrictions in Australia, the Company advises that it has completed limited physical work on its Shangri La Project.


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.


During the first six months, the Company’s activities were limited solely to desk studies, due (as per above) due to the tight COVID-19 travel restrictions imposed in Australia. Since the end of June 2021, the restrictions have however, been eased and the Company commissioned an independent Geologist based out of Perth to carry out a site visit to collect samples from the project area.


Furthermore, the Company reported in June 2021 that Donald Strang resigned as a Director of the Company and Lester Kemp, a Geologist with over 25 years of experience in the resources sector, was elected as the Company’s Chief Operating Officer and later made a Non-Executive Director in 2022.


A number of projects in Western Australia are currently being reviewed, and shareholders will be provided with further news in due course.



The loss for the year was £431,000 (2020: loss of £100,000) which mainly related to regulatory costs and other corporate overheads. The total revenue for the period was nil.  As at 31 December 2021, the Company had cash balances of £87,000 (2020: £272,000).


The accounts to 31 December 2021 have not been fully reviewed by the Company’s auditors.


Mahesh Pulandaran

Managing Director

30 June 2022


The directors of the Company accept responsibility for the contents of this announcement.


For further information please contact:


The Company

David Rigoll



+44 (0) 7881 778888


AQSE Growth Market Corporate Adviser:

Peterhouse Capital Limited

Guy Miller/Mark Anwyl


+44 (0) 20 7469 0936



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Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.


ISIN: VGG9470B1004
Category Code: MSCM
LEI Code: 213800OEUSH43X859D83
Sequence No.: 171899
EQS News ID: 1388337

End of Announcement EQS News Service


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