VVV Resources Limited Announces Interim Results for First Half of 2024

VVV Resources Limited has released its unaudited interim results for the six months ended 30 June 2024. The company's strategic targets included reviewing new mineral projects and enhancing market capitalization and liquidity.

Despite global uncertainties and conflicts, VVV Resources maintained its current investments, comprising a 100% stake in the Mitterberg Copper Project in Austria and a 51% holding of the Shangri La polymetallic project in Western Australia.

Financially, the company recorded a loss of £191,000 due to share-based payments, regulatory costs, and corporate overheads. Revenue remained at zero, and cash balances fell to £9,000 from £159,000 in June 2023.

Benjamin Hill joined the Board as a Non-Executive Director, and the company emphasized significant opportunities in under-served private and pre-IPO markets.