VVV Resources Limited

("VVV" or the "Company")

Interim Results for the six months ended 30 June 2021

VVV Resources Limited (formerly Veni Vidi Vici Limited) announces its unaudited interim results for the six months ended 30 June 2021.

Overview

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 last six months, the Company's activities were limited solely to desk studies, due (as per above) 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 has 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 experience in the resources sector was elected as the Company's Chief Operating Officer.

A number of projects in Western Australia are currently being reviewed, and shareholders will be provided with further news on these in the year end Report.

FINANCE REVIEW

The loss for the period to 30 June 2021 was £134,000 (30 June 2020 - £ 133,000 and 31 December 2020 - £100,000 loss) which mainly related to share based payments, regulatory costs and other corporate overheads. The total revenue for the period was nil.  At 30 June 2021, the Company had cash balances of £346,000 (30 June 2020 - £ 339,000 and 31 December 2020 - £272,000).

The interim accounts to 30 June 2021 have not been reviewed by the Company's auditors.

Lester Kemp

Director

27 September 2021

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

For further information please contact:

Unaudited Condensed Company Statement of Comprehensive Income
for the six months ended 30 June 2021

Unaudited Condensed Company Statement of Financial Position
as at 30 June 2021

Unaudited Condensed Company Statement of Changes in Equity
for the six months ended 30 June 2021

Unaudited Condensed Company Statement of Cash Flows
for the six months ended 30 June 2021

Notes to the condensed interim financial statements
 

1.              General Information

Basis of preparation and accounting

The financial information has been prepared on the historical cost basis. The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Chairman's Statement. This statement also includes a summary of the Company's financial position and its cash flows.

These condensed interim financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union with the exception of International Accounting Standard ('IAS') 34 - Interim Financial Reporting. Accordingly the interim financial statements do not include all of the information or disclosures required in the annual financial statements and should be read in conjunction with the Company's 2020 annual financial statements.

2.              Earnings per share

The calculation of the basic earnings per share is based on the earnings attributable to ordinary shareholders divided by the weighted average number of shares in issue during the year. The calculation of diluted earnings per share is based on the basic earnings per share, adjusted to allow for the issue of shares and the post-tax effect of dividends and/or interest, on the assumed conversion of all dilutive options and other dilutive potential ordinary shares.

Reconciliations of the earnings and weighted average number of shares used are set out below.

3.              Events after the reporting date

There are no events after the end of the reporting date to disclose.