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The latest update is out from Astro Resources NL ( (AU:ASE) ).
Astute Metals NL has reported positive results from its latest beneficiation testwork at the Red Mountain Lithium Project in Nevada, USA. The testwork successfully upgraded lithium concentration from 3,245ppm to 4,481ppm, with a 51.8% reduction in sample mass and a 38% increase in lithium grade. These results indicate a strong potential for commercial development, as they suggest reduced processing costs and acid consumption. The company is also conducting Attrition Scrubbing testwork to compare with the Falcon method, aiming to further optimize the beneficiation process. This advancement reinforces the project’s viability as a significant US-based critical metals resource, aligning with Astute’s strategy to systematically de-risk and develop the project.
More about Astro Resources NL
Astute Metals NL is an Australian company operating in the mining industry, focusing on the exploration and development of critical metals, particularly lithium. The company is engaged in the Red Mountain Lithium Project in Nevada, USA, which is known for its lithium-rich clay deposits.
Average Trading Volume: 342,882
Technical Sentiment Signal: Sell
Current Market Cap: A$13.6M
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