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Astro Resources NL ( (AU:ASE) ) has issued an update.
Astute Metals NL has announced significant results from its Red Mountain Lithium Project in Nevada, USA, with drill-hole RMDD003 revealing the highest-grade lithium intersection to date. The mineralisation extends over a 5.6 km strike length, indicating a substantial lithium discovery in North America. The results suggest the potential for a major lithium resource, with further assays pending from additional drill holes. This development positions Astute Metals NL to advance towards a maiden JORC Mineral Resource Estimate, enhancing its standing in the lithium market.
More about Astro Resources NL
Astute Metals NL is a company operating in the mining industry, focusing on the exploration and development of lithium resources. The company is primarily engaged in the Red Mountain Lithium Project located in Nevada, USA, which aims to tap into the growing demand for lithium, a critical component in battery technology.
Average Trading Volume: 299,132
Technical Sentiment Signal: Sell
Current Market Cap: A$15.45M
For detailed information about ASE stock, go to TipRanks’ Stock Analysis page.