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Astro Resources NL ( (AU:ASE) ) has issued an announcement.
Astute Metals NL has completed detailed geological mapping and rock chip sampling at the Red Mountain Lithium Project, revealing a new zone of lithium-bearing, clay-rich rocks with concentrations up to 2,100ppm. The newly identified Unit J, characterized by its claystone and siltstone composition, shows excellent exploration potential, while Unit O, with its continuous extent, will form the basis for an upcoming exploration target. These findings enhance the project’s potential, de-risk future drilling campaigns, and support the development of a Maiden Mineral Resource Estimate by the second half of 2025.
More about Astro Resources NL
Astute Metals NL operates in the mineral exploration industry and focuses primarily on lithium exploration and development. The company has a significant interest in the Red Mountain Lithium Project in Nevada, USA, where it seeks to identify and develop lithium-bearing resources.
YTD Price Performance: 14.29%
Average Trading Volume: 313,822
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$17.1M
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