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The latest announcement is out from Astro Resources NL ( (AU:ASE) ).
Astute Metals NL has announced an initial JORC-compliant Exploration Target for its Red Mountain Lithium Project in Nevada, USA, estimating a potential range from 1,136Mt to 1,515Mt at an average grade of 785 to 1,328ppm Li. Two key areas, Target A and Target B, have been identified, with plans for extensive drilling and exploration in 2025, aiming for a maiden Mineral Resource Estimate by Q4. The project’s strategic location in a Tier-1 mining area and the current U.S. administration’s support for domestic critical minerals projects enhance its significance, offering substantial potential value for stakeholders.
More about Astro Resources NL
Astute Metals NL is an exploration-focused company operating in the mining industry, with a focus on lithium deposits. The company owns the Red Mountain Lithium Project located in Nevada, USA, and is involved in exploration activities to uncover lithium resources in this critical mining jurisdiction.
YTD Price Performance: -3.33%
Average Trading Volume: 464,890
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$17.03M
Learn more about ASE stock on TipRanks’ Stock Analysis page.
