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The latest announcement is out from Astro Resources NL ( (AU:VMS) ).
Venari Minerals NL has reported further positive metallurgical test-work from its Red Mountain Lithium Project in Nevada, showing improved beneficiation performance after introducing a pre-soaking step before attrition scrubbing. The latest program increased lithium grades in the fine fraction by 46.2% to 3,800ppm, boosted lithium recovery to 66.8%, and reduced calcite content, building on earlier strong results from lower-grade material and reinforcing the scalability of the processing approach. To advance the project, Venari has engaged specialist consultancy Pitch Black Group to independently review the metallurgical program, assess alternative, non-sulphuric acid leach technologies and develop a scoping-level processing flowsheet, while a maiden mineral resource estimate and lithium carbonate test-work remain on track for release in the coming weeks. These steps mark a significant move towards defining a viable processing pathway and strengthening Red Mountain’s position among Nevada’s emerging sedimentary lithium projects, with implications for Venari’s future development strategy and its standing in the North American lithium supply chain.
The most recent analyst rating on (AU:VMS) stock is a Sell with a A$0.17 price target. To see the full list of analyst forecasts on Astro Resources NL stock, see the AU:VMS Stock Forecast page.
More about Astro Resources NL
Venari Minerals NL is an Australia-listed exploration company focused on lithium development, with its flagship Red Mountain Lithium Project located in Nevada, USA. The project targets lithium-bearing tertiary lacustrine sedimentary rocks similar to those hosting major deposits such as Thacker Pass and Tonopah Flats, and benefits from nearby road, power and water infrastructure to support potential future development.
Average Trading Volume: 136,614
Technical Sentiment Signal: Sell
Current Market Cap: A$21.53M
See more insights into VMS stock on TipRanks’ Stock Analysis page.