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Astro Resources NL ( (AU:VMS) ) has provided an announcement.
Venari Minerals NL has commenced a Reverse Circulation (RC) drilling campaign at its Red Mountain Lithium Project in Nevada, aiming to deliver a maiden Mineral Resource Estimate by year-end. The project has shown promising lithium mineralization, and soil sampling has identified significant lithium-in-soil anomalies. Concurrently, the Needles Gold Project has confirmed a significant gold-silver discovery opportunity, with high-grade assays and additional drill targets expected from soil sampling results. The company has also raised $5.5 million through a share placement to fund its exploration activities, reflecting its strategic focus on growth and resource development.
More about Astro Resources NL
Venari Minerals NL, formerly known as Astute Metals NL, operates in the mining industry with a focus on discovering and developing mineral resources. The company is engaged in lithium and gold exploration projects, particularly the Red Mountain Lithium Project and the Needles Gold Project in Nevada, USA. Venari aims to aggressively pursue new discoveries and acquire high-quality growth assets.
Average Trading Volume: 2,359,182
Technical Sentiment Signal: Sell
Current Market Cap: A$17.97M
See more data about VMS stock on TipRanks’ Stock Analysis page.