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Astro Resources NL ( (AU:VMS) ) has issued an announcement.
Venari Minerals reported strong progress at its Red Mountain Lithium Project in Nevada during the December 2025 quarter, completing a reverse circulation drilling campaign that delivered thick, high‑grade lithium intersections and final assay results ahead of a maiden JORC mineral resource estimate expected in early Q1 2026. Metallurgical test work significantly upgraded lithium grades and reduced waste and reagent‑consuming minerals, while securing water rights, lodging an expanded Exploration Plan of Operations, and raising capital via an oversubscribed share purchase plan and share consolidation collectively de-risk and scale the project, positioning the company for a larger exploration program and improved market access. At its Needles Gold Project, drilling returned anomalous gold-silver results indicating the need for deeper drilling, and new soil and geophysical anomalies reinforce the potential of a sizeable epithermal system, offering longer-term optionality alongside the lithium growth story.
The most recent analyst rating on (AU:VMS) stock is a Hold with a A$0.19 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 (ASX: VMS) is an Australian-listed mineral exploration company focused on battery metals and precious metals, with its key assets in Nevada, USA. The flagship Red Mountain Lithium Project targets clay-hosted lithium mineralisation in central-eastern Nevada, while the Needles Gold Project is an early-stage epithermal gold-silver exploration play. The company is positioning itself to leverage strengthening lithium markets and attract US strategic and institutional investors as it advances its projects.
Average Trading Volume: 136,152
Technical Sentiment Signal: Sell
Current Market Cap: A$21.53M
Learn more about VMS stock on TipRanks’ Stock Analysis page.