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The latest update is out from Astro Resources NL ( (AU:VMS) ).
Venari Minerals has delivered a maiden JORC Inferred Mineral Resource Estimate for its Red Mountain Lithium Project in Nevada, outlining 500 million tonnes at 1,139ppm lithium for 3.03 million tonnes of contained lithium carbonate equivalent. The resource, split between the Red Mountain North and Central areas, positions the company among the larger lithium explorers on the ASX and remains open along strike and at depth, indicating strong potential for further growth.
Recent drilling from the October 2025 campaign returned additional high-grade lithium intersections over more than one kilometre of strike in the project’s northern area, reinforcing the scale and continuity of mineralisation. Metallurgical test work has also shown improved beneficiation results through pre-soaking, delivering higher lithium grades, better recoveries and reduced gangue content, while a small share buyback of unmarketable parcels has streamlined the company’s register and cut compliance costs.
More about Astro Resources NL
Venari Minerals NL is an ASX-listed exploration company focused on lithium, with its flagship Red Mountain Lithium Project located in central-eastern Nevada, USA. The project comprises hundreds of unpatented lode mining claims over 33 square kilometres in a well-serviced region, with nearby highway access, high-voltage transmission infrastructure and secured water rights supporting potential future development.
Average Trading Volume: 138,454
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$15.07M
See more insights into VMS stock on TipRanks’ Stock Analysis page.