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Astro Resources NL ( (AU:VMS) ) has issued an update.
Venari Minerals NL has reported promising assay results from its October 2025 drilling campaign at the Red Mountain Lithium Project in Nevada. The initial results from two drill holes, RMRC022 and RMRC023, indicate substantial lithium mineralization, including high-grade zones, which enhance the company’s confidence in the project’s potential. These findings are expected to contribute to a maiden Mineral Resource Estimate for Red Mountain by December. The results also mark the beginning of a period of increased news flow as additional assay results are anticipated in the coming weeks, potentially impacting the company’s operational strategy and market positioning.
More about Astro Resources NL
Venari Minerals NL is a company focused on the exploration and development of critical and precious metals, with a particular emphasis on lithium and gold projects. The company operates primarily in the United States, with significant interests in the Red Mountain Lithium Project in Nevada and the Needles Gold Project.
Average Trading Volume: 1,681,365
Technical Sentiment Signal: Sell
Current Market Cap: A$17.97M
For an in-depth examination of VMS stock, go to TipRanks’ Overview page.