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Astro Resources NL ( (AU:VMS) ) just unveiled an announcement.
Venari Minerals has received the final assay results from its October 2025 reverse circulation drilling campaign at the Red Mountain Lithium Project in Nevada, confirming multiple high-grade lithium intersections over more than 1km of strike in the project’s northern area. With the drill-hole dataset now complete, the company has begun work on a maiden Mineral Resource Estimate, which it expects to release within three weeks, positioning Red Mountain as one of the largest emerging lithium projects in North America at a time of rebounding lithium prices and forecast supply deficits that could enhance the project’s strategic and commercial appeal.
The most recent analyst rating on (AU:VMS) stock is a Hold with a A$0.16 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 ASX-listed resources company focused on lithium exploration and development, with its flagship 100%-owned Red Mountain Lithium Project located in Nevada, USA. The company is targeting large-scale, strategically significant lithium resources in North America amid growing demand for critical minerals from the battery and electric vehicle supply chains.
Average Trading Volume: 133,409
Technical Sentiment Signal: Sell
Current Market Cap: A$15.61M
For a thorough assessment of VMS stock, go to TipRanks’ Stock Analysis page.