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An announcement from Astro Resources NL ( (AU:VMS) ) is now available.
Venari Minerals has announced a maiden Inferred Mineral Resource Estimate for its Red Mountain Lithium Project in Nevada of 500 million tonnes at 1,139ppm lithium, equating to 3.03 million tonnes of lithium carbonate equivalent, immediately positioning the asset among the most significant new lithium resources in North America. With mineralisation outcropping at surface, remaining open at depth and along strike, and supported by nearby infrastructure and secured water rights, the project gives Venari one of the larger exploration-phase lithium inventories on the ASX and a strong platform for further resource growth and development studies as lithium prices rebound and US policy momentum strengthens around domestic critical minerals supply.
The most recent analyst rating on (AU:VMS) stock is a Hold with a A$0.26 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 lithium exploration company focused on its 100%-owned Red Mountain Lithium Project in Nevada, USA. Operating within a Tier-1 mining jurisdiction with strong infrastructure and policy support for critical minerals, the company targets large-scale sedimentary lithium deposits to supply Western battery and electric-vehicle supply chains.
Average Trading Volume: 148,719
Technical Sentiment Signal: Buy
Current Market Cap: A$26.91M
Find detailed analytics on VMS stock on TipRanks’ Stock Analysis page.