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Venari Minerals NL (ASX:VMS)
ALERT: Price-sensitive ASX Announcement for VMS
Current share price for VMS : $0.085 -0.035 (-29.17%)+
Announcement
Release
11 Dec 2025 9:52AM
Price at Release
$0.120
Full Release
Summary
Venari Minerals NL has confirmed high-grade lithium mineralisation in the northern area of its Red Mountain Lithium Project in Nevada, USA, based on assay results from a 13-hole Reverse Circulation drilling campaign completed in October 2025. Key intersections include significant lithium grades, which support the project's advancement towards a maiden Mineral Resource Estimate (MRE). The results are consistent with previous findings, providing confidence in the sampling methods used. Final assay results for the remaining holes are anticipated shortly, marking a significant step towards the delivery of the MRE for the project.
Key Points
- High-grade lithium mineralisation confirmed at Red Mountain North.
- Venari Minerals NL is advancing towards a maiden Mineral Resource Estimate.
- Drilling campaign at Red Mountain revealed lithium grades in excess of 2,000ppm.
- RC drilling provides confidence in the representative nature of the sampling method.
- Final assay results expected soon for outstanding drill holes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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