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Venari Minerals NL (ASX:VMS)

ALERT: Price-sensitive ASX Announcement for VMS
Current share price for VMS : $0.090 -0.075 (-45.45%)+
Release
16 Dec 2025 8:19AM
Price at Release
$0.165
Full Release
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Summary
Venari Minerals NL has announced the highest-grade lithium intersection to date at its Red Mountain project in Nevada. The project is located in an area known for significant lithium deposits and consists of tertiary lacustrine sedimentary rocks. The recent drilling campaigns have been successful, revealing substantial lithium mineralization. Leachability tests have shown high lithium recovery rates, indicating potential for upgrading the mineral resources. The company plans to further explore the site with the aim of advancing towards a maiden Mineral Resource Estimate. These developments underscore the project's significance in the growing lithium market.
Key Points
  • Highest-grade lithium intersection at Red Mountain project.
  • Project located in central-eastern Nevada, known for lithium deposits.
  • Significant lithium mineralization found in recent drilling campaigns.
  • Leachability tests indicate high lithium recovery potential.
  • Plans for a maiden Mineral Resource Estimate later this year.
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.