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Venari Minerals NL (ASX:VMS)

ALERT: Price-sensitive ASX Announcement for VMS
Current share price for VMS : $0.085 -0.115 (-57.50%)+
Announcement
Release
27 Jan 2026 9:40AM
Price at Release
$0.200
Full Release
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Summary
Venari Minerals NL has reported promising results from recent metallurgical test-work at their Red Mountain Lithium Project in Nevada, USA. By incorporating a pre-soaking step prior to attrition scrubbing, the company achieved a 46.2% increase in lithium grade and improved lithium recovery to 66.8%. Significant mass reduction and reduced calcite content were also observed. The project benefits from the expertise of Pitch Black Group, an engineering consultancy, to optimize the lithium processing flow-sheet. A Maiden Mineral Resource Estimate is expected to be completed by early February 2026, with ongoing lithium carbonate test-work slated for completion by the end of February.
Key Points
  • Venari Minerals NL (ASX: VMS) reports further positive metallurgical test-work results from Red Mountain Project in Nevada, USA.
  • A pre-soaking step in the test-work improved lithium upgrade by 46.2% from 2,600ppm to 3,800ppm Li in <20µm product.
  • The test achieved a 54.6% mass reduction and reduced calcite content by 14.9%.
  • Lithium recovery improved to 66.8% compared to previous 59.6% without pre-soaking.
  • Pitch Black Group, a consultancy with expertise in lithium processing, is advising on metallurgical test-work and flow-sheet development.
  • Maiden Mineral Resource Estimate is on track for early February 2026 release.
  • Lithium carbonate test-work is ongoing and expected to complete by the end of February 2026.
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.