Initial Red Mountain Assays Confirm High-Grade Lithium
Venari Minerals NL (ASX:VMS)
Highlights
• Excellent initial assay results received from recently completed October drilling campaign.
• Drill-hole RMRC022 intersected a combined 161.5m of lithium mineralisation, including:
o 22.9m @ 1,510ppm Li from 36.6m;
o 7.6m @ 1,480ppm Li from 71.6m;
o 9.1m @ 1,370ppm Li from 97.5m; and
o 25.9m @ 1,400ppm Li from 149.4m
• Drill-hole RMRC023 intersected a combined 164.7m of lithium mineralisation, including:
o 30.5m @ 1,400ppm Li from 67.1m;
o 18.3m @ 1,360ppm Li from 128m;
o 6.1m @ 2,660ppm Li from 176.8m; and
o 21.3m @ 1,420ppm Li from 253m to end-of-hole
• Results firm up mineralised lenses mid-project ahead of maiden Mineral Resource Estimate.
• Assays outstanding for the remaining Red Mountain holes, expected in the coming fortnight.
Venari Minerals NL (ASX: VMS) (“Venari”, “the Company” or “VMS”) is pleased to report assay results from the first two of 13 holes completed as part of its October 2025 Reverse Circulation (RC) drilling campaign at the 100%-owned Red Mountain Lithium Project in Nevada, USA.
Congestion at US labs, driven by a boom in critical and precious metals exploration, has resulted in delays to assay results from recent drilling at the Company’s Needles Gold and Red Mountain Lithium Projects. The receipt of this first batch of results marks the beginning of a period of strong news-flow as 19 drill-holes of outstanding assays from the two projects are received over the next two to three weeks.
Drill-holes RMRC022 and RMRC023 both intersected multiple zones of strong lithium mineralisation, including a number of high-grade zones:
Hole RMRC022
• 62.5m @ 1,090ppm Li / 0.58% Lithium Carbonate Equivalent (LCE) from surface, including 22.9m @ 1,510ppm Li / 0.81% LCE from 36.6m; and
• 15.2m @ 1,070ppm Li / 0.57% LCE from 70.1m, including 7.6m @ 1,480ppm Li / 0.79% LCE from 71.6m; and
• 15.2m @ 1,070ppm Li / 0.57% LCE from 96m, including 9.1m @ 1,370ppm Li / 0.73% LCE from 97.5m; and
• 68.6m @ 1,080ppm Li / 0.57% LCE from 115.8m, including 25.9m @ 1,400ppm Li / 0.75% LCE from 149.4m
Hole RMRC023
• 10.7m @ 839ppm Li / 0.45% LCE from surface; and
• 80.8m @ 990ppm Li / 0.53% LCE from 16.8m, including 30.5m @ 1,400ppm Li / 0.74% LCE from 67.1m; and
• 18.3m @ 1,360ppm Li / 0.72% LCE from 128m; and
• 6.1m @ 2,660ppm Li / 1.42% LCE from 176.8m; and
• 48.8m @ 1,040ppm Li / 0.55% LCE from 225.6m including 21.3m @ 1,420ppm Li / 0.75% LCE from 253m to end-of-hole.
Venari Chairman, Tony Leibowitz, said:
“This is an excellent start for the flow of results from our recently completed October drilling campaign at Red Mountain. Results from the first two holes have returned wide intersections including numerous high-grade zones. These two holes in-fill the mid-project zones and provide us with increased confidence in the continuity and robustness of the deposit in the central part of the project. This puts us firmly on track to deliver a maiden Mineral Resource Estimate for Red Mountain in December, and we look forward to reporting additional results in the coming weeks.”
To read the announcement, please click here
About us:
Venari Minerals NL
Venari Minerals is a diversified ASX-listed exploration company driven to create value through discovering and developing deposits of critical and precious metals in the renowned mining jurisdiction of Nevada, with a principal focus on lithium, gold and silver.
The Company is focused on rapidly advancing its recent Red Mountain Lithium Discovery, located in the battery metals capital of the US, Nevada, and exploring for a world-class epithermal gold-silver discovery at its Needles Project, also in Nevada.
Contact details:
Matt Healy
Executive Director & CEO
[email protected]
+61 (0) 431 683 952
Nicholas Read
Media & Investor Relations
[email protected]
+61 (0) 419 929 046