Highlights
• Second batch of excellent assay results received from October drilling campaign.
• Drill-hole RMRC019 intersected a combined 166.1m of lithium mineralisation, including:
o 29m @ 1,460ppm Li from 44.2m; and
o 10.7m @ 1,480ppm Li from 112.8m; and
o 24.4m @ 1,300ppm Li from 141.7m.
• Drill-hole RMRC020 intersected a combined 56.4m of lithium mineralisation, including:
o 24.4m @ 1,600ppm Li from 4.6m; and
o 12.2m @ 1,610ppm Li from 42.7m.
• Drill-hole RMRC024 intersected a combined 182.8m of lithium mineralisation, including: o 6.1m @ 1,330ppm Li from 74.7m; and
o 4.6m @ 1,450ppm Li from 97.5m; and
o 10.7m @ 1,090ppm Li from 167.6m; and
o 10.7m @ 1,590ppm Li from 195.1m.
• Drill-hole RMRC025 intersected a combined 115.9m of lithium mineralisation, including: o 12.2m @ 1,697ppm Li from 146.3m; and
o 10.7m @ 1,641ppm Li from 169.2m.
• Results bolster previous wide intersections of lithium in the area, with lithium mineralisation remaining open to the north, south and down dip.
• These results conclude the drill dataset for the central part of the Red Mountain Project area, paving the way for the delivery of a maiden Mineral Resource Estimation later this quarter.
Venari Minerals NL (ASX: VMS) (“Venari”, “the Company” or “VMS”) is pleased to report assay results for a further four holes of the 13-hole Reverse Circulation (RC) drilling campaign completed at the 100%-owned Red Mountain Lithium Project in Nevada, USA, in October 2025.
The latest assays include multiple thick zones of lithium mineralisation in holes RMRC019 and 020 (Figure 1) and RMRC024 and 025 (Figure 2) and build on the recently announced excellent results9 for RMRC022 and 023, demonstrating wide intersections of lithium mineralisation with internal high-grade zones in the central Red Mountain Project area.
These results, which are consistent in width and tenor with those intersected in previous drill-holes mid-project (Figure 3), mark the completion of the drill dataset in the central project area ahead of the delivery of a maiden Mineral Resource Estimate for Red Mountain, scheduled for completion and release next month. Assays for the remaining seven holes from the campaign, which focused on the northern project area, are expected in the coming week.
Venari Chairman, Tony Leibowitz, said:
“These latest outstanding results from the October drilling campaign have further reinforced the exceptional potential of the Red Mountain Project, returning broad lithium intercepts with multiple highgrade zones. These holes complete the drilling data for the central project area, with momentum now building towards the delivery of a maiden Mineral Resource Estimate for Red Mountain in December. We also look forward to reporting further assay results from the northern zone of the Project later in the month.”
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