Venari Minerals Confirms High-Grade Lithium at Red Mountain Ahead of Maiden Resource

Strong Lithium Grades Confirmed in Northern Red Mountain

Venari Minerals NL (ASX, VMS) has released encouraging assay results from its recent drilling campaign at the Red Mountain Lithium Project in Nevada, USA. The October 2025 Reverse Circulation (RC) drilling program has delivered broad zones of lithium mineralisation with grades reaching as high as 3,550 parts per million (ppm) lithium, reinforcing the project's potential as a significant lithium resource.

Drill-hole RMRC014, a twin to a previously drilled diamond hole, intersected 89.9 meters averaging 1,380ppm lithium, including an 18.3-meter section grading 2,530ppm lithium. Similarly, RMRC015 revealed a combined 91.4 meters of mineralisation with an estimated true width of 75 meters, featuring a high-grade interval of 6.1 meters at 3,550ppm lithium. These results not only confirm the presence of high-grade lithium but also validate the reliability of the RC sampling method employed.

Advancing Toward Maiden Mineral Resource Estimate

These latest assays add to a growing body of evidence supporting the quality and continuity of lithium mineralisation at Red Mountain. With four assay results still pending, expected within the next fortnight, Venari is poised to compile these findings into its maiden Mineral Resource Estimate (MRE). This milestone will be critical in defining the project's economic potential and guiding subsequent technical studies.

Venari's Chairman, Tony Leibowitz, highlighted the significance of the results, noting the extensive mineralised intercepts and internal high-grade zones. He emphasized that the forthcoming resource estimate will mark a pivotal moment for the company, setting the stage for further development and exploration activities.

Geological Context and Project Outlook

Located in central-eastern Nevada, the Red Mountain Project lies within a geological setting known for hosting substantial lithium deposits, such as Lithium Americas’ Thacker Pass and American Battery Technology Corporation’s Tonopah Flats. The lithium mineralisation is hosted within tertiary lacustrine sediments, with preliminary metallurgical testwork indicating high lithium leachability and promising beneficiation potential.

While one drill hole (RMRC012) intersected no significant lithium, this is interpreted as a local pinch-out of the mineralised lens rather than a broader absence of mineralisation. Overall, the drilling results continue to demonstrate the project's robust lithium endowment and support Venari's strategy to advance Red Mountain through resource definition and technical evaluation.