Venari Minerals Red Mountain Lithium Results Deliver Exceptional Grades

Venari Minerals Delivers Record-Breaking Lithium Results at Red Mountain Project

Venari Minerals (ASX: VMS) has announced exceptional drilling results from its Red Mountain lithium project in Nevada, USA, with drill-hole RMRC013 returning the highest-grade lithium intersection to date. Furthermore, these Venari Minerals Red Mountain lithium results showcase a combined 109.7 metres of lithium mineralisation with an estimated true width of 87.8 metres, significantly strengthening the project's high-grade northern zone.

The standout intersection includes 77.7 metres at 2,440ppm lithium from 76.2 metres depth, featuring an exceptional 24.4-metre zone grading 4,270ppm lithium. This marks the project's highest-grade core to date and positions Red Mountain as a potential tier-one lithium discovery.

These results build upon previous high-grade intersections and extend the drill-defined mineralisation to approximately 150 metres below surface. In addition, the strategic positioning demonstrates the growing potential of Nevada's claystone-hosted lithium deposits.

Record-Breaking Drill Results Expand High-Grade Core

The RMRC013 drill-hole was strategically positioned to test for mineralisation down-dip from the previously announced high-grade hole RMDD003. That hole intersected 32.4 metres at 3,260ppm lithium, establishing the foundation for this latest success.

The strategy proved highly successful, with RMRC013 delivering multiple high-grade zones according to the company announcement. However, the results exceeded even optimistic expectations for these Venari Minerals Red Mountain lithium results.

Primary Intersections:

• 10.7m at 1,690ppm Li (0.90% LCE) from 57.9m depth
• 77.7m at 2,440ppm Li (1.3% LCE) from 76.2m depth
• 21.3m at 966ppm Li (0.51% LCE) from 170.7m depth

High-Grade Zones Within:

• 24.4m at 4,270ppm Li (2.27% LCE) from 97.5m depth
• 7.6m at 3,080ppm Li (1.64% LCE) from 132.6m depth
• 4.6m at 2,610ppm Li (1.39% LCE) from 59.4m depth

The hole intersected 12 individual 1.5-metre samples grading above 4,000ppm lithium. This demonstrates the consistent high-grade nature of the northern zone mineralisation within these significant results.

What Are Claystone-Hosted Lithium Deposits?

Claystone-hosted lithium deposits represent one of the most promising new sources of lithium for the growing battery market. These deposits form when lithium-bearing volcanic glass within ancient lake sediments weathers over millions of years.

The process begins when lithium-rich volcanic ash settles in ancient lake environments. Over geological time, the volcanic glass breaks down through chemical weathering, releasing lithium which becomes trapped in specific clay minerals. Consequently, this creates substantial concentrations of lithium that can be economically extracted.

Why This Matters for Investors

Unlike traditional hard-rock lithium deposits that require energy-intensive processing, claystone deposits often demonstrate excellent leachability characteristics. Moreover, Red Mountain's previous metallurgical testing shows lithium recovery rates up to 98%, indicating potential for lower processing costs.

The Nevada region hosts several major claystone lithium projects, including Lithium Americas' 62.1 million tonne LCE Thacker Pass Project. Additionally, American Battery Technology Corporation's 15.8 million tonne LCE Tonopah Flats deposit validates the geological model across the region.

"Claystone-hosted deposits typically offer superior metallurgical characteristics compared to hard-rock alternatives, with Red Mountain's beneficiation test work successfully upgrading mineralisation to 4,480ppm lithium clay concentrate."

Advancing Toward Maiden Resource Estimate

With assay results still outstanding for three additional holes from the October drilling campaign, Venari expects to complete its comprehensive dataset. Furthermore, the company has scheduled delivery of its maiden Mineral Resource Estimate (MRE) for Q1 2026.

This represents a crucial milestone that will quantify the scale and grade of the Red Mountain discovery. However, investors should note the significance of these Venari Minerals Red Mountain lithium results in building toward this estimate.

Upcoming Catalysts:

• Final three drill-hole assay results (expected within two weeks)
• Maiden Mineral Resource Estimate (Q1 2026)
• Continued metallurgical optimisation studies
• Potential resource expansion drilling

The 13-hole October drilling campaign has been highly successful, with almost every hole intersecting significant lithium mineralisation. In total, the project's 3,336 metres of total drilling completed to date demonstrates consistent mineralisation across multiple drill campaigns since August 2023.

"The results from hole RMRC013 are quite exceptional and show the Tier-1 scale and quality of the Red Mountain Project. Against the backdrop of rapidly improving sentiment in the lithium market, we are looking forward to achieving this milestone and illustrating the enormous value in this project to our shareholders," commented Chairman Tony Leibowitz.

Strong Investment Thesis Supported by Nevada Lithium District

Red Mountain's location in central-eastern Nevada positions the project within one of North America's most prospective lithium districts. The project benefits from established infrastructure, including proximity to the Grand Army of the Republic Highway (Route 6).

Additionally, it sits within the same geological formation that hosts major lithium deposits across Nevada. This strategic positioning enhances the value proposition for these Venari Minerals Red Mountain lithium results.

Key Investment Highlights:

• 100% ownership of the Red Mountain project through subsidiary Needles Holdings Inc.
• Exceptional metallurgy with up to 98% lithium leachability demonstrated
• Strategic Nevada location in proven lithium district
• High-grade resource potential with multiple zones of +4,000ppm lithium
• Clear development pathway toward resource definition and technical studies

The project's claystone-hosted mineralisation style aligns with proven Nevada deposits. Furthermore, the beneficiation test work has successfully upgraded mineralisation to 4,480ppm lithium clay concentrate, potentially improving future processing economics.

Why Investors Should Monitor Venari Minerals

Venari Minerals has systematically built a compelling lithium discovery at Red Mountain through three successful drilling campaigns since staking the project in August 2023. The latest results demonstrate the project's potential to host a significant, high-grade lithium resource.

Investment Tracking Points:

• Tier-one scale potential with consistent high-grade intersections across multiple drill campaigns
• Nevada jurisdiction advantage with established mining infrastructure and supportive regulatory environment
• Strong technical team with proven track record in lithium exploration and development
• Clear value catalysts including imminent resource estimate and ongoing metallurgical optimisation
• Improving lithium market sentiment supporting project development economics

Project Development Timeline

With the maiden resource estimate scheduled for Q1 2026 and final drill results imminent, Venari is positioned to demonstrate the full scale and quality of the Red Mountain discovery. The combination of high-grade mineralisation, excellent metallurgical characteristics, and strategic Nevada location creates a compelling investment proposition.

For instance, investors seeking exposure to North American lithium development should consider the consistency of these Venari Minerals Red Mountain lithium results across multiple drilling campaigns. This suggests the potential for a substantial resource base moving forward.

The project's claystone-hosted deposit style mirrors successful Nevada lithium operations. Meanwhile, the exceptional metallurgical characteristics could translate to superior project economics compared to conventional hard-rock lithium developments.

"Venari Minerals has established Red Mountain as a potential tier-one lithium discovery in Nevada's premier lithium district. With record-breaking drill results and a maiden resource estimate approaching, investors should monitor VMS closely as the company advances toward quantifying one of the highest-grade claystone lithium discoveries in North America."

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