Astute Metals NL (ASX:ASE) Reports Exceptional Lithium Results
Key Findings from Red Mountain Project
Astute Metals NL (ASX: ASE) has announced significant results from its diamond drilling campaign at the Red Mountain Lithium Project in Nevada. Drill-hole RMDD002 has delivered an outstanding intersection of 86.9 metres at 1,470ppm lithium from 18.3 metres, including a remarkable 32.1 metres of high-grade mineralisation averaging 2,050ppm lithium.
This result represents the thickest intercept recorded to date at Red Mountain and marks a critical advancement in the project’s growing lithium resource. The mineralisation extends 375 metres further north from previous intersections, indicating the potential for further exploration and resource definition.
Future Development Plans
The company is in the process of finalising geological mapping and is planning the next round of drilling, set to commence in the 2025 field season. The robust results from this drill-hole are expected to further enrich the foundation for a maiden Mineral Resource Estimate set for release in 2025.
Astute’s Chairman, Tony Leibowitz, stated, “Like all great discoveries, Red Mountain continues to grow and improve the more we drill. The manifest scale and high tenor of mineralisation are testament to Red Mountain being one of the most important recent US lithium discoveries. This drill hole is the latest in a succession of thirteen, all of which intersected strong lithium mineralisation.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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