Astute Metals NL (ASX:ASE) Reports New Lithium Findings at Red Mountain Project
Geological Mapping Results
Astute Metals completed detailed geological mapping at the 100%-owned Red Mountain Lithium Project, identifying two priority clay-rich and lithium-hosting rock units.
Rock Chip Sampling
Additional rock chip sampling in ‘Unit J’ revealed a broad zone of mineralisation with lithium grades up to 2,100ppm Li, indicating excellent high-grade potential.
Future Exploration Plans
The company plans to establish a JORC compliant Exploration Target and conduct a maiden Mineral Resource Estimate in the second half of 2025, with drilling set to commence in the 2025 field season.
Executive Comments
Chairman Tony Leibowitz stated, “With the advice of expert independent consultants, we are continuing to systematically progress the Red Mountain Project. The identification of a new high-grade lithium-bearing unit increases the project’s potential, while the enhanced geological understanding allows the calculation of an Exploration Target, as well as contributes to de-risking of the upcoming drilling campaign, paving the way for a maiden Mineral Resource Estimate in the second half of 2025.”
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