Red Mountain is Venari's 100%-owned, royalty-free flagship covering 407 unpatented lode claims and about 33 square kilometres in Nye County. Its maiden JORC 2012 Inferred resource totals 500 Mt at 1,139 ppm lithium for 3.03 Mt LCE at a 700 ppm cut-off, including higher-grade northern mineralisation. Test work has produced 99.5% lithium carbonate, the BLM has approved a 12-hole infill and extensional programme, and Venari plans resource upgrades, by-product studies and a first Scoping Study in Q1 2027. Strontium and magnesium are potential by-products under evaluation, but no compliant resource has yet been reported for either.
- Country
- United States
- Commodity
- Li
- Stage
- Exploration