Venari Minerals (ASX:VMS): Final assays, Red Mountain nears maiden resource, lithium rebounds

Venari Minerals NL (ASX:VMS) has started the new year by receiving the final assay results from its October 2025 RC drilling program at the Red Mountain Lithium Project in Nevada, marking a major milestone as work accelerates on the Project’s maiden Mineral Resource Estimate (MRE), expected within three weeks.

This comes at a time when lithium prices have more than doubled in the past five months and global banks forecast a looming supply deficit in 2026. Executive Director and CEO Matt Healy joins The Stock Network’s Lel Smits to discuss the significance of the finalised drill dataset, progress toward the maiden MRE, and what investors should watch as Red Mountain enters a catalyst-rich period.

1. Final assays confirm more high-grade lithium in the north
2. Drill dataset complete: Maiden MRE now underway
3. Lithium prices more than doubled in the past five months