Astute Metals Expands Lithium Prospects at Red Mountain

Astute Metals NL (ASX: ASE) is excited to report robust rock chip assay results from its 100%-owned Red Mountain Lithium Project in Nevada, USA. These findings include high-grade mineralization up to 4,150ppm Lithium, marking a significant enhancement to the project's exploration potential. Key discoveries, such as 4,150ppm Li in brown-green claystone sampled 490m north of RMRC002, 2,900ppm Li in brown claystone 990m north of RMRC002, and 2,550ppm Li in brown claystone 1.40km north of RMRC002, highlight expanding mineralization zones beyond recent discoveries. Astute continues to advance its exploration strategy, aiming to capitalize on these promising results and further unlock the value of the Red Mountain Lithium Project.

Astute collected and assayed a total of 81 samples, further enriching its knowledge of the potential mineralized zones at Red Mountain. These findings complement the initial drill results from its inaugural drilling campaign, with assays pending for eight holes. The rock chip assays are detailed alongside previous findings, including the recent revelation of a high-grade lithium discovery.

These findings indicate that the high-grade lithium horizon targeted extends further north than originally interpreted. Several high-grade samples have been identified along an approximate north-south trend spanning 1.4 km north of the northernmost drill hole, RMRC0021. Future drilling campaigns at the project will focus on testing this extended zone to further delineate and assess its potential.

Tony Leibowitz, Chairman of Astute, expressed satisfaction with the ongoing success of their exploration efforts, highlighting the latest rock chip results from the Red Mountain Project. He emphasized that these results revealed exceptional lithium grades and indicated significant expansion potential beyond their recent discoveries. Leibowitz noted that the findings, located up to 1.4km north of the previously announced discovery on June 18, underscore the project's considerable scale and promising prospects for future development. This reinforces Astute's commitment to advancing their exploration activities and maximizing the potential of the Red Mountain Project.

Tony Leibowitz, Chairman of Astute, expressed anticipation for assay results from eight drill holes covering 4.6 kilometers of initial strike tested in recent drilling. He highlighted that new rock chip findings expand the prospective horizon to over 6 kilometers, significantly increasing the area for upcoming drill tests later this year. Leibowitz emphasized the potential of the Red Mountain site, suggesting it could become a substantial lithium discovery. He emphasized the company's commitment to systematically exploring and realizing the site's full potential.

The analysis of 81 rock-chip samples at Red Mountain has unveiled significant high-grade lithium claystone mineralization within exposed and partially exposed claystone formations. A notable discovery includes a north-south trend of high-grade samples that extends the known claystone mineralization approximately 1.4 kilometers north of hole RMRC002. This expansion of the prospective horizon at Red Mountain suggests promising potential for future exploration and underscores the site's significance in the pursuit of high-grade lithium resources.