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Industrial Minerals Ltd (ASX:IND)

ALERT: Price-sensitive ASX Announcement for IND
Current share price for IND : $0.130 -0.005 (-3.70%)+
Announcement
Release
30 Apr 2025 8:22AM
Price at Release
$0.135
Full Release
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Summary
Industrial Minerals Ltd (IND) provided an operations and financial review for the December 2022 quarter, outlining key progress in its exploration and development activities across multiple projects in Western Australia, most notably the Stockyard Silica Project. The company achieved significant milestones, including the completion of the Pre-Feasibility Study (PFS), environmental baseline studies, and resource upgrades. IND advanced permitting processes and continued to engage with potential offtake partners, while also expanding its project portfolio with new tenement applications. The quarterly cash flow report was included, detailing exploration expenditures and administrative costs, with sufficient cash reserves reported to fund ongoing activities. The report also summarized progress at other regional projects and reaffirmed IND’s strategic focus on high-purity silica sand and industrial mineral opportunities.
Key Points
  • Completion of Pre-Feasibility Study (PFS) for the Stockyard Silica Project.
  • Environmental baseline studies and permitting processes advanced.
  • Resource upgrade at Stockyard Silica, increasing the project's JORC-compliant resources.
  • Engagement with potential offtake partners continued.
  • New exploration tenement applications lodged, expanding IND's project portfolio.
  • Quarterly cash flow report shows ongoing investment in exploration and sufficient cash reserves.
  • Regional project updates provided, with focus on high-purity silica sand opportunities.
  • Strategic alignment remains on developing industrial mineral projects in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.