InvestSMART

Industrial Minerals Ltd (ASX:IND)

ALERT: Price-sensitive ASX Announcement for IND
Current share price for IND : $0.130 -0.02 (-13.33%)+
Announcement
Release
29 Jul 2025 5:42PM
Price at Release
$0.150
Full Release
download
Summary
The document is Industrial Minerals Ltd's Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ending 31 March 2024. During the period, the company focused on advancing its Lake MacLeod Gypsum Project, including progress in native title negotiations, environmental studies, and technical work toward a mining lease application. Industrial Minerals Ltd also continued to evaluate opportunities for potential direct shipping ore and other industrial mineral prospects. The report outlines ongoing exploration, community engagement, corporate activities, and financial information. The Appendix 5B details the company's cash flows, highlighting exploration expenditure, administrative costs, and the cash position at quarter end. No mining production occurred in the quarter, and the company remains committed to developing its gypsum assets while maintaining a strong cash balance to support its activities.
Key Points
  • Continued progress on Lake MacLeod Gypsum Project, including native title and environmental permitting.
  • Technical studies and work programs advancing mining lease application for Lake MacLeod.
  • Ongoing exploration of direct shipping ore and other industrial mineral opportunities.
  • Active community engagement and corporate social responsibility initiatives.
  • No mining production or revenue during the quarter.
  • Cash outflows mainly related to exploration and administrative costs.
  • Company maintains a strong cash balance at end of the quarter.
  • No significant changes in tenement holdings or related party payments.
  • Focus remains on development of Lake MacLeod Gypsum Project and industrial mineral prospects.
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.