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The latest update is out from Industrial Minerals Limited ( (AU:IND) ).
Industrial Minerals Ltd has reported a maiden JORC Inferred Mineral Resource estimate of 6.2 million tonnes at 98% SiO₂ at its Pippingarra Quarry Project in Western Australia, supported by successful high purity quartz beneficiation and mineral-sorting testwork that underscores the deposit’s commercial potential and supply security for prospective offtake partners. With a substantial exploration target beyond the defined resource and an option to acquire 80% of the non‑construction mineral rights at the well‑located, infrastructure‑connected quarry near Port Hedland, the company plans in 2026 to undertake detailed resource modelling, expansion drilling and multi‑product processing trials for quartz, feldspar and mica, alongside stepped‑up global and Asia-Pacific marketing to secure long-term offtake and strengthen its positioning in semiconductor and solar supply chains.
The most recent analyst rating on (AU:IND) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Industrial Minerals Limited stock, see the AU:IND Stock Forecast page.
More about Industrial Minerals Limited
Industrial Minerals Ltd (IND) is an Australian-listed company focused on developing high‑value industrial mineral resources, with a flagship position at the Pippingarra Project in Western Australia. The company targets the growing global market for high purity quartz products used in advanced manufacturing, semiconductors, solar and electronics, and is also assessing additional value streams from associated feldspar and mica mineralisation.
Average Trading Volume: 66,004
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.64M
See more insights into IND stock on TipRanks’ Stock Analysis page.