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An update from Industrial Minerals Limited ( (AU:IND) ) is now available.
Industrial Minerals Limited has made significant progress in the advancement of its High Purity Quartz (HPQ) projects at Pippingarra and Mukinbudin during the December 2024 quarter, supported by recent funding initiatives. The company is conducting ongoing metallurgical testwork and marketing efforts, including sending samples to China for evaluation as potential high-purity quartz products. Preliminary feedback from these tests is encouraging, signaling potential market opportunities, though further validation is needed. This progress, coupled with strong shareholder support, positions the company well in the HPQ sector, with plans for further updates in the coming months.
More about Industrial Minerals Limited
Industrial Minerals Limited (ASX: IND) operates in the high-purity quartz materials sector with a focus on advancing its Pippingarra and Mukinbudin projects. The company aims to establish itself as a key supplier in the industry, leveraging its network and expertise to explore collaboration opportunities in major quartz production centers such as Lianyungang, China.
YTD Price Performance: -28.12%
Average Trading Volume: 86,067
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of IND stock, go to TipRanks’ Stock Analysis page.
