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Industrial Minerals Limited ( (AU:IND) ) just unveiled an update.
Industrial Minerals Ltd has completed Stage 2 testing on a two-tonne pegmatite sample from its Pippingarra Pegmatite Project, showing promising preliminary results. The company is exploring the implementation of on-site ore-sorting technology to enhance production efficiency and has identified potential for feldspar and mica recovery as valuable co-products. This development has generated significant market interest, with bulk samples being prepared for potential HPQ consumers in Japan, South Korea, and Taiwan. The company is also conducting a comprehensive HPQ beneficiation test program in China, in partnership with NHICCL, to further refine its processes and meet industry standards.
More about Industrial Minerals Limited
Industrial Minerals Ltd (IND) is engaged in the development of high-value industrial mineral resources, focusing on high purity quartz (HPQ) products. These products are essential for advanced manufacturing, semiconductor, solar, and electronics industries. The company’s flagship project, Pippingarra, aims to tap into the growing global demand for HPQ.
YTD Price Performance: -9.38%
Average Trading Volume: 67,168
Technical Sentiment Signal: Buy
Learn more about IND stock on TipRanks’ Stock Analysis page.