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Industrial Minerals Limited ( (AU:IND) ) has provided an update.
Industrial Minerals Ltd has secured a 12-month extension for its option agreement on the Pippingarra Quarry Project, now extended to October 2026. This extension follows significant progress in exploration, resource definition, and marketing activities, reinforcing the project’s commercial potential. The company is committed to a minimum additional expenditure of $200,000 during this period. The extension positions IND favorably in the growing market for high purity quartz and lithium, with the potential for a joint venture with North West Quarries Pty Ltd, highlighting the project’s technical potential and market positioning.
More about Industrial Minerals Limited
Industrial Minerals Ltd (ASX: IND) is focused on developing high-value industrial mineral resources, particularly targeting the global market for high purity quartz products used in advanced manufacturing, semiconductor, solar, and electronics industries.
Average Trading Volume: 51,054
Technical Sentiment Signal: Hold
For an in-depth examination of IND stock, go to TipRanks’ Overview page.