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Iris Metals Limited ( (AU:IR1) ) has shared an announcement.
IRIS Metals Limited has announced a JORC 2012-compliant Mineral Resource Estimate (MRE) for its Beecher Project, indicating 2.20 million tonnes grading 1.05% Li₂O. This positions the project for near-term production, supported by fully permitted mining operations. The company plans to conduct further exploration and metallurgical testing to enhance production readiness. Additionally, significant lithium and caesium intersections were confirmed at the Tin Mountain Project, with further drilling planned to advance resource estimates. The appointment of Anthony Collins as a Non-Executive Director is expected to bolster the company’s financial and commodity market expertise.
More about Iris Metals Limited
IRIS Metals Limited is a company operating in the mining industry, focusing on the exploration and development of lithium resources. The company is engaged in projects such as the Beecher Project in South Dakota, USA, and the Tin Mountain Project, with a strategic emphasis on low-cost, high-grade operational strategies.
YTD Price Performance: -37.50%
Average Trading Volume: 155,765
Technical Sentiment Signal: Buy
Current Market Cap: A$26.71M
For an in-depth examination of IR1 stock, go to TipRanks’ Stock Analysis page.