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Iris Metals Limited ( (AU:IR1) ) just unveiled an update.
IRIS Metals Limited has successfully completed its 2024 drilling program at the Beecher Project in South Dakota, with promising results from 56 diamond drill core holes totaling 7,925 meters. The company plans to deliver the maiden mineral resource for Beecher in early 2025. The metallurgical testing at Beecher yielded a high-purity spodumene concentrate, demonstrating efficient lithium recovery and setting a strong standard below industry specifications. Additionally, IRIS Metals has achieved battery-grade lithium conversion in partnership with ReElement Technologies, highlighting a fully US-based production process. The company also secured $8 million through a share placement, indicating strong financial backing.
More about Iris Metals Limited
IRIS Metals Limited is a company operating in the mining sector, focusing on exploration and development of mineral projects. The company primarily deals with lithium and aims to advance its lithium projects in the United States, with a goal of contributing to the growing demand for lithium in battery production.
YTD Price Performance: 12.50%
Average Trading Volume: 177,639
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$45.02M
For an in-depth examination of IR1 stock, go to TipRanks’ Stock Analysis page.
