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An announcement from Iris Metals Limited ( (AU:IR1) ) is now available.
IRIS Metals Limited has announced significant progress in its Phase I diamond drilling program at the Edison Project in South Dakota, confirming high-grade lithium mineralization in spodumene-bearing pegmatites. The results indicate potential for deeper mineralization, which could expand current resource estimates. The company is advancing its ‘Hub & Spoke’ production model and plans to update its Mineral Resource Estimate in early 2026. These developments are expected to strengthen IRIS’s position in the lithium market and support its goal of developing a centralized processing facility to optimize costs and accelerate development across its portfolio.
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 across South Dakota, USA, and aims to establish a domestic supply of lithium to capitalize on the U.S. government’s support for critical minerals.
Average Trading Volume: 159,822
Technical Sentiment Signal: Sell
Current Market Cap: A$24.04M
See more insights into IR1 stock on TipRanks’ Stock Analysis page.