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Iris Metals Limited ( (AU:IR1) ) has shared an update.
IRIS Metals Limited has completed its Phase I diamond drilling program at the Edison Project in South Dakota, revealing high-grade lithium intersections within spodumene-bearing pegmatites. The results indicate significant resource potential and opportunities for deeper mineralization, supporting the company’s ‘hub and spoke’ development strategy. The successful drilling campaign underscores the district-scale potential of IRIS’s portfolio, positioning the company to capitalize on the increasing demand for critical minerals in the U.S. market.
More about Iris Metals Limited
IRIS Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in the extraction of lithium, a critical mineral, through its projects in South Dakota, USA. IRIS Metals is advancing its ‘hub and spoke’ development strategy to meet the growing demand for critical minerals in the United States.
Average Trading Volume: 507,322
Technical Sentiment Signal: Sell
Current Market Cap: A$20.6M
See more data about IR1 stock on TipRanks’ Stock Analysis page.