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Iris Metals Limited ( (AU:IR1) ) has shared an announcement.
Iris Metals has identified a significant high-grade rubidium discovery at its Beecher Project in South Dakota, following a review of 117 drill holes that returned 45 intercepts above 2 metres at 0.20% Rb₂O, including standout grades up to 0.50% Rb₂O. The new rubidium results, to be incorporated into a maiden rubidium mineral resource estimate targeted for late Q1–early Q2 2026, augment Beecher’s existing 2.20 Mt at 1.05% Li₂O lithium resource and position the project among the world’s highest-grade rubidium deposits, strengthening Iris Metals’ ambitions to develop a premier US multi-commodity critical minerals hub and enhance its role in Western rubidium and lithium supply.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Limited is an ASX-listed critical minerals explorer and developer focused on lithium and associated high-value metals in the United States, particularly within the Black Hills region of South Dakota. The company is advancing the Beecher and Tin Mountain projects, which host lithium and rubidium mineralisation, and is expanding its US critical minerals footprint with the planned acquisition of the Finley Basin Tungsten Project in Montana.
Average Trading Volume: 588,839
Technical Sentiment Signal: Hold
Current Market Cap: A$46.08M
For an in-depth examination of IR1 stock, go to TipRanks’ Overview page.