Industrial Minerals Ltd (ASX: IND) Marketing and Exploration Update
Positive Feedback from Pippingarra Pegmatite
Industrial Minerals Ltd (ASX: IND) has announced promising preliminary feedback regarding its Pippingarra pegmatite, currently under examination for high purity quartz production. Enthusiastic responses have come from multiple interested parties in China, leading IND to send a 60kg sample for further assessment.
Insightful Marketing Visit to China
A recent visit to China has yielded valuable insights for IND. The company’s Managing Director, Jeff Sweet, highlighted the significance of its established network in progressing its HPQ products. “The high quality of the meetings and industry access afforded to IND is a testament to our consistent marketing efforts,” said Sweet.
Progress on Resource Definition Activities
IND is advancing its resource definition activities at the Pippingarra HPQ Project in Western Australia. Currently, a 2,000m reverse circulation drilling program is underway, with approximately half already completed. The aim is to evaluate the continuity of quartz zones and define shallow quartz ore zones.
Future Outlook and Collaborations
IND is also exploring Direct Shipping Ore (DSO) opportunities in the quartz stone industry. As demand grows, the company is well-positioned to supply essential raw materials, reinforcing its commitment to expand market presence. The results from ongoing drilling and testing are expected in the upcoming weeks.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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