From Stonk head:
INDUSTRIAL MINERALS (ASX:IND): Trading at 73c for a market cap of $50m. Recently traded as high as $1.33 on initial enthusiasm for its pick-up of the Pippingarra Quarry project near Port Hedland in the Pilbara.
It is on a mining lease which is a big tick, with IND’s interest being the previously overlooked lithium potential. While overlooked, there was a 6m intersection grading 3.73% lithium from historical drilling along strike from the existing quarry.
IND is swinging the bat on this one right now, with first results possible late December/early January. The company has long had a high purity quartz agenda in the Pilbara.
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- Ann: RC Drilling Update for Pippingarra Quarry Project
Ann: RC Drilling Update for Pippingarra Quarry Project, page-70
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1 | 14688 | 0.170 |
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Price($) | Vol. | No. |
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