Been on watch list for a while didn’t expect it to drop this low time to load up lots of upside.
Well known top 3 on board
Top 3 Holders Shares Capital
Robert Jewson 7.283,334 11.55%
Peter Romeo Gianni 7.283,334 11.55%
Tolga Kumova 7.283,334 11.55%
IND now holds 100% of 12 High Purity Silica Sand projects across Western Australia and is focused on exploring and developing these projects, which have the potential to add significant value to investors and stakeholders.
Raw white sand samples have also been shipped to a potential offtake party for further definitive testing at their own glass manufacturing plants in China. Based on discussions with the potential offtake partners, the very high SiO2 content combined with the low impurity profile bodes well for the potential sale price of the product as a high value premium.
The very positive results indicate that the key +150 to -600 μm size range consists of very high SiO2 content of 99.9% and low impurities, allowing IND to investigate the direct shipping ore (DSO) potential of the white sand. Importantly, it is considered highly likely that the white sands will be amenable to simple/low-cost off the shelf processing methods to wash and grade the sand, further supporting a DSO model.
IND’s technical teams are now on the ground conducting surface and auger sampling with the express permission of the landowners on the high priority target areas within the Stockyard project. The first batch of samples have already been submitted to Intertek for assay and are due to be reported in early November 2021.
