IND 2.70% 19.0¢ industrial minerals ltd

Ann: RC Drilling Update for Pippingarra Quarry Project, page-70

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    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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