Ann: Response to ASX Price Query, page-2

So with the current uptick in share price MRE on it's way
Strong interest in HPQ off take.
If so, expect a rerate.

With respect to the recent change in the price of its securities, the Company notes recent developments in the global tariff and trade environment on products including High Purity Quartz (HPQ).
The Company has seen an increase in interest and demand for our HPQ ore and is continuing to market to potential buyers.
As previously announced, IND is currently working on several projects: ongoing marketing events post Chinese New Year, development of a maiden mineral resource estimate at the Company’s Pippingarra project and conducting independent testwork in China. All of this work is ongoing, and completion is expected by the end of the month.

Let's hope more Action in regards of securing offtake deal
which i have noticed has been repetitively mentioned over
& over with no outcomes.
I think it is time for the management to come clean with
opportunities, if they can make a deal.