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Industrial Minerals Ltd (ASX:IND)

ALERT: Price-sensitive ASX Announcement for IND
Current share price for IND : $0.130 0.005 (4%)+
Announcement
Release
22 Jun 2026 8:15AM
Price at Release
$0.125
Full Release
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Summary
Industrial Minerals Ltd (IND) announced significant historic gold drilling results from the Laverton Gold Project, specifically at the Majestic prospect, which confirm near-surface mineralisation across the tenement. These findings are part of a larger portfolio of high-grade intercepts at the North Pool and Gladiator prospects. A comprehensive geophysical review and targeting exercise is set to commence, focusing first on North Pool and Gladiator before moving to Majestic. This initiative aims to refine drill targets in anticipation of a maiden drilling campaign. The Laverton Gold Project contains a series of exploration licences within the Laverton Tectonic Zone, a prolific gold-producing area in Western Australia. The project is being acquired through IND's acquisition of Galleon Metals Limited, subject to certain conditions.
Key Points
  • Compilation of historic drilling at Majestic confirms widespread near-surface gold mineralisation.
  • Majestic prospect is located within the Laverton Tectonic Zone in Western Australia.
  • IND will conduct a geophysical review and targeting exercise across the Laverton Gold Project.
  • The review will initially focus on North Pool and Gladiator, then extend to Majestic.
  • IND aims to deliver a prioritised, drill-ready target inventory for a maiden drilling campaign.
  • The Laverton Gold Project is part of a high-value mineral exploration portfolio in Western Australia.
  • The acquisition of Galleon Metals Limited is integral to IND's strategy for the Laverton Gold Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.