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Industrial Minerals Ltd (ASX:IND)

ALERT: Price-sensitive ASX Announcement for IND
Current share price for IND : $0.120 0.005 (4.35%)+
Announcement
Release
24 Aug 2026 8:03AM
Price at Release
$0.115
Full Release
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Summary
Industrial Minerals Ltd (IND) has announced that a reinterpretation of geophysical data over the Laverton Gold Project, specifically at the North Pool prospect, has confirmed a strong gold target. The target is located along the Chatterbox Shear Zone and is coincident with numerous historic high-grade gold intercepts, such as 1m @ 82.2 g/t Au and 4m @ 19.17 g/t Au. This finding strengthens the company's confidence in the continuity and structural control of mineralization in the area, providing a well-defined, drill-ready target. The Laverton Gold Project is being acquired through the acquisition of Galleon Metals Ltd. Future exploration plans include a staged drilling program to further explore and potentially expand this promising gold target.
Key Points
  • Reinterpretation of geophysical data confirms strong gold target at North Pool.
  • Target is along the Chatterbox Shear Zone with historic high-grade gold intercepts.
  • Laverton Gold Project acquisition through Galleon Metals Ltd.
  • Plans for a staged drilling program to explore and expand the target.
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.