Iris Metals Limited (AU:IR1) has released an update.
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Iris Metals Limited has announced the completion of its final assay results from the Phase I drilling program at the Beecher Project in South Dakota, highlighting promising high-grade lithium intersections. With a maiden mineral resource estimate expected in early 2025, the company is gearing up for a demonstration mining program to advance its transition from an explorer to a producer. This development positions Iris Metals to potentially commence mining operations late next year, marking a significant step in its strategic plan for lithium production.
For further insights into AU:IR1 stock, check out TipRanks’ Stock Analysis page.
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