Iris Metals (ASX: IR1) — Company Overview, News & Financial Data
Iris Metals is a hard rock lithium exploration company focusing on projects in South Dakota, USA, alongside gold projects in Australia.
Iris Metals
Iris Metals is an Australian mineral exploration and development company focused on critical minerals projects in North America. The company's operations center on exploring and advancing lithium, rubidium, and tungsten resources required for industrial and high-technology applications. Its principal development asset is located in the Black Hills region of South Dakota, where it holds extensive mineral claims containing lithium oxide and rubidium deposits. Additionally, the company maintains regional exploration claims across historic pegmatite fields in South Dakota and participates in a farm-in exploration arrangement evaluating tungsten mineralization in Montana, United States.
Snapshot
Operations
Products and/or services of Iris Metals
- Lithium-Rubidium Asset Development: Advanced exploration and resource delineation at a 3.03 million tonne JORC-compliant mineral deposit averaging 1.00% lithium oxide and 0.116% rubidium oxide located in Custer, South Dakota, United States.
- Tungsten Mineral Exploration: Farm-in exploration operations and a planned 7,000-meter Phase I drilling program evaluating a historical 850,000-tonne resource grading 0.68% tungsten trioxide situated within the Finley Basin in Montana, United States.
- Direct Shipping Ore Production: Development of direct shipping ore sales leveraging an existing mineral extraction licence across private land holdings in South Dakota, establishing a low-capital-expenditure pathway toward near-term critical mineral commercialization and supply.
- Historic Pegmatite Mine Evaluation: Re-evaluation and systematic target generation across historic high-grade lithium pegmatite workings, including former producing mine claims located within the Black Hills critical minerals province of South Dakota, United States.
- Advanced Lithium Pegmatite Prospecting: Exploration and subsurface core drilling focused on high-grade lithium and rubidium pegmatite targets situated in the Black Hills region of South Dakota, expanding the local JORC-compliant mineral resource base.
- Regional Landholding Exploration: District-scale geological survey, soil sampling, and claim management across 2,469 federal mineral lode claims covering 22,300 hectares of prospective lithium-bearing pegmatite terrain in South Dakota, United States.
Iris Metals executive team
- Mr. Peter Ashley Marks BEC, Grad. Dip., L.L.B., M.B.A.Executive Chairman of the Board
- Mr. Damien John Henderson FCPACFO & GM of Operations (Australia)
- Mr. Matthew HartmannPresident of U.S. Operations
- Mr. David James Franks BEc, C.A., F Fin, J.P.Company Secretary