What did Industrial Minerals (ASX:IND) announce regarding the Laverton Gold Portfolio?

Industrial Minerals (ASX:IND) has signed a binding agreement to acquire 100% of the Laverton Gold Portfolio in Western Australia. The deal includes 15 exploration licences covering 205km2 in the Laverton Tectonic Zone, a region famous for producing over 28 million ounces of gold.

How is Industrial Minerals (ASX:IND) paying for this acquisition?

The acquisition is an all-share deal valued at approximately A$4,666,667. Additionally, the agreement includes a 2.0% net smelter return (NSR) royalty, meaning the previous owners will receive a percentage of the value of any future gold produced from the site.

What does the $3 million capital raising mean for Industrial Minerals (ASX:IND) shareholders?

The company is launching a two-tranche placement to raise up to $3 million in new working capital. While this provides the cash needed for "aggressive exploration," existing shareholders should be aware of potential dilution, as new shares are being issued to fund both the purchase and the operations.

Why is the location of the Laverton Gold Portfolio significant for investors?

The portfolio is situated within a "premier orogenic gold district" and features a 45km structural corridor with four drill-ready targets. Significantly for the investment thesis, these targets are immediately adjacent to multi-million-ounce deposits managed by Genesis Minerals (ASX:GMD), suggesting high geological potential.

Who is leading Industrial Minerals (ASX:IND) following the board restructure?

To coincide with the pivot toward gold exploration, Warrick Clent has been appointed as the incoming Managing Director. He is joined by Mike Dunbar as a Non-Executive Director, as part of a board restructure designed to accelerate exploration and "unlock shareholder value".

Industrial Minerals to acquire Laverton gold portfolio

Written by Liezl GambePublished May. 13 2026Last Updated May. 13 2026

Industrial Minerals (ASX:IND) has entered into a binding agreement to acquire the Laverton Gold Portfolio.

The acquisition encompasses 15 exploration licences spanning approximately 205km2 within Western Australia's highly prospective Laverton Tectonic Zone.

The region is widely recognised as a premier orogenic gold district, boasting a rich history of over 28 million ounces of gold production.

The portfolio features four drill-ready targets situated along a 45km structural corridor, adjacent to major deposits held by Genesis Minerals.

To finalise the all-share acquisition, valued at approximately A$4,666,667 plus a 2.0% net smelter return royalty, the company is launching a two-tranche placement to raise up to $3 million in working capital.

The financial injection will fund an aggressive exploration programme aimed at unlocking shareholder value.

Accompanying the deal is a major board restructure: Warrick Clent has been appointed as the incoming managing director, joined by Mike Dunbar as a non-executive director.

At the time of reporting, Industrial Minerals’ share price was $0.16.