Industrial Minerals obtained an exclusive option to acquire an 80% stake in the non-construction mineral rights, including lithium and high-purity quartz, at the Pippingarra Quarry Project in Western Australia's Pilbara lithium province.

The project has an extensive pegmatite body with promising lithium potential, supported by historical drilling data.

Industrial Minerals plans to conduct a comprehensive exploration program, including RC and diamond drilling, to assess the pegmatite's extent and lithium mineralisation.

Next steps include geochemical programs, comprehensive drilling, and continued assessment of the company's Pilbara tenements.