Industrial Minerals
Financials:
Primary ticker: ASX:IND
Stage of development: Exploration, Development
Primary minerals: Silica Sand, Industrial Mineral
Project to promote: Stockyard Project
Project location: Australia
Website: industmin.com
Coroprate presentation: Click here
Corporate video: Click here
Industrial Minerals Ltd (ASX:IND) is a diversified industrial mineral explorer and developer with a primary focus on High Purity Silica Sand (HPSS). IND holds 26 strategic industrial mineral projects across Western Australia, including the flagship Stockyard Project with granted mining lease and MOU in place. This makes IND well-positioned to meet the growing demand for HPSS seen across the Asia Pacific region, driven largely by the rise in green energy solutions such as solar photovoltaic (PV) systems.
Cash: AUD$2.9M
Debt: /
Major shareholders:
SISU INTERNATIONAL PTY LTD – 11.4%
ROBERT JEWSON – 11.4%
PETER ROMEO GIANNI – 11.4%
GUNDARA ENTERPRISES PTY LTD – 6.4%
TRISTAR NOMINEES PTY LTD – 6.4%
Management Ownership – 15%
Management Profile
Jeff Sweet – Managing Director
Mr Sweet has over 24 years’ quality experience in the quarry, mining and logistics industries primarily in operations management roles. Mr Sweet had a practical start to his career working for owner operator and contracting companies in resource sectors including Gold, Iron Ore, Phosphate and Construction Materials. Mr Sweet has complimented his broad experience with a Master of Science (Mineral Economics).
What is your rationale for taking part in 121 Mining Investment?
Building awareness and broadening industry network
What recent news would you like to highlight to investors attending?
30/08/2022 – Stockyard Mining Lease Granted
12/09/2022 – Stockyard MOU Delivering Premium Silica to PV Glass Industry
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete feasibility study for a decision to commence mining at Stockyard Project. Advanced exploration drilling program at 4 priority High Purity Silica Sand Projects.
6 Months:
Commence mining and shipping High Purity Silica Sand from Stockyard Project. Advanced development of 4 priority High Purity Silica Sand Projects.
12 Months:
Stockyard Production ramped up to 0.5MTPA. Complete feasibility study for a decision to commence mining at 2 further high priority High Purity Silica Sand Projects.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
There is a limited capacity to export from key ports within Western Australia. IND is rapidly developing multiple projects in close proximity to 4 regional ports.
What do you think makes your company such a compelling investment?
IND is rapidly developing multiple High Purity Silica Sand Projects to take advantage of the growth in demand driven largely by the rise in green energy solutions such as solar photovoltaic (PV) systems
What are the top 3 key investor takeaways?
Rapid development of multiple projects close to multiple ports. Advanced discussions with customers, High Purity Silica Sand demand is growing driven largely by the rise in green energy solutions such as solar photovoltaic (PV) systems