Iris Metals (ASX: $IR1) announcement overview

Iris Metals Limited (ASX: $IR1) has announced the receipt of additional high-grade lithium results from the ongoing diamond drilling program at the 100% owned Beecher Project. The results include wide and high-grade lithium intersections at the Longview pegmatite, showcasing the project's potential for lithium production.

Executive Commentary on Beecher Project's Progress

The ongoing diamond drilling program at the Beecher Project has continued to yield impressive results, with consistent widths and grade being replicated. The depth of mineralization in BDD-23-015 is noteworthy, with lithium mineralization reported at over 200m downhole. The Company is pleased with the progress and is looking forward to commencing mining activities at its election, given the excellent infrastructure and the significant lithium market in the US.

Summary of Iris Metals' Announcement

Iris Metals' ongoing diamond drilling program at the Beecher Project has delivered additional wide and high-grade lithium intersections, indicating the project's potential for lithium production. The Company has granted mining permits over the entire Beecher Project and is preparing for mining feasibility studies. With the US government's focus on lithium as a critical mineral, Iris Metals is strategically positioned to contribute to the local supply and reduce the nation's dependence on other countries. The future activities include continued diamond drilling, metallurgical testing, and regional mapping and soil sampling programs to identify new pegmatites for future drill testing. The historic significance of the Black Hills in lithium mining further enhances the potential of Iris Metals' South Dakota Project.