Iris Metals (ASX: $IR1) announces impressive lithium results

Iris Metals Limited (ASX: $IR1) is pleased to announce the receipt of wide and high-grade lithium results from the ongoing diamond drilling program at the 100% owned Beecher Project. The results include new intersections at the Longview and Black Diamond pegmatites, demonstrating the potential for significant lithium mineralization.

Executive commentary on lithium results

The IRIS team is very excited about the lithium results returned in BDD-23-005. This result confirms the potential for the larger Black Diamond pegmatite to host significant lithium mineralization. We know from mapping and earlier RC drilling the widths of both the pegmatite and the zones of spodumene in the Black Diamond pegmatite increase notably as we head towards the untested southern portion of the Beecher Project. The Black Diamond pegmatite has the potential to add significant volumes to our mineral resource at the Beecher Project.

Summary of the Beecher Project's outlook

The ongoing diamond drilling program at the Beecher Project has delivered impressive wide and high-grade lithium intersections, indicating the potential for a low-cost mining operation. The results show robust, continuously mineralized pegmatites at the Longview and Black Diamond mines, with the potential for significant expansion. The project's location provides excellent infrastructure and the US government's focus on lithium as a critical mineral further enhances the project's prospects. Future activities include continued drilling, metallurgical testing, and regional mapping programs to identify new pegmatites for future exploration. Iris Metals remains focused on advancing its South Dakota-based tenure and leveraging the region's rich mining history.