IND Expands Gold Footprint with Laverton Portfolio Acquisition
Industrial Minerals Ltd (ASX: IND) announced plans to strengthen its presence in Western Australia’s gold sector through the acquisition of the Laverton Gold Portfolio. The deal covers 15 exploration licences across approximately 205 square kilometres within the prolific Laverton Tectonic Zone, a region recognised for substantial historical gold production. The portfolio contains several drill-ready targets positioned near established gold operations, providing the company with exposure to a highly active mining district.
Previous exploration campaigns delivered encouraging gold intersections at the Gladiator and North Pool prospects, supporting the potential for further resource growth. To accelerate exploration activities and maintain operational flexibility, the company is also raising up to AU$3 million through a two-stage capital placement.
In addition, Industrial Minerals announced leadership changes, including the appointment of experienced gold explorer Warrick Clent as incoming Managing Director. The company believes the transaction will diversify its asset base, support future drilling programmes, and create long-term growth opportunities for shareholders.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
IND Expands Gold Footprint with Laverton Portfolio Acquisition
Industrial Minerals Ltd (ASX: IND) announced plans to strengthen its presence in Western Australia’s gold sector through the acquisition of the Laverton Gold Portfolio. The deal covers 15 exploration licences across approximately 205 square kilometres within the prolific Laverton Tectonic Zone, a region recognised for substantial historical gold production. The portfolio contains several drill-ready targets positioned near established gold operations, providing the company with exposure to a highly active mining district.
Previous exploration campaigns delivered encouraging gold intersections at the Gladiator and North Pool prospects, supporting the potential for further resource growth. To accelerate exploration activities and maintain operational flexibility, the company is also raising up to AU$3 million through a two-stage capital placement.
In addition, Industrial Minerals announced leadership changes, including the appointment of experienced gold explorer Warrick Clent as incoming Managing Director. The company believes the transaction will diversify its asset base, support future drilling programmes, and create long-term growth opportunities for shareholders.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au