Iris Metals Ltd. Stock Analysis IR1.AX

IRIS Metals Ltd. is a mineral exploration company, which engages for the purpose of applying for and acquiring interests in mineral exploration tenements and tenement applications in Western Australia. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-09-23. The firm has a suite of assets which are highly prospective for hard rock lithium located in South Dakota, United States. Its segments include Australia and the USA. The Australia segment focused on mining exploration and evaluation in Australia and the USA segment focuses on mining exploration and evaluation in the United States. Its projects include The Beecher Project, Tin Mountain and Leonora Project, Dewy mine, Helen Beryl mine and Edison mine. The Beecher Project is located seven km from the township of Custer in the Black Hills of South Dakota. The project spans approximately 50.88 hectares of private patented claims and surrounding federal claims. The Beecher Project includes the Longview, Beecher and Black Diamond mines. The Tin Mountain Mine includes crystals of lithium spodumene visible in the underground drives. The Edison Mine focuses on lithium spodumene, beryllium, feldspar, mica, and tantalum.