IRIS Metals Information

Domestic U.S. Critical Minerals Supplier | South Dakota Lithium & Montana Tungsten Projects Palisade Metals (ASX:PM1), formerly Iris Metals, is a U.S.-focused critical minerals explorer and developer advancing a high-grade lithium, rubidium and tungsten portfolio across South Dakota and Montana. Strategic U.S. Focus South Dakota (Black Hills): Home to the Beecher lithium-rubidium project (3.03Mt @ 1% Li₂O and 0.116% Rb₂O, including a high-grade zone of 1.04Mt @ 0.203% Rb₂O) and the Tin Mountain project, where first-phase drilling confirmed high-grade lithium and caesium mineralisation. The Black Hills is a mining-friendly pegmatite province with a history of lithium and multi-commodity production. Montana: The Finley Basin Tungsten Project, secured via farm-in, targets historic tungsten mineralisation first identified by Union Carbide in the late 1970s and 1980s. Up to 7,000m of drilling is planned to verify and expand the resource, with an estimate targeted for early 2027. Positioned to benefit from U.S. policy support for domestically sourced battery and defence-critical minerals.