Idaho Strategic Resources Advances Exploration and Development Initiatives

Idaho Strategic Resources (IDR) is advancing exploration and development initiatives across its diverse project portfolio, which includes precious metals and critical minerals. The company has focused on enhancing gold production capabilities, strengthening its asset portfolio, financial stability, and share structure. IDR is now better positioned to invest in exploration initiatives due to favorable gold grades and a robust gold market. Analysts forecast an average target price of $17.50, implying a 27.37% upside from the current price. The estimated GF Value is $15.15, suggesting a 10.26% upside.

Idaho Strategic Resources (IDR), a gold producer and owner of the largest rare earth elements land package in the United States, is making significant strides in its exploration and development initiatives. The company's strategic focus on enhancing gold production capabilities, strengthening its asset portfolio, financial stability, and share structure has positioned IDR to invest in exploration initiatives. With favorable gold grades and a robust gold market, IDR is now actively pursuing its exploration plans across its diverse project portfolio.

Exploration and Development Highlights

- Golden Chest Mine: IDR's Golden Chest Mine continues to be the busiest asset, with increased exploration and development work. The company is completing the buildout of the paste backfill system and the Murray Mill, while also mobilizing Small Mines Development (SMD) to develop underground drill stations. Two drill rigs are currently active, one underground and one on the surface, targeting infill targets and the Paymaster Footwall Vein.

- Murray Gold Belt: Surface drilling in the Murray Gold Belt began in June, with plans to test various prospects throughout the district. Seven holes have been completed at the Buckskin prospect, targeting a large fault structure and associated gold-bearing veins. The drill rig will subsequently move to the King Mine prospect to test parallel gold-bearing quartz veins.

- Eastern Star: IDR completed a first phase drill program at its Eastern Star project, totaling 13 holes for 1,965 meters. The program tested narrow vein, high-grade underground structures, with promising intercepts and multi-element assay results expected later in the summer.

- Mineral Hill: IDR completed a LiDAR and magnetics geophysical drone survey on its extensive landholdings in the Mineral Hill area, identifying additional high-priority exploration targets. A follow-on radiometrics drone survey is scheduled for the summer.

- Lemhi Pass: The planned soil sampling and ground-based radiometrics program at Lemhi Pass is well underway, targeting high-potential prospects for rare earth elements mineralization. The magnetics program's success at Mineral Hill has led to a larger survey at Lemhi Pass.

- Diamond Creek: IDR plans to advance the Diamond Creek project through an initial trenching program at the Simer and Frank Burch prospects, with possible drilling late in the season pending successful trenching results. The project's wide intercepts exceeding 1% total rare earths make it a compelling critical minerals target.

- Oxford: IDR added the Oxford copper project to its mineral portfolio in 2024. The project consists of approximately 3,000 acres and is currently being tested with a 3D IP geophysics survey to assess chargeability and resistivity of the rock deep beneath the surface.

Market Outlook

Analysts forecast an average target price of $17.50 for IDR, implying a 27.37% upside from the current price. The estimated GF Value is $15.15, suggesting a 10.26% upside. IDR's President and CEO, John Swallow, emphasized the company's favorable position and the importance of investing in its exploration business plan to capitalize on the current market conditions.

References

[1] https://www.marketscreener.com/quote/stock/IDAHO-STRATEGIC-RESOURCES-120787330/news/Idaho-Strategic-Provides-Exploration-and-Development-Update-Spanning-its-Entire-Asset-Base-50344537/