Projects

Major Iridium Projects Worldwide

The development pipeline for Iridium projects spans exploration, feasibility, construction, and expansion stages across multiple jurisdictions. These projects will shape the future supply landscape for this platinum group metal and determine whether production can keep pace with growing demand.

Current Production Landscape

Existing Iridium production is concentrated in South Africa, Zimbabwe, Russia, Canada. South Africa holds the leading position, and the current mine base faces challenges including ore grade decline, increasing production costs, and environmental compliance requirements. Sustaining and expanding current production capacity requires ongoing capital investment and technical innovation.

Development-Stage Projects

A number of advanced-stage Iridium projects are progressing toward production decisions in various jurisdictions. These projects are at different stages of the development pipeline, from pre-feasibility and feasibility studies through to permitting and construction. The timeline from discovery to production for a new Iridium mine typically ranges from 10 to 20 years, underscoring the importance of long-term planning in the critical minerals sector.

Government Support and Strategic Initiatives

Recognizing the strategic importance of Iridium, governments in major consuming nations have launched programs to support domestic and allied-nation project development. These initiatives include direct financing, loan guarantees, streamlined permitting processes, and bilateral resource partnerships. As a USGS-listed critical mineral, Iridium projects are eligible for various U.S. government support mechanisms. EU Critical Raw Materials Act provisions also apply to Iridium project development.

Expansion and Brownfield Projects

In addition to greenfield developments, existing Iridium operations are pursuing expansion projects and brownfield developments to increase output. These projects typically have shorter development timelines and lower technical risk than new mine developments, making them important contributors to near-term supply growth. Processing capacity expansions are also being pursued to address downstream bottlenecks in the Iridium value chain.