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Indiana Resources Limited (ASX:IDA)

ALERT: Price-sensitive ASX Announcement for IDA
Current share price for IDA : $0.022 -0.026 (-54.17%)+
Announcement
Release
16 Oct 2025 8:18AM
Price at Release
$0.048
Full Release
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Summary
Indiana Resources Limited announced the results from their drilling and calcrete sampling at the Minos Gold Project, South Australia. The recent reverse circulation (RC) drilling intersected significant gold mineralisation with highlights including 8m at 1.2 g/t gold from 83m and 4m at 13.0 g/t gold from 130m. Further assays from diamond drilling are pending, aimed at exploring high-grade plunge orientations at depth. The Minos Gold Project, part of the Lake Labyrinth Shear Zone, continues to offer promising results with planned air-core drilling to follow. Calcrete sampling at Ariadne and Company Well confirmed strong gold anomalies, reinforcing future exploration efforts. Indiana Resources maintains a solid cash position of $37m to support ongoing and planned exploration, with no debt reported.
Key Points
  • RC drilling intersected high-grade gold at Minos Gold Project.
  • Notable results include 8m at 1.2 g/t gold and 4m at 13.0 g/t gold.
  • Further diamond drilling assays are pending to explore high-grade depth potential.
  • Minos Gold Project is part of the Lake Labyrinth Shear Zone.
  • Calcrete sampling at Ariadne and Company Well confirms strong gold anomalies.
  • Planned air-core drilling to further explore gold targets.
  • Indiana Resources has $37m in cash for future exploration.
  • No company debt reported.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.