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Indiana Resources Limited (ASX:IDA)

ALERT: Price-sensitive ASX Announcement for IDA
Current share price for IDA : $0.024 -0.024 (-50%)+
Announcement
Release
29 Jan 2026 9:24AM
Price at Release
$0.048
Full Release
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Summary
Indiana Resources Limited has released its quarterly activities report and Appendix 5B cash flow statement for the quarter ending 31 December 2025. The company remains focused on its exploration activities in the Gawler Craton, South Australia, particularly at the Minos Gold Project. Significant assay results from recent drilling confirm gold mineralization in this area. Additionally, Indiana has resolved a legal settlement with the United Republic of Tanzania. Financially, the company completed a capital return, affecting cash flows, with a closing cash balance of A$33.8 million. The report also highlights the appointment of a new head of regional exploration to further advance exploration projects.
Key Points
  • Assay results confirm continuity of gold structure at Minos.
  • The company completed a comprehensive settlement with Tanzania.
  • A capital return of $0.05 per share was executed.
  • Closing cash balance at the end of the quarter was A$33.8 million.
  • Appointment of Barbara Duggan as Head of Regional Exploration.
  • Minos Gold Project identified as a key focus for strategic growth.
  • No mining tenements were acquired or disposed of during the quarter.
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.