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Indiana Resources Limited (ASX:IDA)

ALERT: Price-sensitive ASX Announcement for IDA
Current share price for IDA : $0.022 -0.02 (-47.62%)+
Announcement
Release
10 Feb 2026 8:19AM
Price at Release
$0.042
Full Release
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Summary
Indiana Resources Limited has announced significant gold findings in their tenements located in the Gawler Craton, Australia. Their exploration efforts revealed substantial gold intersections, particularly on a splay off the Lake Labyrinth Shear Zone. The company's ground position is strategically placed between the historic gold mining areas of Tunkillia and Tarcoola. The reported drill results follow the JORC Code standards, although the true widths of the mineralizations are not yet known. Continued exploration, including further RC drilling, is planned to expand on these promising findings.
Key Points
  • Indiana Resources Limited holds tenements covering 5,713 km² in the Gawler Craton.
  • Strategically located between historic gold mining centres Tunkillia and Tarcoola.
  • Drilling results show significant gold intersections at various depths.
  • Gold confirmed on a splay off the Lake Labyrinth Shear Zone.
  • Intersections reported are downhole lengths; true widths are unknown.
  • Indiana's exploration results are reported according to JORC Code standards.
  • Future work includes further exploration and RC drilling.
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.