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Indiana Resources Limited (ASX:IDA)

ALERT: Price-sensitive ASX Announcement for IDA
Current share price for IDA : $0.020 -0.002 (-9.09%)+
Announcement
Release
18 Aug 2026 9:45AM
Price at Release
$0.022
Full Release
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Summary
Indiana Resources Limited announced the resignation of Matthew Bowles as Managing Director & CEO, effective 17 November 2026, as he pursues other opportunities. The Board will begin the recruitment process for a new CEO while maintaining current operations at its Gawler Craton Project in South Australia, led by Ms. Barbara Duggan. The company remains focused on its large-scale exploration portfolio, covering 5,000 km², and is financially strong. Additionally, Executive Chair Bronwyn Barnes will oversee ongoing arbitration related to a dispute in Tanzania, with a resolution anticipated by Q2 2027.
Key Points
  • Matthew Bowles has resigned as Managing Director & CEO of Indiana Resources Limited.
  • The company will start recruiting a new CEO to lead its financial, exploration, and operational activities.
  • All exploration activities for the Gawler Craton Project in South Australia will continue as planned.
  • Indiana Resources holds a significant position in the Gawler Craton, covering 5,000 km², focusing on gold, base metals, and critical minerals.
  • The company is involved in ongoing arbitration activities related to a dispute in Tanzania, expected to conclude with a hearing in December 2026.
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.