Indiana Resources Limited
IDA.AX
Australian Securities Exchange0.02
AUD
- -
- -
Indiana Resources Limited
IDA.AX
(Australian Securities Exchange)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Indiana Resources Limited (ASX:IDA) is an Australia-based exploration company focused on advancing a portfolio of tenements prospective for gold, rare earth elements, and base metals, primarily within the Central Gawler Craton Gold Province in South Australia. The company holds 100% interests in the Gawler Craton project spanning 5,713 square kilometers between the Tunkillia and Tarcoola gold regions; key gold prospects including the Minos deposit, Ariadne, Earea Dam, Boomerang, Double Dutch, Partridge, and Ealbara; a rare earths project; and a titanium project. It conducts exploration activities such as reverse circulation, diamond, and air core drilling, geochemical sampling, structural modeling, metallurgical testing, and resource delineation, targeting high-grade gold structures along the 50-kilometer Lake Labyrinth Shear Zone and other anomalies. Founded in 1985 and headquartered in Thebarton, South Australia, the company operates exclusively in Australia following its name change from IMX Resources Limited in June 2016. Recent developments include settlement of a long-standing dispute with the Government of Tanzania, yielding a US$90 million payment with potential additional US$36.9 million, enabling a special dividend of 5.0 cents per share in December 2024 and positioning the company as cash-rich with A$71.6 million as of April 2025; accelerated drilling at Minos with high-grade intercepts such as 24.9 g/t gold over 3 meters and 11.6 g/t gold over 8 meters, extending the deposit to 380 meters depth and fast-tracking a maiden JORC resource estimate through a 7,000-meter program commencing in April 2025 using RC and diamond rigs; ongoing scoping study with preliminary metallurgical testing and baseline environmental work at Minos; and advanced regional exploration targeting proximal prospects like Ariadne and Company Well, alongside permitting for titanium access and rare earths metallurgical studies.