Indiana Resources Limited ( (AU:IDA) ) just unveiled an update.
Indiana Resources Limited announced significant extensions to the Minos gold deposit at its Gawler Craton Project, with down-dip grades reaching up to 44.9 g/t gold. The Minos Main Zone now extends to 380 meters below the surface, enhancing the economic potential of the site. The company plans to recommence drilling in late April 2025 to further explore the deposit’s extensions, aiming to progress towards a JORC Resource. This development could significantly impact Indiana Resources’ operations and market positioning, as it increases the potential for a commercial mining operation at Minos.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold deposits. The company holds a strategic tenement portfolio in South Australia’s Gawler Craton, known for its mineral-rich zones.
Average Trading Volume: 100
Technical Sentiment Signal: Hold
Current Market Cap: $33.67M
See more insights into IDA stock on TipRanks’ Stock Analysis page.