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Indiana Resources Limited ( (AU:IDA) ) has issued an announcement.
Indiana Resources Limited announced significant progress in its Minos Gold Project, located in the Central Gawler Craton, South Australia. The recent drilling program has successfully extended gold mineralisation at the Minos Prospect, with notable results including intersections of high-grade gold. The Minos prospect is now defined over a 650m strike and remains open for further exploration. The company is also conducting additional drilling to test new targets and enhance its geological model, positioning itself for strategic growth. Indiana Resources maintains a strong cash position and has made key leadership appointments to drive its next phase of development.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is engaged in projects within the Gawler Craton in South Australia, with a significant emphasis on the Minos Gold Project.
YTD Price Performance: 84.00%
Average Trading Volume: 2,339,992
Technical Sentiment Signal: Buy
Current Market Cap: A$31.54M
Learn more about IDA stock on TipRanks’ Stock Analysis page.