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An update from Indiana Resources Limited ( (AU:IDA) ) is now available.
Indiana Resources Limited has completed an Air Core drilling program at its Minos Gold Project in South Australia, targeting high-tenor gold anomalies at the Ariadne and Company Well prospects. The program, which drilled 218 holes totaling 5,738 meters, aims to expand the project’s scale by following up on strong gold results from recent calcrete sampling. With $35 million in cash reserves, Indiana Resources is well-positioned to continue its exploration efforts and anticipates further defining drill targets in the coming quarter.
The most recent analyst rating on (AU:IDA) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Indiana Resources Limited stock, see the AU:IDA Stock Forecast page.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in expanding the Minos Gold Project located in South Australia’s Gawler Craton, with a market focus on identifying and developing high-value gold prospects.
YTD Price Performance: 48.00%
Average Trading Volume: 2,125,053
Technical Sentiment Signal: Buy
Current Market Cap: A$23.82M
See more insights into IDA stock on TipRanks’ Stock Analysis page.