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Indiana Resources Limited ( (AU:IDA) ) has issued an update.
Indiana Resources Limited has announced significant progress in its Minos Gold Project, with the identification of high-order gold anomalies at the Ariadne Prospect, extending over two kilometers. These findings, along with ongoing exploration and drilling efforts, are expected to enhance the project’s resource potential. The company is advancing its scoping study and resource drilling programs, aiming to deliver a maiden gold resource estimation. Additionally, Indiana plans to return $0.05 per share to shareholders as a capital return, subject to approval, while continuing aggressive exploration campaigns to maximize the value of its gold targets.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring and unlocking the commercial potential of its gold projects, particularly within the Gawler Craton gold province in South Australia, which it fully owns.
YTD Price Performance: 42.62%
Average Trading Volume: 782,885
Technical Sentiment Signal: Buy
Current Market Cap: A$55.92M
For detailed information about IDA stock, go to TipRanks’ Stock Analysis page.