Top Page
Indiana Resources Limited
(Sydney:IDA)
Indiana Resources Limited (IDA) vs. iShares MSCI Australia ETF (EWA)
Indiana Resources Limited Business Overview & Revenue Model
Indiana Resources Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.69M | 210.00K | 6.00K | 2.00K | 0.00 | 46.00K |
| Gross Profit | 91.68M | 210.00K | -66.00K | -73.00K | -13.00K | -13.00K |
| EBITDA | 52.52M | -4.13M | -1.92M | -2.04M | -1.67M | -2.59M |
| Net Income | 48.06M | -4.17M | -1.99M | -2.11M | -1.68M | -6.71M |
Balance Sheet | ||||||
| Total Assets | 31.61M | 8.17M | 6.91M | 6.58M | 3.12M | 652.00K |
| Cash, Cash Equivalents and Short-Term Investments | 23.47M | 1.39M | 1.19M | 2.37M | 1.28M | 504.00K |
| Total Debt | 15.00K | 32.00K | 96.00K | 196.00K | 62.00K | 0.00 |
| Total Liabilities | 4.43M | 922.00K | 977.00K | 789.00K | 989.00K | 1.28M |
| Stockholders Equity | 26.28M | 6.88M | 5.65M | 5.44M | 2.13M | -625.00K |
Cash Flow | ||||||
| Free Cash Flow | 50.06M | -4.72M | -2.95M | -4.50M | -2.40M | -2.51M |
| Operating Cash Flow | 51.94M | -4.20M | -1.47M | -2.53M | -2.39M | -2.51M |
| Investing Cash Flow | -18.32M | -494.00K | -1.39M | -1.97M | -8.00K | -3.00K |
| Financing Cash Flow | -30.39M | 4.89M | 1.68M | 5.57M | 3.18M | 2.63M |
Indiana Resources Limited Technical Analysis
Indiana Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $55.92M | 1.16 | 300.49% | ― | ― | ― | |
45 Neutral | AU$72.14M | ― | -93.33% | ― | ― | -347.84% | |
43 Neutral | AU$1.41B | -6.14 | -40.62% | 3.98% | -4.78% | -42.91% | |
| $93.75M | ― | -1602.47% | ― | ― | ― | ||
41 Neutral | AU$64.23M | ― | -12.73% | ― | ― | -150.77% | |
37 Underperform | AU$60.62M | ― | -13.21% | ― | ― | -66.67% | |
| AU$40.39M | ― | -68.13% | ― | ― | ― |
Indiana Resources Limited Corporate Events
Indiana Resources Limited has announced a change in the director’s interest notice, specifically involving Bronwyn Barnes. The notice details the cancellation of 20,000,000 unlisted options held indirectly through the S & B Barnes Family Trust due to unmet vesting conditions. This change does not affect the number of directly or indirectly held fully paid ordinary shares, signifying a strategic adjustment in the director’s financial interests without impacting the company’s overall shareholding structure.
Indiana Resources Limited has announced a General Meeting of Shareholders to discuss key resolutions, including a significant return of capital and the issuance of incentive shares to a director. The proposed return of capital involves reducing the company’s share capital by up to $32,186,623, providing shareholders with $0.05 per share. Additionally, the company seeks approval to issue up to 3,000,000 incentive shares to Director Ms. Bronwyn Barnes under the Existing Employee Securities Incentive Plan, potentially impacting shareholder value and executive compensation structures.
Indiana Resources Limited is making significant progress on its Minos Gold Project, with recent developments including the completion of a 27-hole reverse circulation drilling program and the commencement of a 1,500-meter diamond drilling program. These efforts are part of a broader strategy to establish a maiden gold resource estimation and advance the project’s commercial viability. The company is also conducting a comprehensive scoping study to explore gold production potential, which includes metallurgical test work. Indiana remains well-funded to continue its aggressive exploration and development campaigns, aiming to unlock the full potential of the Minos deposit.
Indiana Resources Limited has announced a cash return of capital to its shareholders, with a payment of AUD 0.05 per security. This move will also result in a reduction of the exercise price for certain unquoted options from 15.0c to 10.0c, potentially impacting the company’s financial structure and shareholder value.
Indiana Resources Limited has announced the cessation of 20 million securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s future financial strategies.
Indiana Resources Limited has announced a proposed capital return of $0.05 per share to its shareholders, subject to shareholder approval. The company, which has a consolidated cash position of A$69.5 million, plans to distribute A$32.2 million, leaving a remaining cash position of approximately A$37 million. This move is part of the company’s strategy to manage its financial resources effectively, and it may consider further distributions in the future, pending the resolution of a dispute involving one of its claimants.
Indiana Resources Limited has announced a significant development regarding its settlement agreement with the United Republic of Tanzania. The company has received all instalments as per the agreement but is facing a breach due to Tanzania’s failure to withdraw a tax assessment, prompting Indiana to seek arbitration. This breach allows the company to potentially resume annulment proceedings, which could lead to Tanzania paying the outstanding award amount plus interest, impacting Indiana’s financial positioning and stakeholder interests.
Indiana Resources Limited is making significant progress in its exploration and scoping study activities at the Minos gold deposit, part of its Gawler Craton Project in South Australia. The company has completed more than half of its scheduled reverse circulation drilling and is preparing for diamond drilling to explore deeper targets. These efforts are aimed at delivering a Maiden Resource Estimation and enhancing the understanding of the deposit’s potential. The ongoing scoping study is a critical step towards future gold mining operations, with geological re-logging and metallurgical test work underway to support resource estimation and gold recovery strategies.
Indiana Resources Limited has commenced a new drilling campaign at its Minos gold deposit, aiming to expand the scale of high-grade gold extensions. The program involves reverse circulation drilling of 27 holes over approximately 6,600 meters, with plans to continue drilling through August 2025. The company is leveraging the current strong gold price and is well-funded to complete these programs, indicating a positive outlook for stakeholders as they anticipate a steady flow of results.
Indiana Resources Limited reported significant progress in its gold exploration activities at the Minos gold deposit in South Australia. The company announced the discovery of high-grade gold intersections in the newly defined Southwest Zone, which extends the potential for commercial gold mining operations. Additionally, the company received the final installment of a settlement agreement with Tanzania, which strengthens its financial position and supports ongoing exploration efforts.
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.
Indiana Resources Limited has confirmed that the changes in directors’ interests, as detailed in their recent notice, were not traded during a closed period. This update aligns with their securities trading policy and reflects the company’s commitment to compliance and transparency in its operations.
Indiana Resources Limited has reported a consolidated cash position of AU$71.6 million, bolstered by the final US$30 million installment from a settlement agreement with the United Republic of Tanzania. This strong financial position will enable the company to accelerate its exploration activities in South Australia, particularly focusing on high-priority gold targets like the Minos gold deposit. The company is engaged in discussions regarding the distribution of funds among claimants and shareholders, with arbitration proceedings underway. This development is expected to enhance Indiana’s exploration capabilities and provide significant newsflow for stakeholders.
Indiana Resources Limited has announced a change in the director’s interest, with Bronwyn Barnes acquiring 2,555,314 fully paid ordinary shares and disposing of 550,000 shares through on-market trades. This change reflects a strategic adjustment in the director’s investment portfolio, potentially impacting the company’s market perception and investor confidence.
Indiana Resources Limited has been informed by the ASX of a deemed breach of Listing Rule 10.11 due to an off-market transfer of shares to Ms. Barnes, a related party, without shareholder approval. Although Indiana and Ms. Barnes assert the transactions were separate and not intended to bypass regulations, they have taken corrective action by disposing of the shares on-market, with proceeds to be donated to charity, ensuring compliance with ASX rules.
Indiana Resources Limited, a company listed on the Australian Securities Exchange, has announced that the suspension of its trading securities will be lifted. This follows an announcement regarding the expected receipt of settlement funds, which may impact the company’s financial stability and investor confidence.
Indiana Resources Limited has received the final instalment of US$30 million from the United Republic of Tanzania as part of a US$90 million settlement agreement. The company plans to return capital to shareholders, pending a tax ruling from the Australian Taxation Office. However, a dispute has arisen with the Tanzanian Revenue Authority over alleged taxes owed, which Indiana denies, and a separate arbitration process is underway concerning the distribution of settlement funds among shareholders.