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Indiana Resources Limited
(OTC: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 | EBIT |
| 52.58M | -4.07M | -2.00M | -1.90M | -2.00M | -2.65M | EBITDA |
| 52.52M | -4.13M | -1.92M | -2.04M | -1.67M | -2.59M | Net Income Common Stockholders |
| 48.06M | -4.17M | -1.99M | -2.11M | -1.68M | -6.71M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 23.47M | 1.39M | 1.19M | 2.37M | 1.28M | 504.00K | Total Assets |
| 31.61M | 8.17M | 6.91M | 6.58M | 3.12M | 652.00K | Total Debt |
| 15.00K | 32.00K | 96.00K | 196.00K | 62.00K | 0.00 | Net Debt |
| -7.02M | -1.36M | -1.09M | -2.17M | -1.22M | -504.00K | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | AU$50.13M | 1.04 | 300.49% | ― | ― | ― | |
51 Neutral | $2.02B | -1.19 | -21.37% | 3.64% | 2.88% | -30.57% | |
45 Neutral | AU$55.96M | ― | -93.33% | ― | ― | -347.84% | |
41 Neutral | AU$56.89M | ― | -12.73% | ― | ― | -150.77% | |
37 Underperform | AU$50.36M | ― | -13.21% | ― | ― | -66.67% | |
29 Underperform | AU$61.76M | ― | -1602.47% | ― | ― | -30.00% |
Indiana Resources Limited Corporate Events
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.
Indiana Resources Limited, a company listed on the ASX under the code IDA, has requested a voluntary suspension of its securities from trading. This suspension is pending an announcement regarding the expected receipt of settlement funds from the United Republic of Tanzania. The company has indicated that the suspension will remain in place until either the announcement can be made or until April 7, 2025, whichever comes first.
Indiana Resources Limited has requested a trading halt on its securities pending an announcement regarding the anticipated receipt of a US$30 million settlement from the United Republic of Tanzania. This move is expected to have significant implications for the company’s financial position and market operations, as it represents the final instalment of settlement funds, potentially impacting stakeholder interests and the company’s strategic direction.
Indiana Resources Limited has released its interim financial report for the half-year ended 31 December 2024. The report is intended to be read in conjunction with the company’s annual report and any public announcements made during the interim period, in compliance with the Corporations Act 2001. This release provides stakeholders with a snapshot of the company’s financial performance and position, although it does not contain all the notes typically found in an annual financial report.