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Indiana Resources Limited
(Sydney:IDA)
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Rating:45Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:Reiterated
Date:06/23/26
The score is held down primarily by weak cash flow/liquidity signals and bearish technicals (below major DMAs with negative MACD). These are partly offset by strong reported revenue growth, low leverage, and optically attractive valuation metrics (very low P/E and very high dividend yield).
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity and a healthy equity ratio reduce financial vulnerability, giving management durable flexibility to fund exploration via farm-outs or selective drilling without urgent refinancing. This structural strength lowers bankruptcy risk over the next 2–6 months.
Negative Factors
Negative operating & free cash flow
Negative operating and free cash flows are a durable weakness: they constrain the company’s ability to self-fund exploration, increase reliance on dilutive equity or asset sales, and raise the probability of delayed programs or distressed farm-outs within a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity and a healthy equity ratio reduce financial vulnerability, giving management durable flexibility to fund exploration via farm-outs or selective drilling without urgent refinancing. This structural strength lowers bankruptcy risk over the next 2–6 months.
Read all positive factors
Indiana Resources Limited (IDA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.17M
Dividend Yield500%
Average Volume (3M)790.88K
Price to Earnings (P/E)0.3
Beta (1Y)0.73
Revenue Growth-47.40%
EPS Growth-5.05%
CountryAU
Employees16
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.07
Shares Outstanding644,232,500
10 Day Avg. Volume834,147
30 Day Avg. Volume790,878
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.73
Price to Sales (P/S)0.38
P/FCF Ratio-8.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indiana Resources Limited Business Overview & Revenue Model
Company Description
Based in Wembley, Australia, Indiana Resources Limited is an Australian gold exploration firm. The company's primary asset is the Gawler Craton gold project, a vast 5,713 square kilometer tenement situated in South Australia. Established in 1985, ...
How the Company Makes Money
Indiana Resources Limited’s revenue model is primarily tied to the monetisation of mineral projects rather than recurring operating income. If available, the company can make money through: (1) selling exploration or development assets (project di...
Indiana Resources Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.12M | 139.60M | 210.00K | 6.00K | 2.00K | 0.00 |
| Gross Profit | 48.11M | 139.58M | 210.00K | -72.00K | -73.00K | -13.00K |
| EBITDA | 47.28M | 103.03M | -4.13M | -1.92M | -2.04M | -1.67M |
| Net Income | 45.92M | 97.34M | -4.17M | -1.99M | -2.11M | -1.68M |
Balance Sheet | ||||||
| Total Assets | 46.10M | 79.91M | 8.17M | 6.91M | 6.58M | 3.12M |
| Cash, Cash Equivalents and Short-Term Investments | 33.77M | 69.35M | 1.39M | 1.19M | 2.37M | 1.28M |
| Total Debt | 0.00 | 3.00K | 32.00K | 96.00K | 196.00K | 62.00K |
| Total Liabilities | 3.34M | 3.04M | 922.00K | 977.00K | 789.00K | 989.00K |
| Stockholders Equity | 39.50M | 73.50M | 6.88M | 5.65M | 5.44M | 2.13M |
Cash Flow | ||||||
| Free Cash Flow | -63.32M | -6.15M | -4.72M | -2.95M | -4.50M | -2.40M |
| Operating Cash Flow | -61.63M | -6.15M | -4.20M | -1.47M | -2.53M | -2.39M |
| Investing Cash Flow | 95.85M | 79.55M | -494.00K | -1.39M | -1.97M | -8.00K |
| Financing Cash Flow | -32.18M | -31.64M | 4.89M | 1.68M | 5.57M | 3.18M |
Indiana Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$17.25M | 2.79 | 34.97% | ― | ― | ― | |
47 Neutral | AU$10.85M | -5.26 | -53.37% | ― | ― | 65.45% | |
45 Neutral | AU$14.17M | 0.31 | 81.27% | 500.00% | -47.40% | -5.05% | |
44 Neutral | AU$15.27M | -2.90 | -33.23% | ― | ― | 60.00% | |
43 Neutral | AU$23.46M | -2.28 | -81.53% | ― | ― | 43.46% |
* Basic Materials Sector Average
AU:IDA
Indiana Resources Limited
0.02
-0.02
-50.00%
AU:GRL
Godolphin Resources Limited
0.02
<0.01
20.00%
AU:SCN
Scorpion Minerals Limited
0.02
<0.01
5.26%
AU:HWK
Alderan Resources Ltd.
0.03
0.02
142.86%
AU:LDR
Lode Resources Ltd
0.09
-0.06
-41.38%
Indiana Resources Limited Corporate Events
Indiana Resources Discloses Director Maja McGuire’s Final Equity Interests After Board Exit
Jul 3, 2026
Indiana Resources Limited has announced the cessation of director Maja McGuire from its board effective 1 July 2026, with a final notice detailing her relevant interests in the company’s securities. The disclosure outlines her holdings of fu...
Indiana Resources director increases indirect shareholding via on-market purchase
Jul 3, 2026
Indiana Resources Limited has disclosed a change in the indirect shareholding of director Bronwyn Barnes, reflecting an on-market acquisition of additional fully paid ordinary shares. The transaction was conducted through Laclos Pty Ltd, an entity...
Indiana Resources appoints David Wheeler, discloses equity-linked incentives
Jul 3, 2026
Indiana Resources Limited has appointed David Wheeler as a director effective 1 July 2026, formally disclosing his initial interests in the company’s securities to the ASX. The filing notes that Wheeler holds no shares directly, but has an i...
Indiana Resources Issues New Unquoted Performance Rights and Options
Jul 2, 2026
Indiana Resources Limited has notified the market of the issue of new unquoted equity securities, comprising 700,000 performance rights and 1.3 million options with expiries in December 2028 and December 2029. These securities, detailed under Appe...
Indiana Resources Plans New Issue of Performance Rights and Options
Jul 1, 2026
Indiana Resources Limited has lodged an Appendix 3B with the ASX detailing a proposed issue of new securities as part of a placement or other type of issuance. The proposal includes up to 700,000 performance rights and a total of 1.3 million optio...
Indiana Resources delays Company Well drilling after weather blocks access
Jun 24, 2026
Indiana Resources has announced further delays to its planned drilling program at the Company Well prospect in South Australia’s Gawler Craton, after severe weather led to road closures that blocked access to the site. With the contracted dr...
Indiana Resources Corrects Director Interest Notice for Chair Bronwyn Barnes
Jun 16, 2026
Indiana Resources Limited has issued a corrected Change of Director’s Interest Notice (Appendix 3Y) for its chair, Bronwyn Barnes, after identifying an error in a version lodged the previous day. The updated filing details Barnes’ dire...
Indiana Resources Secures New Rig After Brief Delay to Gawler Craton Drilling
Jun 16, 2026
Indiana Resources has reported a short delay to its planned reverse-circulation drilling program at the Company Well gold prospect in South Australia, after the originally committed rig became unavailable. The company has quickly secured an altern...
Indiana Resources Issues 12 Million Unquoted Incentive Securities
Jun 3, 2026
Indiana Resources Limited has notified the market of the issue of new unquoted equity securities under its employee incentive scheme. The securities are not intended to be quoted on the ASX, reflecting their role as internal incentives rather than...
Indiana Flags 10km Heavy Mineral Target at Carne Titanium Prospect
Jun 2, 2026
Indiana Resources has highlighted significant heavy mineral potential at its Carne Titanium Prospect in South Australia following an independent technical review. The study identified an untested, roughly 10km-long paleoshoreline within the broade...
Indiana Resources Reshapes Executive Team to Cut Costs and Advance Gawler Exploration
May 29, 2026
Indiana Resources has appointed Tim Slate as Company Secretary and CFO, effective 1 June 2026, replacing outgoing Company Secretary Alex Neuling as part of a broader operational reshuffle. The company also announced the resignation of Chief Operat...
Indiana Resources launches cost-free sale facility for small shareholdings
May 25, 2026
Indiana Resources has introduced a share sale facility for investors holding unmarketable parcels, defined as shareholdings worth less than A$500 based on the 22 May 2026 closing price of A$0.028. Around 495 shareholders, collectively owning 3,394...
Indiana Resources flags larger gold system at Minos as new splay delivers strong hits
Apr 30, 2026
Indiana Resources has reported encouraging early exploration results from its Minos Gold Project in South Australia’s Gawler Craton, confirming gold mineralisation on a newly identified splay off the main Lake Labyrinth Shear Zone at the Ari...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.