INDIANA RESOURCES REPORTS HIGH-GRADE GOLD INTERCEPTS AT MINOS

RC Drilling Extends Gold Mineralisation Beyond 650m Strike

Indiana Resources Limited (ASX:IDA) has announced impressive initial assay results from its recent Reverse Circulation (RC) drilling program at the Minos Prospect within the Central Gawler Craton Exploration Project in South Australia.

Drill hole 24LRC008 delivered the standout result of 1m at 57g/t gold from 210m, confirming significant extensions to the main zone of gold mineralisation. Other notable intercepts include:

8m at 8.90g/t gold from 208m (24LRC008)
12m at 1.08g/t gold from 175m and 1m at 16.4g/t gold from 233m (24LRC010)
19m at 1.34g/t gold from 143m (24LRC011)
6m at 1.59g/t gold from 153m (24LRC014)
17m at 1.27g/t gold from 140m (24LRC015)

These early-stage results confirm the potential for down-dip extensions beyond the current 650m strike length, with mineralisation remaining open to the southeast. Notably, drill hole 24LRC006 also intersected 1m at 1.1g/t gold from 45m, 100m further southeast, indicating promising scope for continued strike extension.

Chief Executive Officer, Lindsay Owler, commented:

The Indiana team is encouraged by the first round of assays received from our extensive RC drilling program at Minos, with early signs demonstrating that we are on the right path to extend the existing 650m zone of gold mineralisation. Looking ahead, these high gold grades and broad intercepts have moved the Company closer towards a commercial gold mining operation at Minos and will provide essential information to move towards a resource.

With diamond drilling underway and further RC results expected to flow over coming weeks, we are looking forward to continuing to build exploration momentum into 2025.