INDIANA RESOURCES REPORTS HIGH-GRADE GOLD INTERSECTIONS AT MINOS

Minos Prospect Drilling Returns Assays Up to 25.9 g/t Gold

Indiana Resources Limited (ASX: IDA) has announced significant assay results from its June 2024 Reverse Circulation (RC) drilling campaign at the Minos Prospect, part of the company’s 100% owned Central Gawler Craton Gold Project in South Australia.

Key highlights from the drilling include:

26m @ 1.66g/t Au from 33m, including 1m @ 10.1g/t Au from 35m
6m @ 5.26g/t Au from 43m, including 1m @ 17.3g/t Au from 44m
3m @ 10.3g/t Au from 68m, including 1m @ 25.9g/t Au from 69m

The drilling successfully intersected the main mineralised zone and confirmed additional mineralisation in a parallel zone at the northwest end of the Minos prospect. To date, the drilling has outlined a 600-metre strike extent of shallow, near-surface gold mineralisation that remains open in all directions.

Further RC drilling is scheduled for September to extend the exploration coverage.

Company Comment – Executive Chair Bronwyn Barnes:

Minos continues to deliver strong, high-grade gold results that demonstrate parallel lode repetitions across strike and to the south of the prospect area, and remains open in all directions. With the Company now strongly funded, we will be accelerating exploration activity at Minos, and across the broader LLSZ project area, over the coming months. Assay results for REE and at Hopeful Hill remain outstanding. A further announcement will be made when these results are received and collated.

I look forward to seeing the full value of our projects in the Central Gawler Craton demonstrated for shareholders in the future, and we will be releasing details of our expanded exploration programme in due course. As we ramp up exploration activity, we expect strong news flow in the foreseeable future.