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Indiana Resources (IDA) investor relations material
Indiana Resources Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
RC and diamond drilling at Minos Prospect extended gold mineralisation, with significant intercepts including 4m @ 13.0 g/t Au and 21m @ 2.31 g/t Au, defining the prospect over 650m of strike and up to 380m depth, remaining open for further exploration.
Infill calcrete sampling at Ariadne and Company Well prospects identified strong gold anomalies, with peak values up to 3,350 ppb Au, supporting the next phase of air-core drilling targeting these areas.
Rare earth element (REE) analysis at Minos revealed localised enrichment, with up to 16m @ 0.106% TREO, indicating additional mineralisation potential.
A $0.05 per share capital return (A$32.2 million) was distributed to shareholders following approval, and key management appointments were made to drive strategic growth.
Financial highlights
Closing cash balance at 30 September 2025 was A$35.3 million, including USD12.26M preserved pending arbitration outcomes.
Net cash outflows for the quarter included A$1.03 million for exploration, A$0.78 million for administration, and A$0.2 million for staff costs.
Interest income for the quarter was A$406,000.
Capital return of A$32.2 million completed in August 2025.
Outlook and guidance
Approximately 7,000m of air-core drilling underway at Ariadne, Company Well, and regional targets, with further RC drilling and aeromagnetic survey analysis planned for the December quarter.
Pending assay results from diamond drilling at Minos expected to refine geological models and guide future exploration.
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