Indiana Resources (IDA) Q3 2025 TU earnings summary

Executive summary

• Consolidated cash position at AU$71 million as of 11 April 2025, bolstered by final US$30 million settlement from Tanzania.

• Significant gold exploration progress at Minos, with high-grade assays and extension of Main Zone to 380m depth.

• Preparation underway for maiden JORC Resource estimate at Minos; drilling to recommence in late April 2025.

• Titanium source rocks identified at Carne, with follow-up drilling planned for 2025.

Financial highlights

• Cash at bank of approximately AU$21.8 million at 31 March 2025; consolidated cash position AU$71.6 million as of 11 April 2025.

• Major cash inflows from US$30 million Tanzania settlement; outflows include AU$0.4 million in admin/corporate costs and AU$1.28 million in exploration for the quarter.

• Net cash from operating activities for the quarter was an outflow of AU$1.73 million.

• Net cash from investing activities for the quarter was an inflow of AU$59.8 million, primarily from settlement proceeds.

• Net cash from financing activities was an outflow of AU$31.6 million for the quarter.

Outlook and guidance

• Drilling at Minos to recommence in late April 2025, with maiden JORC Resource estimate in preparation.

• Airborne magnetic survey to begin in late April 2025, targeting multiple gold and base metal prospects.

• Capital return to shareholders proposed, pending ATO ruling and shareholder approval.

• Follow-up drilling at Carne Titanium Prospect prioritized for 2025 exploration program.