Indiana Resources Limited · ASX:IDA
Indiana Resources — 121 Mining Investment London 2024
29 slides from Indiana Resources's conference presentation, May 16, 2024
Slide 1: Investor Presentation
For personal use only Investor Presentation 121 Mining Investment London 15-16 May 2024
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation has been prepared by Indiana Resources Limited (Indiana). No party other than Indiana has Important factors that could cause actual results to differ materially from those in forward-looking statements authorised or caused the issue of this document
Slide 3: Disclaimer
Disclaimer For personal use only United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 20
Slide 4: Corporate Snapshot
Corporate Snapshot Indiana Resources (ASX:IDA) For personal use only Shareholder Distribution Board and Management 618,344,195 Shares on Issue 6.8% Bronwyn Barnes Exec Chair 36,975,360 Bob Adam NED Options on Issue Maja McGuire NED 40.0% Kate Stoney CFO & Joint CoSec A$1.3m Josh Merriman Joint CoSec
Slide 5: Investment Highlights
Investment Exploring for Rare Earth Elements plus gold and base metals across a 100% owned portfolio For personal use only 01 02 03 High grade clay REE identified ICSID Award Extensive land package 10km by 4.5km zone identified Currently stands at US$123m Project located in tightly held NW of Minos
Slide 6: Tanzania US$109M ICSID Award
For personal use only Tanzania US$109M ICSID Award
Slide 7: IDA Claims Historic Legal Win
IDA Claims Historic Legal Win Indiana Media Headlines For personal use only I N V E S T O R P R E S E N T A T I O N 7
Slide 8: ICSID Award Highlights
ICSID Award Highlights US$109.5m Award Against Tanzania Positions IDA for Rapid Growth and Re-Rating For personal use only US$109.5m Award Against Tanzania Unanimous finding that Tanzania unlawfully expropriated the Ntaka Hill Nickel Project Tribunal awards compensation of US$109.5M (~A$166M) pl
Slide 9: Claimants Ownership Structure
Claimants Ownership Structure For personal use only I N V E S T O R P R E S E N T A T I O N 9
Slide 10: ICSID Award – Steps Remaining
ICSID Award – Steps Remaining ICSID For personal use only Final ICSID Annulment Annulment Tanzania to Claimants’ Hearing Decision make payment Counter- within 45 days Claimants’ Memorial Rejoinder Tanzania’s Memorial on Tanzania’s Annulment Reply Decision timeframe 15th March 26th April 24th May 21s
Slide 11: Gawler Craton Portfolio
For personal use only Gawler Craton Portfolio
Slide 12: Acknowledgment of country
Acknowledgment of country For personal use only Indiana Resources acknowledges the traditional custodians of the lands on which we work. We pay our respects to the traditional custodians, past, present and emerging, and acknowledge their continuing connection to the lands. Indiana Resources is proud
Slide 13: Gawler Craton Portfolio
Gawler Craton Portfolio Large ownership position in an under-explored province For personal use only 5,713km² district scale ground position in the Central Gawler Craton Under explored landholding with immense upside potential Targeting rare earth elements with advanced high–grade gold and base meta
Slide 14: Gawler Craton Rare Earth Elements
For personal use only Gawler Craton Rare Earth Elements
Slide 15: Rare Earth Elements
Rare Earth Elements Current assays identify high grade clay REE1 Indiana’s assays confirm thick regolith - hosted For personal use only Minos REE Highlights REE mineralisation over a 10km strike length 26m @ 4,767ppm TREO from 46m including: Including @ ppm TREO Including @ ppm MREO 5m 16,706 (1.67%
Slide 16: Minos REE Summary
Minos REE Summary Minos REE Prospect Southern Area Perspective Stacked Sections For personal use only Follow up RC drilling scheduled for June quarter to further test Gold and REE targets I N V E S T O R P R E S E N T A T I O N 16
Slide 17: Beneficiation Test Work Produces 4.2% TREO Concentrate
Beneficiation Test Work Produces 4.2% TREO Concentrate For personal use only Recent metallurgical test work conducted on “mid-grade” (0.43% TREO) clay hosted REE material has yielded exceptional outcomes. These findings significantly enhance Indiana’s prospects for advancing its REE project. • Wet s
Slide 18: Gawler Craton High Grade Gold
For personal use only Gawler Craton High Grade Gold
Slide 19: Gold – Multiple Drill Ready Targets
Gold – Multiple Drill Ready Targets Sparse, historic drilling highlights significant exploration upside1 For personal use only Pipeline of targets include Minos @ g/t Au Ariadne @ g/t Au 35m 7.08 11m 2.44 21m 8.43 6m 4.05 20m 7.31 9m 2.61 5m 24.35 Boomerang @ g/t Au 26m 4.28 4m 4.14 12m 9.06 2m 16.6
Slide 20: Lake Labyrinth Shear Zone
Lake Labyrinth Shear Zone Fertile gold structure with 50km strike, provides significant discovery potential For personal use only Initial drilling at Minos and Ariadne highlights potential for significant exploration upside +14,000m of RC Majority of LLSZ and DD, 7,700m AC remains untested drilling
Slide 21: Harris Greenstone Domain
Harris Greenstone Domain Historic drilling highlights strong Au, Zn, Ni and Co potential1 For personal use only Recent technical review highlights targets Prospective Archaean greenstones 120km interpreted strike length of greenstone belt within tenure Native Title Agreement registered July 2022 1 R
Slide 22: Contact
For personal use only Contact Bronwyn Barnes – Executive Chair John Fitzgerald – Commercial Manager info@indianaresources.com.au www.indianaresources.com.au Level 2, 50 Kings Park Rd West Perth WA 6005
Slide 23: Gawler Craton Appendices
For personal use only Gawler Craton APPENDICES
Slide 24: 10km Rare Earths Strike Length – TREO Highlights
10km Rare Earths Strike Length TREO Highlights @ ppm TREO For personal use only 26m 4,767 from 46m 20m 4,021 from 24m 37m 1,687 from 32m 35m 1,483 from 36m 32m 1,444 from 56m 23m 1,974 from 32m 20m 2,242 from 28m 26m 1,656 from 49m 40m 1,047 from 14m 33m 1,250 from 23m I N V E S T O R P R E S E N T
Slide 25: 10km Rare Earths Strike Length – MREO Highlights
10km Rare Earths Strike Length MREO Highlights @ ppm MREO For personal use only 26m 1,894 from 46m 20m 1,684 from 24m 26m 622 from 49m 21m 749 from 56m 37m 419 from 32m 35m 428 from 36m 32m 423 from 56m 23m 546 from 32m 33m 317 from 25m 22m 454 from 26m I N V E S T O R P R E S E N T A T I O N 25
Slide 26: Minos Drilling Highlights
Minos Drilling Highlights +600m strike extent 88 RC/DD drillholes completed by Indiana for 13,812m Results confirm geological interpretation For personal use only Reinforces LLSZ is a significant gold bearing system 1 @ g/t Au Including @ g/t Au 35m 7.08 from 29m 16m 13.12 21m 8.43 from 176m 1m 159
Slide 27: Emerging Ariadne Prospect
Emerging Ariadne Prospect 14 RC holes completed by Indiana for 1,659m For personal use only RC programme focused on confirming the historical results and broadening exploration on LLSZ 1 Open to NW and SE @ g/t Au Including @ g/t Au 10m 2.24 from 9m 1m 13.4 5m 3.59 from 49m 9m 2.61 from 131m 1m 9.5
Slide 28: Gawler Craton Base Metal and VMS Targets
For personal use only Gawler Craton Base Metal and VMS Targets
Slide 29: VMS Targets within Hopeful Hill Greenstone Belt
VMS Targets within Hopeful Hill Greenstone Belt Review highlighted potential for VMS Zn-Cu mineralisation1 For personal use only Review completed by leading industry expert Dr Jon Hronsky AOM $255k South Australian Government grant secured to advance VMS targets Large-scale 17km zone of zinc anomali
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