Indiana Resources Limited · ASX:IDA

Indiana Resources — Brisbane Resources Conference (October 2019)

13 slides from Indiana Resources's conference presentation, Oct 17, 2019

1. Slide 1: A New Mali Gold Explorer

   For personal use only A NEW MALI GOLD EXPLORER OCTOBER 2019

2. Slide 2: Disclaimer and Competent Persons' Statements

   For personal use only DISCLAIMER AND COMPETENT PERSONS’ STATEMENTS This presentation (the “Presentation”) has been prepared by Indiana Resources Limited (‘”Indiana”). No party other than Indi ana has authorised or caused the issue of this document, or takes responsibility for, or makes any statement

3. Slide 3: Corporate Snapshot

   For personal use only Corporate Snapshot Capital Structure & Ownership Board & Management Current Share Price 2.5c (ASX close 15-10-19) Bronwyn Barnes - Non-Executive Chair Shares on Issue 183 million* Africa Exp, NED of MOD Resources, Corporate background Market Capitalisation $4.5 million Bob Adam

4. Slide 4: Highly Prospective Mali Land Package

   For personal use only Highly Prospective Mali Land Package  Gold endowed Birimian Greenstone belt  Mali – 3rd largest African gold producer  Belt contains world class multi-million ounce deposits  Geologically similar to WA – similar exploration techniques  Indiana holds strategic position alon

5. Slide 5: Strategic Position in a Proven Belt

   For personal use only Strategic Position in a Proven Belt  Excellent geological address hosting world class mines  Located in highly prospective and prolific gold producing Kenieba Inlier  Multiple major gold projects/ mines include:  Barrick - Loulo, Gounkoto, Massawa, Delya and Sofia  Teranga

6. Slide 6: Outstanding Early Exploration Success

   For personal use only Outstanding Early Exploration Success  Region relatively underexplored  Previous exploration not systematic - many targets remain undrilled  Central area skeletal soil cover and subcrop  Eastern and western parts of licence have shallow soil cover  Soil geochemistry an eff

7. Slide 7: Koussikoto Ouest Drilling

   For personal use only Koussikoto Ouest Drilling  Detailed soil geochemistry covers central and west parts of tenement only  Review of historic geochemistry identified 11 distinct anomalies with peak values up to 10,000ppb  > 20 strike kilometres of significant gold anomalism identified to date 

8. Slide 8: Saboussire JV

   For personal use only Saboussire JV  100km2 permit located adjacent to Kossanto West  Regional gold bearing structures extend into the licence area  Historical government regional soil geochemistry guided initial targets  Regional geochemistry identified several +1,000ppb anomalies that require

9. Slide 9: Kenieko JV – 95% IDA

   For personal use only KENIEKO JV – 95% IDA Drilling confirms anomalism  2018 geochem defines 2km strike of anomalous Au in soil  Artisanal activity to shallow depths validates structures  Access to drill sites restricted by artisanal activity – constrained to either end of major area of interest

10. Slide 10: Ntaka Hill Nickel Sulphide Project – Attractive Option

    For personal use only Ntaka Hill Nickel Sulphide Project – Attractive Option JV Ownership • IDA - 60.36%, Loricatus Resource Investments (Fig Tree) - 25.87% and MMG -13.77% • US$60M collectively spent on project to date Tenement Status • Retention Licences revoked early 2018 • IDA has lodged submiss

11. Slide 11: 2019 Work Programme – Strong Newsflow

    For personal use only 2019 Work Programme – Strong Newsflow REGION ACTIVITY June July Aug Sept Oct Nov Dec Mali Wet Season West Mali - Southern Zone Koussikoto Infill Soil and Rock Chip Geochem DH Collar and Trench GPS Survey RC Drilling Kenieko Soil Geochem AC/RC Drilling West Mali - Northern Zone

12. Slide 12: Positioned For Growth

    For personal use only Positioned For Growth  Strategic ground position in a prolific gold province hosting multiple world class deposits  Highly prospective land package with outstanding results to date  Multiple high priority drill-ready targets  Potential land acquisition/ consolidation opport

13. Slide 13: Contact

    For personal use only Contact Bronwyn Barnes Chairman +61 8 9388 7877 info@indianaresources.com.au www.indianaresources.com.au

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