Indiana Resources Limited · ASX:IDA
Indiana Resources — Investor Presentation (July 2016)
20 slides from Indiana Resources's investor presentation, Jul 6, 2016
Slide 1: Gold exploration in Tanzania
Gold exploration in Tanzania For personal use only July 2016
Slide 2: Starting Strongly: Strategy reset, exploration under way
INDIANA RESOURCES – Starting Strongly Strategy reset, exploration under way • Focus is gold exploration in Tanzania For personal use only • Starting with a solid asset base of exploration and development projects in Tanzania • New capital structure following a 1:50 consolidation • The company cost b
Slide 3: A new company under new management
INDIANA RESOURCES – Starting Strongly A new company under new management Campbell Baird Managing Director For personal use only A mining executive who has been part of the Australian and global mining industry for over 25 years. During his 4 years of tenure as CEO at Focus Capital Structure Minerals
Slide 4: Tanzanian focus on gold and nickel
TANZANIAN FOCUS ON GOLD AND NICKEL • The Indiana team are custodians of: For personal use only • Kishugu gold target • Naujombo gold target • Ntaka Hill nickel project • Nanyindwa nickel-copper prospect • Misikisi nickel-copper prospect • Substantial datasets from a decade of exploration campaigns •
Slide 5: A new gold province in Tanzania
A NEW GOLD PROVINCE IN TANZANIA Kishugu / Naujombo gold targets For personal use only Location of Kishugu and Naujombo • Two large drill ready anomalies • Each anomaly ~6km x 600 m • Anomalies are 35 km apart and sit on a common structural corridor • Kishugu soil sampling results up to 0.9 g/t along
Slide 6: Kishugu: Extensive gold-in-soil anomaly
KISHUGU Extensive gold-in-soil anomaly – Work-to-date • Measures 6km by 600m @ +10ppb IP Conductivity, gold in surface soils and location of planned drill lines2 For personal use only with significant higher soils values within the main trend1 • Soil sampling on 400m x 200m centres over main trend •
Slide 7: Naujombo: Developing gold-in-soil anomaly
NAUJOMBO Developing gold-in-soil anomaly Naujombo soil sampling1 • 6km x 1km soil anomaly For personal use only • Located ~35km north-east of Kishugu • Similar structural setting to Kishugu • Similar geochemical and geophysical signature to Kishugu • Niton analysis shows arsenic levels most closely
Slide 8: Kishugu and Naujombo: Work underway
KISHUGU AND NAUJOMBO Work underway • In-fill soil sampling is underway at Naujombo For personal use only • Gradient Array Induced Polarisation (GAIP) work underway at Naujombo • Priority drill targets identified at Kishugu • Current work at Naujombo will guide drill programs • RAB drill programs to
Slide 9: Ntaka Hill Nickel Project
Ntaka Hill Nickel Project (60% and project manager) Re-evaluation of a smaller mine option may add significant value • High-grade lower capex project identified Ntaka Hill Resource model showing a 0.75% Ni cut-off1 For personal use only and scoped • High-grade core within existing 2013 JORC Resource
Slide 10: Ntaka Hill offers significant opportunity
Ntaka Hill Ntaka offers significant opportunity • An immediate head start over the For personal use only majority of its global competitors in the nickel industry Significant high-grade intersections at Ntaka Hill since 2006 • Control of a project with a desirable commodity in a stable jurisdiction
Slide 11: Regional exploration opportunity
REGIONAL EXPLORATION OPPORTUNITY Substantial exploration data set with limited drilling • Historical focus and significant expenditure Regional soil sampling programs since 2006 For personal use only on nickel exploration • Significant datasets from multiple exploration campaigns • Over 68,000 surfa
Slide 12: Misikisi and Nanyindwa: Early stage nickel sulphide targets
MISIKISI AND NANYINDWA Early stage nickel sulphide targets • Misikisi1 Misikisi soil geochemistry historical program results For personal use only • Up to 3.1% Ni in Niton surface samples • Wide sampling on a 400 x 200m grid • Geochemistry infers ultramafic host rock present • Nanyindwa • Ni and Cu
Slide 13: Indiana in Tanzania
INDIANA IN TANZANIA Experienced country manager, established physical presence • Established presence in region through many years For personal use only of exploration work at Nachingwea • Sound existing relationships with local communities • History of investment in local communities – water bores,
Slide 14: Sound investment case
INDIANA RESOURCES Sound investment case • New company under new management For personal use only • Compelling valuation (EV under A$3m; cash ca. $0.7M) • Indiana is firmly focussed on maximising dollars in the ground • A new capital structure with a supportive shareholder base who want to see explor
Slide 15: Appendix A – JORC 2012 Table One Reporting
APPENDIX A – JORC 2012 Table One Reporting Section 1. Sampling Techniques and data Criteria Explanation For personal use only Sampling techniques • Soil samples collected using a clean hoe from the top of the “B” soil horizon, numbered and bagged before being air dried, sieved to 80 mesh (177 micron
Slide 16: Appendix A – JORC 2012 Table One Reporting (cont.)
APPENDIX A – JORC 2012 Table One Reporting (cont.) Section 2. Reporting of exploration results Criteria Explanation For personal use only Mineral tenement and land tenure • The exploration results reported in this announcement are from work carried out on granted prospecting licence PL 6161/2009, wh
Slide 17: Appendix B – Kishugu test pitting
APPENDIX B – KISHUGU TEST PITTING For personal use only • Seven Test pits , dug to depth of 7m Gold (PPB) in Channel Samples from test pits1 to 9m • Six situated on different targets within the anomaly • Seventh control pit located outside the anomaly • Depth of cover (4-5m) has made trenching too e
Slide 18: Appendix C: Ntaka Mineral Resource
APPENDIX C: NTAKA MINERAL RESOURCE Project Mineral Resources by Mineralised Zone as at 19 August 20131 Category Tonnes (000’s) %Ni %Cu %Co Contained Ni (Tonnes) For personal use only J Zone at 0.2%Ni cut off Measured 845 1.67 0.25 0.06 14,100 Indicated 108 0.42 0.09 0.02 500 M+I 953 1.53 0.23 0.06 1
Slide 19: Competent Person's Statement and disclaimer
Competent Person’s Statement and disclaimer • This presentation (the “Presentation”) has been prepared by Indiana Resources Limited (“Indiana”). No party other than Indiana has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or u
Slide 20: Campbell Baird, Managing Director
For personal use only Campbell Baird Managing Director Suite 4, Level 1, 2 Richardson Street West Perth WA 6005 Telephone: +61 8 9388 7877 Facsimile: +61 8 9382 2399 www@indianaresources.com.au www.indianaresources.com.au 20
Indiana Resources — Investor Presentation (July 2016) on 6ix