Indiana Resources Limited · ASX:IDA
Indiana Resources — Investor Presentation (May 2017)
14 slides from Indiana Resources's investor presentation, May 12, 2017
Slide 1: Exploration and Development in Tanzania
Exploration and Development in Tanzania For personal use only May 2017 Po – Pyrrhotite, Pn – Pentlandite, Py – Pyrite, Cp - Chalcopyrite
Slide 2: A Compelling Value Proposition
A Compelling Value Proposition • Cash position at 30 April of $1.55M and enterprise value of $4.8 M For personal use only • Great capital structure (53 million shares), low cost company structure Compelling Valuation • New Board, Chair and experienced management team. • Tanzania is providing solid o
Slide 3: Tanzania – Excellent modern existing infrastructure
Tanzania – Excellent modern existing infrastructure Roads and Port for Gold and Nickel Access to existing infrastructure • Ntaka Hill to Mtwara Port is ~ 200km, predominantly sealed For personal use only • Existing airport at Nachingwea ~ 30km from Ntaka Hill • Commercial deep water port with signif
Slide 4: The Indiana Team
The Indiana Team For personal use only Campbell Baird, Managing Director A mining executive who has been part of the Australian and Capital Structure global mining industry for over 25 years. ASX Code IDA Bronwyn Barnes, Chair Issued Capital (shares) 53.9M Ms Barnes has had an extensive career in th
Slide 5: Kishugu and Naujombo Gold Projects
Kishugu and Naujombo Gold Projects • Large scale gold systems For personal use only • Significant zones of gold anomalism • High probability that best mineralisation not yet intersected • Drilling to commence in June 2017 • Drilling to test best ranked zones at Kishugu and Naujombo • 2015 soil sampl
Slide 6: Naujombo – extensive gold mineralisation
Naujombo – extensive gold mineralisation For personal use only • September 2016 - maiden drilling programs • 9 widely spaced lines of RAB drilling completed (>1km) • Designed as reconnaissance programs - anomalous gold in bedrock was intersected on each line of drilling over the 9.5km of strike (ASX
Slide 7: Kishugu – Testing a Geophysical Target
Kishugu – Testing a Geophysical Target For personal use only • September 2016 - 4 widely spaced lines (>1km) of RAB drilling completed, • Strong anomalous gold in bedrock intersected on each line of drilling over 4.5km of strike (ASX announcement 12 October 2016) • Follow-up drilling planned for Jun
Slide 8: Re-imagining Ntaka Hill (60% owner and manager)
Re-imagining Ntaka Hill (60% owner and manager) Ntaka underpins the Indiana valuation – For personal use only But it can be so much more! • Previous studies in 2012 based on large tonnes, lower grade scenarios • Now focussed on high-grade near surface core ~ 600m within existing 2013 JORC Resource •
Slide 9: High-grade, low capex open pit options
High-grade, low capex open pit options • Opportunities at Ntaka Hill from the large, Ntaka Hill resource model showing a 0.75% Ni cut-off1 For personal use only existing Mineral Resource • Focused on high-grade core within existing 2013 JORC Resource • A high-grade open pit is the priority • High-gr
Slide 10: Regional Nickel Potential
Regional Nickel Potential Regional potential to be reviewed as to how it For personal use only can add incremental value to Ntaka Hill Interpreted D2 fold hinge Lionja Project • Recent mapping suggests that Lionja is along the same folded D2 Structure • Large data package of geophysics, geochemistry
Slide 11: Indiana in Tanzania - 2017
Indiana in Tanzania - 2017 • Indiana has an extensive corporate presence in Tanzania • For personal use only We have been operating as an exploration business in-country for over 10 years • We have developed a strong social license to operate • We have invested in excess of US$50 million in goods an
Slide 12: Indiana driving forward in 2017
Indiana driving forward in 2017 • Compelling valuation For personal use only • Cash of $1.55M (30 April 2017), Enterprise Value $4.8M • IDA team has a skill set in identifying, acquiring, exploring and developing projects • New Chair very focused on Indiana’s value proposition to shareholders • Tanz
Slide 13: Disclaimer and Competent Persons’ Statements
Disclaimer and Competent Persons’ Statements • 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
Slide 14: For personal use only
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 14