Indiana Resources Limited · ASX:IDA
Indiana Resources — AMEC Investor Forum (June 2024)
23 slides from Indiana Resources's conference presentation, Jun 5, 2024
Slide 1: Investor Presentation – AMEC, 4th June 2024
For personal use only Investor Presentation AMEC – 4 th June 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: 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 4: 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 5: Tanzania US$123m ICSID Award
For personal use only Tanzania US$123m ICSID Award
Slide 6: 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 6
Slide 7: ICSID Award Highlights
ICSID Award Highlights US$123m 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) plus
Slide 8: Background to the Dispute
Background to the Dispute For personal use only July 2017 – Changes to the Mining Code March 2018 – Changes clarified – license has returned to the State New Mining Commission would negotiate an alternative form of tenure March 2018 – Dec 2019 – ongoing discussions on alternative tenure 19
Slide 9: Background to the Dispute cont'd
Background to the Dispute cont’d For personal use only July 2023 - Tanzania requests annulment hearing –final annulment hearing scheduled for 26 July 2024 Enforcement activities stayed pending decision on Annulment Award enforceable in any jurisdiction that is a signatory to the World Bank C
Slide 10: Claimants Ownership Structure
Claimants Ownership Structure For personal use only MMG Exploration Indiana Resources Ltd Holdings Ltd (Australia) (Honk Kong) 16.3% 83.7% Nachingwea UK Ltd Loricatus Resources (United Kingdom) Investments (Mauritius) 82% 18% Ntaka Nickel Holdings Ltd (United Kingdom) 99.99% Parties to Nachinwea the
Slide 11: 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 12: Gawler Craton Portfolio
For personal use only Gawler Craton Portfolio
Slide 13: 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 14: 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 15: Gawler Craton Rare Earth Elements
For personal use only Gawler Craton Rare Earth Elements
Slide 16: 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 17: 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 17
Slide 18: 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. • Wet screening of the minus 150 micron fractions upgraded the clay mineralisation to 0.53% TRE
Slide 19: Gawler Craton High Grade Gold
For personal use only Gawler Craton High Grade Gold
Slide 20: 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 21: 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 22: 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 ‘22 1 Re
Slide 23: 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