Indiana Resources Limited · ASX:IDA
Indiana Resources — Investor Presentation (October 2023)
25 slides from Indiana Resources's investor presentation, Oct 18, 2023
Slide 1: Investor Presentation
For personal use only Investor Presentation Successful US$109.5m Award Against Tanzania South Australian Exploration Strategy OCTOBER 2023
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 538,676,061 Shares on Issue 7.5% Bronwyn Barnes Exec Chair 29,500,000 Bob Adam NED Options on Issue David Ward NED 35.2% Maja McGuire NED A$1.18m Kate Stoney CFO & Joint CoSec Cash As o
Slide 5: Investment Highlights
Investment 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$160M) plu
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 Arbitration
ICSID Arbitration For personal use only • ICSID – The International Centre for Settlement of Investment Disputes – a division of the World Bank • ICSID Award handed down 14 July 2023 – Unanimous finding and award of US$109 million • Interest continues to accrue at rate of US$1 million per month • Cu
Slide 8: The Claimants – NUKL, NNHL and NNL
The Claimants – NUKL, NNHL and NNL Blue Shading - Entities Involved in Current Shareholder Dispute For personal use only Shareholder Dispute - Background • Relates to failure of LRI to meet a cash call in October 2022 • If NUKL is successful in arbitration, NUKL’s shareholding will increase to 85% •
Slide 9: Gawler Craton Portfolio
For personal use only Gawler Craton Portfolio
Slide 10: 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 11: 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 12: Gawler Craton Rare Earth Elements
For personal use only Gawler Craton Rare Earth Elements
Slide 13: 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 14: 10km Rare Earths Strike Length – TREO Highlights
10km Rare Earths Strike Length TREO Highlights For personal use only @ ppm TREO 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 15: 10km Rare Earths Strike Length – MREO Highlights
10km Rare Earths Strike Length MREO Highlights For personal use only @ ppm MREO 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 15
Slide 16: Gawler Craton High Grade Gold
For personal use only Gawler Craton High Grade Gold
Slide 17: Gold – Multiple Drill Ready Targets
Gold – Multiple Drill Ready Targets Sparse, historic drilling highlights significant exploration upside1 Pipeline of targets include For personal use only 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 18: 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 19: 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 20: 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 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 ‘22 1 Re
Slide 22: Gawler Craton Base Metal and VMS Targets
For personal use only Gawler Craton Base Metal and VMS Targets
Slide 23: 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
Slide 24: Investment Summary
Investment Summary Exploring for Rare Earth Elements plus gold and base metals across a 100% owned portfolio For personal use only 01 03 05 Extensive land package REE Exploration Upside Gold Optionality Project located in tightly held Large untested land package High grade gold results Central Gawle
Slide 25: Contact
For personal use only Contact Bronwyn Barnes Executive Chair info@indianaresources.com.au www.indianaresources.com.au Level 2, 50 Kings Park Rd West Perth WA 6005
Indiana Resources — Investor Presentation (October 2023) on 6ix