Indiana Resources Limited · ASX:IDA
Indiana Resources — Investor Presentation (August 2019)
15 slides from Indiana Resources's investor presentation, Aug 20, 2019
Slide 1: An Emerging West African Gold Explorer
AN EMERGING WEST AFRICAN GOLD EXPLORER AUGUST 2019
Slide 2: 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 u
Slide 3: Highly Prospective Mali Land Package
Highly Prospective Mali Land Package § Gold endowed Birimian Greenstone belt § Mali – 3rd largest African gold producer § Belt contains world class multi-million ounce deposits § Indiana holds strategic position along two highly prospective and proven mineral corridor § Extensive geological database
Slide 4: Strategic Position in a Proven Belt
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 - Sabodala, Gora & Ma
Slide 5: Outstanding Early Exploration Success
Outstanding Early Exploration Success § Region remains underexplored § Limited historical systematic exploration - many targets remain undrilled § Eastern and western parts of licence have shallow soil cover § Soil geochemistry an effective & cheap method of defining significant untested targets § ‘
Slide 6: Koussikoto Ouest Drilling
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 10g/t Au § >20km strike of significant gold anomalism identified to date § Anomalies range 1km to 9km (lengt
Slide 7: The Edge
“The Edge” § Target defined initially by surface trenching § Coincident low level soil anomaly § Initial RC and diamond drilling completed § Historic drilling intersected significant mineralisation along 500m NNW structure § 200m long high-grade zone identified § Recent drilling confirmed significan
Slide 8: The Edge
“The Edge” § High-grade subvertical to east dipping structure § Significant mineralisation originally intercepted in surface trench § Follow up RC and diamond drilling confirmed grade and continuity § Infill drilling by IDA confirmed significant width of mineralisation § Target open at depth and dow
Slide 9: Saboussire JV
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 follow up § Soil sampl
Slide 10: Kenieko JV – 95% IDA
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 Follow-up planned § Ma
Slide 11: Ntaka Hill Nickel Sulphide Project – Attractive Option
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 withdrawn early 2018 § IDA has lodged submission requesting prosp
Slide 12: 2019 Work Programme – Strong Newsflow
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 Saboussire Soil and Ro
Slide 13: Positioned For Growth
Positioned For Growth ü Strategic ground position in a prolific gold province hosting multiple world class deposits ü Highly prospective land package with outstanding results to date ü Multiple high priority drill-ready targets ü Potential land acquisition/ consolidation opportunities ü Experienced
Slide 14: Corporate Snapshot
Corporate Snapshot Capital Structure & Ownership Board & Management Current Share Price (as at 16 August 2019) 2.1 cents Bronwyn Barnes - Non-Executive Chair Shares on Issue 148M Africa Exp, NED of MOD Resources, Corporate background Market capitalisation $3.1M Bob Adams - Non-Executive Director Cas
Slide 15: Contact
Contact Bronwyn Barnes Chair +61 8 9388 7877 info@indianaresources.com.au www.indianaresources.com.au
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