Indiana Resources Limited · ASX:IDA
Indiana Resources — Africa Down Under 2018
19 slides from Indiana Resources's conference presentation, Aug 30, 2018
Slide 1: An Exciting Future In Mali
For personal use only ASX: ID A An Exciting Future In Mali CORPORATE PRESENTATION AUGUST 2018 www.indianaresources.com.au
Slide 2: Disclaimer and Competent Persons' Statements
For personal use only ASX: ID A 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
Slide 3: The Right Team Is Well Positioned For Growth
ASX: ID A INDIANA For personal use only The Right Team IS WELL ■■ The Indiana team has a skill set in identifying, acquiring and exploring projects POSITIONED ■■ Mukuyu team retained – strong capability in Mali ■■ New CEO has extensive African exploration and BD experience FOR GROWTH Transitioning t
Slide 4: The Indiana Footprint
ASX: ID A THE INDIANA FOOTPRINT For personal use only Tightly held share CAPITAL STRUCTURE registry ASX CODE IDA ISSUED CAPITAL (SHARES) 96M MARKET CAPITALISATION A$5.2M Remainder Other of Top 20 shareholders CASH (30/06/2018) 1 ca. A$0.8M 29% 32% ENTERPRISE VALUE $4.4M Top 3 NO. OPTIONS 5.1M shareh
Slide 5: The Indiana Team
ASX: ID A THE INDIANA TEAM For personal use only Chris van Wijk Bronwyn Barnes Chief Executive Officer Chair Chris is a qualified geologist with Ms Barnes has had an extensive extensive exploration experience career in the resources sector, having across Africa. He has a proven worked with companies
Slide 6: Strategic Focus on Mali and West Africa
ASX: ID A STRATEGIC FOCUS ON MALI For personal use only AND WEST AFRICA Driven by Geology ■■ Extensive Birimian Greenstone stratigraphy ■■ A premier gold province – 3rd in current endowment ■■ >10,000 metric tonnes of Gold discovered to date (Goldfarb, 2017) ■■ Geologically similar to WA – what work
Slide 7: Foundations in a Tightly Held Province
ASX: ID A FOUNDATIONS IN A TIGHTLY For personal use only HELD PROVINCE Aiming to grow the footprint ■■ Indiana acquired 100% of Mukuyu Resources ■■ All share deal with Mukuyu major shareholder ■■ Holding 8% of Indiana and buying on market ■■ Indiana retained in-country team and assets ■■ 2 licences:
Slide 8: Koussikoto Geology
ASX: ID A KOUSSIKOTO GEOLOGY For personal use only Most geology under cover ■■ Outcrop and artisanal mining is on central area (dark green) ■■ Eastern and western parts of licence have shallow cover ■■ Soil geochemistry is of limited use ■■ Geophysics works well in this terrane to guide exploration
Slide 9: Koussikoto Geophysics
ASX: ID A KOUSSIKOTO GEOPHYSICS For personal use only Step-out geophysics works well ■■ Resistivity outlines stratigraphy ■■ Used to delineate structures and can directly target chargeable anomalies ■■ Historical data suggests additional prospectivity in NW corner of Koussikoto license ■■ 2nd half o
Slide 10: Koussikoto – Encouraging Early Results
ASX: ID A KOUSSIKOTO – ENCOURAGING For personal use only EARLY RESULTS Targeting strategy successful ■■ 3900m completed at Koussikoto and 400m at Kenieko ■■ Highlights from Koussikoto include1: —— 18m @ 3.35 g/t Au —— 4m @ 2.16 g/t Au —— 5m @ 4.86 g/t Au —— 8m @ 3.37 g/t Au Follow-up planned ■■ Geop
Slide 11: Kenieko – Limited Access to Main Anomaly
ASX: ID A KENIEKO – LIMITED ACCESS TO For personal use only MAIN ANOMALY Recent drilling shows anomalism ■■ 1km of anomalous Au in soil1 ■■ Access to drill restricted by artisanal activity Planned Q4 2018 work ■■ Follow-up drilling ■■ Full geochemistry coverage ■■ Ongoing Project Evaluation 1. ASX a
Slide 12: Tanzania - Confident of a Positive Outcome
ASX: ID A TANZANIA - CONFIDENT OF A For personal use only POSITIVE OUTCOME Engaging with government ■■ Ntaka Hill formerly held under a Retention License ■■ Submission lodged in Feb 18 to seek approval to apply for a Mining License ■■ A Prospecting License has also been applied for ■■ Indiana has a
Slide 13: 2017 Scoping Study Shows Robust Economics
ASX: ID A 2017 SCOPING STUDY 2017 For personal use only Scoping Study completed SHOWS ROBUST Scoping Study provides important Proof of ECONOMICS Concept for potential investors ■■ Scoping Study completed by Battery Limits ■■ Study targets low CAPEX high grade >1.5% >1.0% >0.4% operation ■■ Excellent
Slide 14: Significant Value in Ntaka Hill
ASX: ID A SIGNIFICANT VALUE Several For personal use only parties interested in the asset IN NTAKA HILL ■■ Key Attributes: —— Existing High Grade Resource MMG —— Low CAPEX development option 10% —— Favourable outlook for Tier 1 Nickel ■■ Various transaction structures considered ■■ Opportunity to si
Slide 15: Exploration Potential to Add Value to Ntaka
ASX: ID A EXPLORATION POTENTIAL TO For personal use only ADD VALUE TO NTAKA Interpreted Lionja Project D2 fold hinge ■■ Mapping suggests Lionja is along the same folded structure. ■■ Large data package of geophysics and geochemistry not yet fully investigated. ■■ Limited drilling resulted in promisi
Slide 16: Naujombo – Extensive Gold Mineralisation
ASX: ID A NAUJOMBO – EXTENSIVE GOLD For personal use only MINERALISATION 1 ■■ 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
Slide 17: Kishugu – Testing a Geophysical Target
ASX: ID A KISHUGU – TESTING A For personal use only GEOPHYSICAL TARGET ■■ 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 strike1 ■■ Exploration on hold until Ntaka tenure is resolved 1. A
Slide 18: Indiana Outlook Is Positive
ASX: ID A INDIANA OUTLOOK IS POSITIVE For personal use only Company Structure Exposure to Mali Gold ■■ Tight capital structure (96 million shares) ■■ Koussikoto providing promising results requiring follow-up ■■ Sophisticated investor support (39%) ■■ Highly prospective land package in Western Mali
Slide 19: An Exciting Future In Mali – Contact Details
For personal use only ASX: ID A An Exciting Future In Mali C O N TA C T D E TA I L S Chris van Wijk Chief Executive Officer Suite 4, Level 1, 2 Richardson Street West Perth WA 6005 T: + 61 8 9388 78877 E: cvanwijk@indianaresources.com.au www.indianaresources.com.au