4m at 13.0 g/t Gold Highlights Minos Project’s Growing Potential

Strong Gold Results Confirm Minos Potential

Indiana Resources Limited has delivered another round of encouraging exploration results from its flagship Minos Gold Project in South Australia’s Central Gawler Craton. The latest assays from reverse circulation (RC) drilling include a standout intercept of 4 metres at 13.0 grams per tonne (g/t) gold, reinforcing the prospect’s reputation for high-grade mineralisation.

The Minos prospect lies within the Lake Labyrinth Shear Zone, a prolific structural corridor extending over 50 kilometres across Indiana’s tenure. Recent drilling has successfully extended known gold mineralisation both to the south-east and north-west, with multiple intercepts demonstrating consistent grades and widths that suggest a robust mineralised system.

Calcrete Sampling Spurs New Targets at Ariadne and Company Well

Complementing the drilling success at Minos, infill calcrete sampling at the nearby Ariadne and Company Well prospects has revealed strong gold anomalism, with several samples exceeding 1,000 parts per billion (ppb) gold and a peak result of 3,000 ppb (3 g/t). These geochemical signals have prompted Indiana to ramp up exploration efforts with a planned air-core (AC) drilling program of approximately 7,000 metres, designed to test these newly defined targets.

This expanded AC drilling campaign, increased from initial plans, will focus on delineating the extent of gold mineralisation beneath transported cover, which has historically hindered conventional soil sampling methods. The program also includes testing at the Partridge prospect further along the shear zone, highlighting Indiana’s systematic approach to exploring the broader Lake Labyrinth corridor.

Awaiting Diamond Drilling Assays and Rare Earth Insights

While RC drilling results have been impressive, assays from seven diamond drill tails targeting potential high-grade plunge orientations at depth remain pending. These results are eagerly anticipated as they will provide critical information on the vertical continuity and grade distribution of the mineralised system, potentially unlocking deeper zones of economic interest.

Additionally, preliminary rare earth element (REE) analyses from Minos have identified localized enrichment, with some intervals exceeding 0.1% total rare earth oxides. Though early, these findings add a compelling dimension to the project’s exploration narrative, given the growing demand for REEs in technology and clean energy sectors.

Strong Financial Position Supports Aggressive Exploration

Indiana Resources remains well-capitalised with approximately $37 million in cash and no debt, positioning the company to aggressively advance its exploration programs. Managing Director Matthew Bowles expressed optimism about the ongoing drilling campaigns and the potential for further discoveries that could underpin future resource growth.

As the company progresses through this pivotal phase, market participants will be watching closely for the diamond drilling results and the outcomes of the expanded air-core program, both of which could significantly enhance the project’s valuation and strategic appeal.