Company Overview

Company Overview

About Indiana

Indiana Resources is an Australian minerals exploration company that holds a tenement package in south-east Tanzania. This is a strategically significant land package, providing an outstanding exploration opportunity in a relatively unexplored region of the highly prospective Mozambique belt and includes the Kishugu and Naujombo Gold Targets, the Ntaka Hill Nickel Project (356,000 tonnes of contained Ni) and other precious and base metals exploration prospects.

Indiana has an experienced board and management team with specific skills in African based project development, exploration, mining and processing. Tanzania is a stable democracy, with a globally competitive tax and regulatory regime and the Company has a well-established presence in Tanzania through its long history of exploration at Nachingwea.

Kishugu Gold Target

  • Extensive, coherent, gold-in-soil anomaly measuring 600m by 5.5km
  • Peak gold values of 904ppb Au, 793ppb Au and 437ppb Au
  • Strong, coincident IP anomalies
  • Presence of pathfinder elements

Naujombo Gold Target

  • Located 35km north-east of Kishugu
  • Extensive, coherent, gold-in-soil anomaly measuring 5km by 1km
  • Peak gold values of 131ppb Au

Ntaka Hill Nickel Project

  • Comprises two tenements on the Nachingwea Property
  • JORC Mineral Resource with contained nickel of 356,000 tonnes
    • Measured and Indicated Mineral Resource: 20,323,000 @ 0.58% Ni and 0.13% Cu for 117,880 tonnes of contained Ni
    • Inferred Mineral Resource: 20,323,000 @ 0.66% Ni and 0.14% Cu for 238,500 tonnes of contained Ni
  • Conventional flotation can produce a medium grade concentrate with moderate levels of MgO
  • Under joint venture with private equity fund, Fig Tree Resources

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