Indiana Resources (ASX: IDA) is an Australian-based exploration company focused on advancing a portfolio of tenements, which include rare earths, gold and base metals, in the highly prospective Central Gawler Craton Province in South Australia.
Indiana’s ground position in the Gawler Craton covers 5,713 km² – with the Company’s tenements strategically located between the historic gold mining centres of Tunkillia and Tarcoola.
The Central Gawler Craton has outstanding potential for the discovery of significant gold deposits, as indicated by the Tunkillia deposit (965,000 ounce gold resource), which adjoins the southern edge of Indiana’s portfolio and the historical mining centre of Tarcoola, which adjoins the northern edge of Indiana’s portfolio, where historic production and current resource total approximately 190,000 ounces.
Indiana is also the major shareholder of Ntaka Nickel Holdings Ltd and Nachingwea UK Ltd (both incorporated in the United Kingdom) which historically held the licences for the Ntaka Hill Nickel Project through its 100% owned subsidiary Nachingwea Nickel Ltd. The Ntaka Hill Nickel Project is an advanced nickel sulphide project that is development ready. In early 2020, the Companies advised the Tanzanian Government that a dispute had arisen in relation to the cancellation of the Retention Licence for Ntaka Hill. Indiana is the manager of the Joint Venture for the Project and is leading activities to progress a Claim to Arbitration against the Government of Tanzania for the illegal expropriation and loss of the Ntaka Hill Nickel Project.