IDA: Annual Report to shareholders
Original announcement by asx on
- Company
- Indiana Resources Limited
- Ticker
- IDA
- Exchange
- ASX
- Region
- South Australia
- Primary commodity
- Gold
- Secondary commodities
- Silver, Titanium, Rare earth elements
- Document categories
- Drill results, Other
- Extracted
- 2026-09-30 08:24:55 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Indiana Resources Limited completed a significant capital return of A$32.2 million to shareholders following the final settlement of its arbitration with Tanzania. The company also reported positive gold and silver drill results from its Central Gawler Craton Project in South Australia, extending mineralization at Minos and identifying new targets at Company Well and Ealbara. An ongoing arbitration dispute regarding the distribution of settlement funds remains unresolved, and the company recorded a financial loss for the year.
Reasoning: Indiana Resources Limited successfully returned capital to shareholders and reported encouraging drill results from its Central Gawler Craton Project, extending known gold mineralization and identifying new targets. However, an unresolved arbitration dispute and a financial loss for the year temper the overall positive outlook.
Positive factors
- Significant capital return to shareholders
- Positive drill results extending gold mineralization at Minos
- Identification of new gold and silver targets at Company Well and Ealbara
- Strong financial position with significant cash and term deposits
- Competent Person sign-off on exploration results
Negative factors
- Ongoing arbitration dispute regarding settlement funds creates uncertainty
- Company reported a financial loss for the year
- No true width disclosed for drill intercepts
- First strike on remuneration report indicates shareholder dissatisfaction
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 40
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 1m @ 71.0 g/t gold is exceptionally high-grade, well above the typical threshold for gold deposits.
Evidence · text
“1m @ 71.0 g/t gold from 140m (25LLRC005)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 0.8m @ 20.7 g/t gold is exceptionally high-grade, well above the typical threshold for gold deposits.
Evidence · text
“0.8m @ 20.7 g/t gold from 408.7m (25LLRD013)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 0.8m @ 68.8 g/t silver is exceptionally high-grade, well above the typical threshold for silver deposits.
Evidence · text
“0.8m @ 68.8 g/t silver (25LLRD013)”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling extended the known gold structure at Minos to 380m below surface and confirmed a strike length of 650m, indicating mineralization beyond previously known limits.
Evidence · text
“These results have extended the known gold structure to 380m below surface (from 200m in prior drilling) and confirm a strike length of 650m.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The annual report includes a Competent Person Statement, indicating that exploration results are compiled by a qualified professional.
Evidence · text
“The information in this annual report that relates to Exploration Results is based on, and fairly represents, information compiled by Ms Barbara Duggan, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: All reported drill intercepts are given as downhole lengths without stating the true width or drill orientation, which may overstate true thickness.
Evidence · text
“1m @ 71.0 g/t gold from 140m (25LLRC005)”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Company Well prospects are positioned as attractive targets due to their proximity to Minos and being hosted within the same fertile Lake Labyrinth Shear Zone.
Evidence · text
“Both prospects are located within 3km of Minos and are hosted within the same fertile LLSZ.”
Extracted facts
Stored fact records: 40. Some facts used in scoring do not have a stored record.
Drill Results (40)
25LLRC005Gawler Craton South · goldGrade: 71Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 25LLRC005
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 71
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 140 m
- To
- 141 m
- Intercept Depth
- 140 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC005:140-141
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows an exceptionally high gold grade, indicating a bonanza zone within the Minos prospect, which is highly material for exploration success.
Positive factors
- Exceptional gold grade (71.0 g/t) for an exploration intercept
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1m @ 71.0 g/t gold from 140m (25LLRC005)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC006Gawler Craton South · goldGrade: 2.31Grade Unit: g/tIntercept: 21 mView all detailsHide details
Identity
- Hole ID
- 25LLRC006
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 2.31
- Grade Unit
- g/t
- Intercept
- 21 m
- From
- 115 m
- To
- 136 m
- Intercept Depth
- 115 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC006:115-136
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept demonstrates strong gold mineralization over a good width, contributing positively to the Minos prospect's potential and extending known mineralization.
Positive factors
- Strong gold grade over a significant intercept length
- Extends known mineralization
Negative factors
- Apparent width only, true width not stated
Evidence · text
“21m @ 2.31 g/t gold from 115m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC006Gawler Craton South · goldGrade: 4.67Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 25LLRC006
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 4.67
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 128 m
- To
- 136 m
- Intercept Depth
- 128 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC006:128-136
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval within a broader zone at Minos enhances the overall prospectivity and indicates good continuity of mineralization.
Positive factors
- High-grade sub-interval within a broader mineralized zone
- Strong gold grade
Negative factors
- Apparent width only, true width not stated
Evidence · text
“8m @ 4.67 g/t gold from 128m (25LLRC006)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC004Gawler Craton South · goldGrade: 2.15Grade Unit: g/tIntercept: 12 mView all detailsHide details
Identity
- Hole ID
- 25LLRC004
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 2.15
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 118 m
- To
- 130 m
- Intercept Depth
- 118 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC004:118-130
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept provides good gold grades over a reasonable width, supporting the continuity of mineralization at Minos.
Positive factors
- Good gold grade over a moderate intercept length
- Extends known mineralization
Negative factors
- Apparent width only, true width not stated
Evidence · text
“12m @ 2.15 g/t gold from 118m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC004Gawler Craton South · goldGrade: 3.78Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- 25LLRC004
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 3.78
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 121 m
- To
- 127 m
- Intercept Depth
- 121 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC004:121-127
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval shows strong gold grades, reinforcing the quality of the mineralization at Minos.
Positive factors
- Strong gold grade within a sub-interval
Negative factors
- Apparent width only, true width not stated
Evidence · text
“6m @ 3.78 g/t gold from 121m (25LLRC004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC019Gawler Craton South · goldGrade: 5.24Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 25LLRC019
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 5.24
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 152 m
- To
- 156 m
- Intercept Depth
- 152 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC019:152-156
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept at Minos shows strong gold grades, indicating continued mineralization in the area.
Positive factors
- Strong gold grade over a moderate intercept length
Negative factors
- Apparent width only, true width not stated
Evidence · text
“4m @ 5.24 g/t gold from 152m (25LLRC019)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC007Gawler Craton South · goldGrade: 0.78Grade Unit: g/tIntercept: 20 mView all detailsHide details
Identity
- Hole ID
- 25LLRC007
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 0.78
- Grade Unit
- g/t
- Intercept
- 20 m
- From
- 145 m
- To
- 165 m
- Intercept Depth
- 145 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC007:145-165
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept at Minos shows moderate gold grades over a good width, supporting the overall prospectivity.
Positive factors
- Moderate gold grade over a significant intercept length
- Extends known mineralization
Negative factors
- Apparent width only, true width not stated
Evidence · text
“20m @ 0.78 g/t gold from 145m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC007Gawler Craton South · goldGrade: 1.2Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- 25LLRC007
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 1.2
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 145 m
- To
- 152 m
- Intercept Depth
- 145 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC007:145-152
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval at Minos shows moderate gold grades, contributing to the overall mineralized footprint.
Positive factors
- Moderate gold grade within a sub-interval
Negative factors
- Apparent width only, true width not stated
Evidence · text
“7m @ 1.20 g/t gold from 145m (25LLRC007)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD008Gawler Craton South · goldGrade: 1.75Grade Unit: g/tIntercept: 10.83 mView all detailsHide details
Identity
- Hole ID
- 25LLRD008
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 1.75
- Grade Unit
- g/t
- Intercept
- 10.83 m
- From
- 219.17 m
- To
- 230 m
- Intercept Depth
- 219.17 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD008:219.17-230
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This diamond drill intercept confirms the continuity of gold mineralization at depth at Minos, which is a positive development for the project.
Positive factors
- Good gold grade over a significant intercept length
- Confirms continuity of gold structure at depth
Negative factors
- Apparent width only, true width not stated
Evidence · text
“10.83m @ 1.75 g/t gold from 219.17m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD008Gawler Craton South · goldGrade: 9.4Grade Unit: g/tIntercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- 25LLRD008
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 9.4
- Grade Unit
- g/t
- Intercept
- 1.1 m
- From
- 224 m
- To
- 225.1 m
- Intercept Depth
- 224 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD008:224-225.1
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval from diamond drilling further confirms the presence of significant gold mineralization at depth at Minos.
Positive factors
- High-grade gold sub-interval at depth
- Confirms continuity of gold structure at depth
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1.1m @ 9.4 g/t gold from 224m (25LLRD008)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD013Gawler Craton South · goldGrade: 1.64Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- 25LLRD013
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 1.64
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 330 m
- To
- 337 m
- Intercept Depth
- 330 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD013:330-337
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept at 330m depth further confirms the continuity of gold mineralization at Minos, extending the known depth of the structure.
Positive factors
- Good gold grade at significant depth
- Confirms continuity of gold structure at depth
Negative factors
- Apparent width only, true width not stated
Evidence · text
“7m @ 1.64 g/t gold from 330m (25LLRD013)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD013Gawler Craton South · goldGrade: 6.67Grade Unit: g/tIntercept: 3.3 mView all detailsHide details
Identity
- Hole ID
- 25LLRD013
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 6.67
- Grade Unit
- g/t
- Intercept
- 3.3 m
- From
- 408.7 m
- To
- 412 m
- Intercept Depth
- 408.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD013:408.7-412
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade intercept at over 400m depth is highly material, significantly extending the known gold structure at Minos to 380m below surface.
Positive factors
- Strong gold grade at significant depth
- Extends known gold structure to 380m below surface
Negative factors
- Apparent width only, true width not stated
Evidence · text
“3.3m @ 6.67 g/t gold from 408.7m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD013Gawler Craton South · goldGrade: 20.7Grade Unit: g/tIntercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- 25LLRD013
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 20.7
- Grade Unit
- g/t
- Intercept
- 0.8 m
- From
- 408.7 m
- To
- 409.5 m
- Intercept Depth
- 408.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD013:408.7-409.5
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This bonanza-grade sub-interval at depth is highly material, confirming very high-grade mineralization and extending the known gold structure at Minos.
Positive factors
- Exceptional gold grade (20.7 g/t) at significant depth
- Extends known gold structure to 380m below surface
Negative factors
- Apparent width only, true width not stated
Evidence · text
“0.8m @ 20.7 g/t gold from 408.7m (25LLRD013)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD014Gawler Craton South · goldGrade: 0.81Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- 25LLRD014
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 0.81
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 167 m
- To
- 178 m
- Intercept Depth
- 167 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD014:167-178
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept at Minos shows moderate gold grades over a good width, supporting the overall prospectivity of the area.
Positive factors
- Moderate gold grade over a good intercept length
- Extends known mineralization
Negative factors
- Apparent width only, true width not stated
Evidence · text
“11m @ 0.81 g/t gold from 167m (25LLRD014)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD013Gawler Craton South · silverGrade: 18.33Grade Unit: g/tIntercept: 3.3 mView all detailsHide details
Identity
- Hole ID
- 25LLRD013
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 18.33
- Grade Unit
- g/t
- Intercept
- 3.3 m
- From
- 408.7 m
- To
- 412 m
- Intercept Depth
- 408.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD013:408.7-412
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver intercept at depth is a new and positive dimension to the Minos deposit, indicating polymetallic potential.
Positive factors
- Moderate silver grade at significant depth
- New dimension of mineralization identified
Negative factors
- Apparent width only, true width not stated
Evidence · text
“3.3m @ 18.33 g/t silver from 408.7m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRD013Gawler Craton South · silverGrade: 68.8Grade Unit: g/tIntercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- 25LLRD013
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 68.8
- Grade Unit
- g/t
- Intercept
- 0.8 m
- From
- 408.7 m
- To
- 409.5 m
- Intercept Depth
- 408.7 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRD013:408.7-409.5
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This bonanza-grade silver sub-interval at depth is highly material, adding a new and significant polymetallic component to the Minos deposit.
Positive factors
- High-grade silver sub-interval at significant depth
- New dimension of mineralization identified
Negative factors
- Apparent width only, true width not stated
Evidence · text
“0.8m @ 68.8 g/t silver (25LLRD013)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC005Gawler Craton South · silverGrade: 4.68Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- 25LLRC005
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 4.68
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 140 m
- To
- 147 m
- Intercept Depth
- 140 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC005:140-147
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver intercept at Minos adds to the polymetallic potential of the deposit, representing a new dimension of mineralization.
Positive factors
- Moderate silver grade over a good intercept length
- New dimension of mineralization identified
Negative factors
- Apparent width only, true width not stated
Evidence · text
“7m @ 4.68 g/t silver from 140m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC005Gawler Craton South · silverGrade: 28Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 25LLRC005
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 28
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 140 m
- To
- 141 m
- Intercept Depth
- 140 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC005:140-141
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong silver grade sub-interval at Minos further highlights the polymetallic nature of the deposit.
Positive factors
- Strong silver grade within a sub-interval
- New dimension of mineralization identified
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1m @ 28.0 g/t silver (25LLRC005)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
25LLRC001Gawler Craton South · silverGrade: 6.31Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- 25LLRC001
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 6.31
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 87 m
- To
- 93 m
- Intercept Depth
- 87 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LLRC001:87-93
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver intercept at Minos contributes to the understanding of the polymetallic potential of the deposit.
Positive factors
- Moderate silver grade over a good intercept length
- New dimension of mineralization identified
Negative factors
- Apparent width only, true width not stated
Evidence · text
“6m @ 6.31 g/t silver from 87m (25LLRC001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · goldGrade: 1.2Grade Unit: g/tIntercept: 18 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 1.2
- Grade Unit
- g/t
- Intercept
- 18 m
- From
- 10 m
- To
- 28 m
- Intercept Depth
- 10 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CWAC034:10-28
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept represents a significant new discovery, identifying a previously unknown mineralized splay with good gold grades, enhancing the prospect pipeline.
Positive factors
- Good gold grade over a significant intercept length
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
Evidence · text
“18m @ 1.2 g/t gold, 4.6 g/t silver from 10m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · silverGrade: 4.6Grade Unit: g/tIntercept: 18 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 4.6
- Grade Unit
- g/t
- Intercept
- 18 m
- From
- 10 m
- To
- 28 m
- Intercept Depth
- 10 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CWAC034:10-28
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver intercept from a newly identified mineralized splay adds to the polymetallic potential of the Company Well prospect.
Positive factors
- Moderate silver grade over a significant intercept length
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
Evidence · text
“18m @ 1.2 g/t gold, 4.6 g/t silver from 10m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · goldGrade: 3.6Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 3.6
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade gold sub-interval further confirms the quality of the new mineralized splay at Company Well.
Positive factors
- Strong gold grade within a sub-interval
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
- From depth not explicitly stated for sub-interval
Evidence · text
“3m @ 3.6 g/t gold and 6.1g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · silverGrade: 6.1Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 6.1
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver sub-interval contributes to the polymetallic nature of the new mineralized splay at Company Well.
Positive factors
- Moderate silver grade within a sub-interval
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
- From depth not explicitly stated for sub-interval
Evidence · text
“3m @ 3.6 g/t gold and 6.1g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · goldGrade: 4.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 4.7
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 18 m
- To
- 19 m
- Intercept Depth
- 18 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CWAC034:18-19
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade gold sub-interval further confirms the quality of the new mineralized splay at Company Well.
Positive factors
- Strong gold grade within a sub-interval
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1m @ 4.7 g/t gold and 39.1 g/t silver at 18m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CWAC034Gawler Craton South · silverGrade: 39.1Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- CWAC034
- Project
- Gawler Craton South
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 39.1
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 18 m
- To
- 19 m
- Intercept Depth
- 18 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CWAC034:18-19
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong silver grade sub-interval contributes to the polymetallic nature of the new mineralized splay at Company Well.
Positive factors
- Strong silver grade within a sub-interval
- Identified a previously unidentified mineralised splay off the main LLSZ
Negative factors
- Apparent width only, true width not stated
Evidence · text
“1m @ 4.7 g/t gold and 39.1 g/t silver at 18m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CW20Gawler Craton South · goldGrade: 2.19Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- CW20
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 2.19
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 18 m
- To
- 19 m
- Intercept Depth
- 18 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CW20:18-19
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows moderate gold grades, supporting the prospectivity of the Company Well area, though with limited context.
Positive factors
- Moderate gold grade
Negative factors
- Apparent width only, true width not stated
- Limited geological information for historical hole
Evidence · text
“1m @ 2.19 g/t Au from 18m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
CW20Gawler Craton South · goldGrade: 11.27Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- CW20
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 11.27
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 26 m
- To
- 28 m
- Intercept Depth
- 26 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CW20:26-28
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows strong gold grades, indicating high-grade potential at Company Well, though with limited context.
Positive factors
- Strong gold grade
Negative factors
- Apparent width only, true width not stated
- Limited geological information for historical hole
Evidence · text
“2m @ 11.27 g/t from 26m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LLRC001Gawler Craton South · goldGrade: 5.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- LLRC001
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 5.7
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows strong gold grades, supporting the prospectivity of the Company Well area, though with limited context.
Positive factors
- Strong gold grade
Negative factors
- Apparent width only, true width not stated
- Limited geological information for historical hole
- From depth not explicitly stated
Evidence · text
“1m @ 5.7 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LLRC002Gawler Craton South · goldGrade: 3.25Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- LLRC002
- Project
- Gawler Craton South
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- IDA
Geometry
- Grade
- 3.25
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Main Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This historical intercept shows good gold grades, supporting the prospectivity of the Company Well area, though with limited context.
Positive factors
- Good gold grade
Negative factors
- Apparent width only, true width not stated
- Limited geological information for historical hole
- From depth not explicitly stated
Evidence · text
“1m @ 3.25 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 30View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The capital return of A$32.2 million is highly material for shareholders, representing a direct return of funds and a key commitment fulfilled by the company.
Positive factors
- Significant capital return to shareholders
- ATO confirmed no adverse tax consequences for IDA
Evidence · text
“approximately A$32.2 million was paid in August 2025 as a capital return of A$0.05 per share.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 31View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The US$90 million arbitration settlement is a highly material event, providing substantial funds to the company and resolving a long-standing dispute.
Positive factors
- Successful settlement of arbitration proceedings
- Significant cash inflow for the company
Evidence · text
“A Settlement Deed was concluded in July 2024 for a total payment of US$90 million.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 32View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The preservation of US$13 million in an interest-bearing term deposit due to an ongoing arbitration dispute is a negative factor, as it ties up significant funds and creates uncertainty for shareholders.
Negative factors
- Significant portion of settlement funds tied up in ongoing dispute
- Uncertainty regarding final distribution of funds
Evidence · text
“A portion (18%) of the net settlement proceeds received from Tanzania have been preserved in an interest-bearing term deposit pending resolution of the dispute with LRI. The amount is currently US$13,052,178.06”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 33View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The increase in exploration and evaluation expenditure assets indicates continued investment in the company's projects, which is a positive for future growth potential.
Positive factors
- Continued investment in exploration activities
- Growth in exploration assets
Evidence · table
“12,805”
Context: Exploration and evaluation expenditure assets
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 34View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The net loss of A$3.815 million for the financial year is a negative financial outcome, indicating that the company's operations were not profitable during this period.
Negative factors
- Company reported a net loss for the financial year
Evidence · table
“(3,815)”
Context: Owners of Indiana Resources Limited
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 35View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The company maintains a strong cash and cash equivalents position, providing financial stability and capacity for future activities despite the decrease from the prior year.
Positive factors
- Strong cash position provides financial flexibility
- Sufficient funds for ongoing exploration and operations
Evidence · table
“11,360”
Context: Cash and cash equivalents
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 36View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The substantial amount held in term deposits indicates a strong financial position, although a portion remains subject to an ongoing arbitration dispute.
Positive factors
- Significant funds held in term deposits
- Provides financial security and interest income
Negative factors
- Portion of funds tied to arbitration dispute
Evidence · table
“18,713”
Context: Other financial assets – term deposits
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 37View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The company maintains a healthy total asset base, reflecting its financial strength and investment in exploration properties.
Positive factors
- Strong asset base supports company operations and future growth
Evidence · table
“43,314”
Context: TOTAL ASSETS
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 38View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The company's total liabilities are relatively low, indicating a strong balance sheet and limited financial risk.
Positive factors
- Low total liabilities relative to assets
Evidence · table
“3,751”
Context: TOTAL LIABILITIES
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 39View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The company's strong net asset position reflects a healthy financial state, providing a solid foundation for future operations.
Positive factors
- Strong net asset position
Evidence · table
“39,563”
Context: NET ASSETS
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 40View all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- IDA
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The 'first strike' on the remuneration report signals significant shareholder dissatisfaction with the company's executive compensation, which is a negative governance indicator.
Negative factors
- Shareholder dissatisfaction with remuneration practices
- Indicates a lack of alignment between board and shareholders
Evidence · text
“more than 25% of votes cast on Resolution 1 were against the adoption of the 2025 Remuneration Report, which constitutes a “first strike” for the purposes of the Corporations Act 2001 (Cth).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.