Indiana Resources (IDA) Company Presentation summary

Corporate overview

• 634.4 million shares and 39 million options on issue, with a market cap of approximately A$58 million at A$0.092 per share as of August 2024.

• Cash position of A$20.5 million as of 22 August 2024.

• Board led by Executive Chair Bronwyn Barnes, with a team including Bob Adam (NED), Maja McGuire (NED), and Alex Neuling (Co Sec).

Tanzania settlement

• US$90 million settlement agreement with Tanzania, payable in three instalments: US$35 million received, US$25 million due by 25 October 2024, and US$30 million by 30 March 2025.

• Distribution of settlement proceeds among claimants is being negotiated based on sunk costs.

• If Tanzania defaults, ICSID annulment or London Court of International Arbitration proceedings may resume.

• Litigation funding facility terminated, avoiding US$10 million in additional fees; all legal fees paid.

Project portfolio and exploration focus

• 100% owned 5,713 km² tenement package in the Central Gawler Craton, South Australia, with no royalty obligations.

• Focused on rare earth elements (REE), gold, and base metals, with significant exploration upside in an under-explored region.

• Native Title Mining Agreements in place with key Aboriginal corporations, supporting responsible exploration.