Indiana Resources (IDA) Q1 2026 TU earnings summary

Executive summary

• RC and diamond drilling at Minos Prospect extended gold mineralisation, with significant intercepts including 4m @ 13.0 g/t Au and 21m @ 2.31 g/t Au, defining the prospect over 650m of strike and up to 380m depth, remaining open for further exploration.

• Infill calcrete sampling at Ariadne and Company Well prospects identified strong gold anomalies, with peak values up to 3,350 ppb Au, supporting the next phase of air-core drilling targeting these areas.

• Rare earth element (REE) analysis at Minos revealed localised enrichment, with up to 16m @ 0.106% TREO, indicating additional mineralisation potential.

• A $0.05 per share capital return (A$32.2 million) was distributed to shareholders following approval, and key management appointments were made to drive strategic growth.

Financial highlights

• Closing cash balance at 30 September 2025 was A$35.3 million, including USD12.26M preserved pending arbitration outcomes.

• Net cash outflows for the quarter included A$1.03 million for exploration, A$0.78 million for administration, and A$0.2 million for staff costs.

• Interest income for the quarter was A$406,000.

• Capital return of A$32.2 million completed in August 2025.

Outlook and guidance

• Approximately 7,000m of air-core drilling underway at Ariadne, Company Well, and regional targets, with further RC drilling and aeromagnetic survey analysis planned for the December quarter.

• Pending assay results from diamond drilling at Minos expected to refine geological models and guide future exploration.