Indiana Resources (IDA) Q2 2026 TU earnings summary

Executive summary

• Drilling at the Minos Gold Project extended high-grade gold mineralisation, with notable intercepts up to 71 g/t gold and significant results at depth, confirming the continuity of the gold structure.

• Air-core drilling at Ariadne and Company Well prospects was completed, with assays pending; strong gold anomalies were confirmed by calcrete sampling.

• A comprehensive settlement was reached with the United Republic of Tanzania, resolving all outstanding disputes and resulting in no further financial obligations.

• Appointment of a new Head of Regional Exploration, Ms. Barbara Duggan, to drive the next phase of growth.

Financial highlights

• Closing cash balance at 31 December 2025 was A$33.8 million, including USD12.26M preserved pending arbitration.

• Payments for exploration and evaluation during the quarter totaled A$0.7 million; administrative and corporate costs were A$0.8 million.

• Capital return of $0.05 per share paid to shareholders in August 2025, totaling A$32.2 million.

• No adverse tax consequences for the company or shareholders from the capital return, as per ATO ruling.

Outlook and guidance

• Preparation underway for follow-up RC drilling at Ariadne and Company Well, and further auger and air-core drilling.

• Ongoing regional and near-Minos targeting to expand the project pipeline within the Gawler Craton.