Indiana Resources (IDA) Q4 2025 TU earnings summary

Executive summary

• Drilling at Minos confirmed high-grade gold mineralisation extensions, with notable intercepts such as 2m at 25.85g/t gold and 23.05m at 2.62g/t gold at depth.

• Regional exploration identified large-scale gold anomalies at Ariadne and Company Well, with peak values of 292ppb and 136ppb gold, respectively.

• Cash balance at 30 June 2025 was A$69.4 million, with a proposed $0.05 per share capital return to shareholders, subject to approval.

• New leadership appointments include Matthew Bowles as Managing Director & CEO and John Fitzgerald as Chief Operations Officer.

Financial highlights

• Net cash from operating activities for the quarter was an outflow of A$1.26 million, mainly due to exploration, staff, and admin costs.

• Net cash from investing activities was an inflow of A$49.04 million, primarily from the Tanzanian settlement.

• Net cash from financing activities was an outflow of A$31.64 million, mainly due to the proposed capital return.

• Cash and cash equivalents at quarter end were A$69.36 million.

Outlook and guidance

• First assays from the recent 6,600m RC drilling program at Minos expected mid-August 2025.

• Follow-up diamond drilling (~1,300m) ongoing, with completion expected early August 2025.

• Infill calcrete sampling and air-core drilling at Ariadne and Company Well planned for Q4 2025.

• Post-capital return, cash position forecast at ~A$37 million.