Indiana Resources (IDA) Q4 2026 earnings summary

Executive summary

• Advanced exploration at Gawler Craton with priority targets at Minos, Ariadne, Company Well, and Ealbara prospects, focusing on gold and heavy mineral potential.

• Drilling at Company Well delayed to late August due to weather; heritage clearance ongoing for new areas.

• Independent review confirmed significant heavy mineral prospectivity at Carne Titanium Prospect.

Financial highlights

• Closing cash balance at 30 June 2026 was A$29.7 million, down from A$31.2 million at 31 March 2026.

• Quarterly outflows: A$0.3 million in admin/corporate costs, A$1.15 million in legal costs (arbitration), A$0.4 million in exploration.

• Net cash used in operating activities for the quarter was A$1.694 million.

• No new tenements acquired or disposed of during the quarter.

Outlook and guidance

• Drilling at Company Well and Ealbara scheduled for late August, pending heritage clearance.

• Maiden drill program at Carne Titanium Prospect planned after regulatory approvals.

• Estimated 17.56 quarters of funding available at current expenditure rates.