Indiana Resources (IDA) Q3 2026 TU earnings summary

Executive summary

• Drilling at the Ariadne–Company Well area identified a new mineralised splay off the Lake Labyrinth Shear Zone, with significant gold and silver intersections, indicating regional-scale gold potential.

• Multi-element assay results show a hydrothermal signature (Au–Cu–Bi–Te–Pb), consistent with the Minos Prospect, suggesting a larger mineralised system.

• Structural review and geophysical interpretation identified three new priority target areas for further exploration.

• Negotiations are ongoing with Traditional Owner Groups to expand access for the next exploration phase.

Financial highlights

• Consolidated closing cash balance at 31 March 2026 was $31.2 million, down from $33.8 million in December 2025.

• Quarterly outflows included $0.3 million in administrative and corporate costs, $0.9 million in legal costs for arbitration, and $0.7 million for exploration and evaluation.

• Interest income for the quarter was $467,000.

• A capital return of $32.2 million was executed during the nine-month period.

Outlook and guidance

• Follow-up drilling at Minos and Company Well is scheduled for late May or early June, targeting new structures and priority areas.

• Planned activities include HyLogger results, alteration modelling, and heritage clearances for additional targets.

• The Board is reviewing strategies to unlock value from the Gawler Craton portfolio, considering the arbitration timeline.