Indiana Resources Ltd
Indiana Resources has pivoted to pure-play gold exploration in South Australia's Gawler Craton (Minos, North Hicks, Ariadne, Partridge prospects) after fully resolving, via international arbitration, Tanzania's 2018 expropriation of its former Ntaka Hill nickel project (settlement paid, in the tens of millions of dollars). The company no longer holds its original nickel asset, and its current gold projects are early-stage with no resource estimate yet. Cash of ~A$35 million, sourced from the Ntaka Hill settlement per a Stockhead article, is converted to USD here; this figure is not tied to a specific recent quarter-end date and may be stale. No debt figure was found.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.6/10.
- Trading within 4% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Executive Chair of Indiana Resources Limited. More than 25 years' experience in the resources sector in Australia and internationally, across directorship, executive-leadership and operational roles at companies ranging from WMC and BHP to emerging juniors.
Managing Director and Chief Executive Officer of Indiana Resources Limited, focused on the company's gold and base-metals projects in the Central Gawler Craton Province, South Australia. Previously Managing Director & CEO of Alto Metals Limited, a Western Australian-focused advanced gold explorer.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
NGE Capital Limited, an ASX-listed investment company with real (if mixed generalist/resource) conviction positions including K92 Mining, holds a modest stake. Executive Chairman Bronwyn Barnes and a non-executive director both bought stock on the open market within the last year, with no offsetting selling in that window.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.
No reports or presentations linked yet.