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Indiana Resources: Confirms REE mineralisation at SA project | Fintech InShorts: Latest fintech news, analysis by experts

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Indiana Resources: Confirms REE mineralisation at SA project

By Steve Sam

August 2, 2022

Indiana Resources Confirms REE mineralisation at SA project

Indiana Resources (IDA) confirms rare earth element (REE) mineralisation at its Central Gawler project in South Australia
This follows a review of previous drill results which were re-assayed and returned up to four metres at 15,486 ppm TREO from 28 metres
Indiana says confirming high TREO values is a “promising result” and it provides the company with confidence to test rare earth targets across the project area
The company is submitting further samples for re-assaying to better understand the extent of REE mineralisation and to refine target areas for follow-up drilling
Company shares are up a healthy 40 per cent on the back of this news to trade at seven cents at 3:33 pm AEST

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