Indiana Resources: Confirms REE mineralisation at SA project

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