Indiana Resources Ltd.

IMX is pleased to advise that it has received strong, unsolicited interest its Ntaka Hill Nickel Project, located on its Nachingwea Property in south-east Tanzania. The continuing appreciation in the nickel metal price has brought international attention to undeveloped deposits, particularly sulphide style mineralisation such as Ntaka Hill. Accordingly, the Company has opened a data room on the project with strong [...]

IMX is pleased to advise that it has received further assays from its Reverse Circulation drilling program at the Chilalo Graphite Project, located on its Nachingwea Property in Tanzania. These results extend the high-grade mineralisation further along strike to the north-east and south-west from the assayed holes announced to date. The mineralisation remains open both along strike and down dip.

IMX is pleased to announce that it has today completed the sale of its 100%-owned Mt Woods tenements in South Australia to Cu-River Mining Australia Pty Limited for cash proceeds of $3.68 million. IMX CEO, Phil Hoskins said the sale of the Mt Woods tenements was an important achievement, as it enabled the Company to extinguish the $3 million liability to Flinders Ports, leaving IMX debt free and able to focus its efforts [...]

I would like to take this opportunity to provide some important information for the benefit of IMX shareholders ahead of the Company’s Annual General Meeting on 26 November 2014. Since the completion of the Annual Report for the 2014 financial year, which includes the Remuneration Report, IMX has implemented a number of significant changes to the remuneration of its executives and Directors and to the composition of the [...]

IMX is pleased to announce that it has satisfied the conditions precedent to the sale of its 100%-owned Mt Woods tenements in South Australia to Cu-River Mining Australia Pty Limited for cash proceeds of $3.68 million. The sale is now expected to complete on 24 November 2014. IMX CEO, Phil Hoskins said the sale of the Mt Woods tenements allowed the Company to concentrate on exploration at its highly prospective Nachingwea [...]

IMX is pleased to announce that it will undertake a non-renounceable pro rata entitlement offer to eligible shareholders on the basis of one share at an issue price of $0.012 for every two fully paid ordinary shares to raise approximately $3.0 million. The Entitlement Offer will be available to all holders of Shares in the Company with a registered address in Australia and New Zealand as at 5.00 pm on 24 November 2014 who [...]

IMX is pleased to advise that the first diamond drill hole at its Chilalo high-grade flake graphite discovery in Tanzania has intersected 25.7m of high-grade graphite from just 66.3m below the surface. This new intersection, NRC14-141D is located approximately 50m south of the intersection in Reverse Circulation drill-hole NRC14-140, which intersected 24m @ 11.7% TGC from 28m, including 14m @ 14.9% TGC, extending the [...]

IMX is pleased to advise that it has received the first intersection assays from its Reverse Circulation drilling program at the Chilalo Graphite Project, located on its Nachingwea Property in Tanzania. A total of 33 RC drill holes for 2,558m of drilling have been drilled into several Versatile Time Domain Electromagnetic targets at the project. All drill holes have intersected graphite and one target stands out with [...]

IMX is pleased to advise that it has intersected high-grade graphite at the Chilalo Project located on its Nachingwea Property in Tanzania. Selected samples were sent for expedited analyses after IMX identified the potential for high-grade mineralisation. These preliminary assays from recent Reverse Circulation drilling at one of the many targets at the Chilalo Project have returned grades of up to 16.4% TGC from near [...]

IMX is pleased to advise that the handover of all exploration data and interpretations from MMG Exploration Holdings Limited for the Nachingwea Property in south-east Tanzania has now been completed. The handover follows MMG’s decision in August 2014 to cease sole funding the Nachingwea joint venture after meeting its Stage 1 expenditure commitment of US$10 million, allowing it to earn a 15% interest in the Nachingwea [...]