Indiana Resources Limited (ASX: $IDA) announces successful beneficiation test work results

Indiana Resources Limited (ASX: $IDA) has reported successful results from the initial metallurgical test work programme focused on beneficiation of selected clay hosted Rare Earth Element (REE) Air Core (AC) samples from the Minos REE Prospect within Indiana's 100% owned 5,713 km2 Central Gawler Craton Exploration Project (CGCP) in South Australia. The test work produced a high-grade flotation concentrate grading 4.2% TREO and 1.8% MREO at a recovery of 89% and 91% respectively from the minus 0.15mm fraction of a composite AC sample of clay hosted REE mineralisation.

Executive Chair Bronwyn Barnes comments on the successful test work

These latest results from Minos clearly demonstrate the incredible REE potential of this project area in South Australia. Initial 'sighter' test work has focused on beneficiation of the clay hosted REE at Minos and provided outstanding results. High recoveries of both TREO and MREO to a 4% TREO flotation concentrate is particularly encouraging. We look forward to the next phase of hydrometallurgical test work which will focus on acid leaching of the concentrate. These results give the company the confidence to continue drilling to better define the size potential of our 6km X 4.5 km REE target which remains open in all directions. A further announcement will be made once all remaining test work results have been received.

Summary of Indiana Resources Limited's successful test work and future plans

Indiana Resources Limited has successfully demonstrated the rare earth potential of the Minos Rare Earth Project through the completion of initial beneficiation test work. The high-grade flotation concentrate produced, along with the significant recoveries, validates the REE potential of the project area. The company plans to conduct hydrometallurgical test work focusing on acid leaching of the concentrate, as well as beneficiation optimisation test work. Follow-up drilling is also scheduled to further define high-grade REE zones. Indiana's strategic positioning in the highly prospective Central Gawler Craton Province in South Australia, coupled with its experienced management team, positions the company for potential growth in the rare earth sector. The upcoming catalysts, including further flotation met test work, hydrometallurgical test work, and infill REE AC drilling, are expected to provide additional insights into the project's potential.