Coffee with Samso: Indiana Resources is all about the Gawler Craton

What attracted me to Indiana Resources Ltd (ASX:IDA) (FRA:GDM) were the projects they operated in the Gawler Craton.  In the mid to late 1990s, the Gawler Craton was the place to be for mineral explorers.  Discoveries such as Prominent Hill were made in 2001 and got the attention of many companies that were driven to seek further resources. Discoveries were being made but reality soon set in. Investors came to understand and realise that the remoteness and the lack of infrastructure were not aligned to market volatility.  Interest in this region eventually faded away and funding was not easy to source for support of any concepts.  This led to the Gawler Craton story to being unloved over time. Interestingly enough, it is this exact stage of the story that gets me all excited.  Nearly two decades of neglect in this region has now created a situation of a new frontier in Australia's backyard.  Can you imagine the area in and around Challenger having no other major resource of mines?  A similar situation around any of the other major mines and you would see numerous mining activities. Indiana Resources is one of only four players in the region and they are already showing successful drilling results.  They are now discovering what explorers discovered in Kalgoorlie region, Murchison region, Menzies, Laverton ... and the list goes on. As we discussed in the video, there is no guarantee of success but I would say that there are definitely some good signs of success. When I think of the Gawler Craton in a nutshell, I am also thinking of the big style deposits like Olympic Dam, Prominent Hill, Challenger and a recent discovery called Paris.  I think of IOCG and what comes to mind is the need for a large exploration budget. To me, the Gawler Craton is one of the last frontiers in Australia where a mineral province will be discovered. Chapters 00:10 Introduction 00:35 Bronwyn Introduces Indiana Resources 02:02 The Gawler Craton Projects 03:50 Lack of exploration activities in the Gawler Craton 05:39 The excitement of Minos 07:53 The blank canvas of the Indiana Resource projects 09:46 Other commodities within the projects 11:07 The unimaginable size of the projects 12:36 The prospectivity of the region has not been realised 13:54 What is the market for these type of projects? 16:05 The rise of the African Economy 17:50 The Tanzanian Story 22:35 The Arbitration is fully funded 23:49 Where is the funding coming from? 24:34 Change in Presidency - will that affect the Arbitration 25:32 Foreign Investment and African Politics 26:37 Free Option to $95M 27:07 News Flow 29:23 Why Samso likes Indiana 30:34 Conclusion PODCAST About Bronwyn Barnes Executive Chairman Bronwyn has had an extensive career in the resources sector, having worked with companies ranging from Western Mining Corporation and BHP to emerging juniors in directorship, executive leadership, and operational roles in Australia and internationally. Bronwyn is currently Non-Executive Chair of Indiana Resources (ASX:IDA), Non-Executive Director of Synergy (Electricity Generation and Retail Corporation), a Non-Executive Director of Scorpion Minerals Pty Ltd (ASX:SCN) and an Independent Director of Perth Racing. Bronwyn is also a member of the Executive Council of the Association of Mining and Exploration Companies (AMEC) and a Member of the Board of Management of the Foundation for St Mary’s Anglican Girls School. About Indiana Resources Limited Indiana Resources Limited (ASX:IDA) is an Australian-based gold exploration company focused on advancing its portfolio of exploration tenements in the highly prospective Central Gawler Craton Gold Province in South Australia. Indiana’s ground position in the Gawler Craton covers 5,090 km² – with the Company’s tenements strategically located between the historic gold mining centres of Tunkillia and Tarcoola. The Central Gawler Craton has outstanding potential for the discovery of significant gold deposits, as indicated by the Tunkillia deposit (588,000 ounce gold resource), which adjoins the southern edge of Indiana’s portfolio and the historical mining centre of Tarcoola, which adjoins the northern edge of Indiana’s portfolio, where historic production and current resource total approximately 190,000 ounces. Indiana is also the major shareholder of Ntaka Nickel Holdings Ltd and Nachingwea UK Ltd (both incorporated in the United Kingdom) which historically held the licences for the Ntaka Hill Nickel Project through its 100% owned subsidiary Nachingwea Nickel Ltd.  The Ntaka Hill Nickel Project is an advanced nickel sulphide project that is development ready.  In early 2020, the Companies advised the Tanzanian Government that a dispute had arisen in relation to the cancellation of the Retention Licence for Ntaka Hill.  Indiana is the manager of the Joint Venture for the Project and is leading activities to progress a Claim to Arbitration against the Government of Tanzania for the illegal expropriation and loss of the Ntaka Hill Nickel Project. Please let Samso know your thoughts and send any comments to info@Samso.com.au. Remember to Subscribe to the YouTube Channel, Samso Media and the mail list to stay informed and make comments where appropriate. Other than that, also feel free to provide a Review on Google. For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au About Samso Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter. Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances. With a compelling format of relaxed online video interviews, Samso provides clear answers to questions they may not have the opportunity to ask and lays out the big picture to help them complete their investment research. And in doing so, Samso also enables companies featured in interviews to build valuable engagement with their investment communities and customers. Headed by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk interviews both feature friendly conversations with business figures that give insights into Australian Stock Exchange (ASX) companies, related concepts and industry trends. Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resource sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009-2017 and has also been involved in several other ASX listings, providing advice, procuring projects and helping to raise capital. He brings all this experience and expertise to the Samso interviews, where his engaging conversation style creates a relaxed dialogue, revealing insights that can pique investor interest. Noel Ong travels across Australia to record the interviews, only requiring a coffee shop environment where they can be set up. The interviews are posted on Samso’s website and podcasts, YouTube and other relevant online environments where they can be shared among investment communities. Samso also has a track record of developing successful business concepts in the Australasia region and provides bespoke research and counsel to businesses seeking to raise capital and procuring projects for ASX listings. Disclaimer The information contained in this article is the writer’s personal opinion and is provided for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full disclaimer.