Hi Archer9,
Actually you are in correct, that IDA did nothing.
You can start reading this announcement.
https://indianaresources.com.au/wp-content/uploads/2024/03/BENEFICIATION-TEST-WORK-PRODUCES-4.2-TREO-CONCENTRATE.pdf
As you are well aware, this current raise is going into Exploration Activities.
Know the 64 thousand question, is what will IDA spend the money on in the next few months.
I would like IDA to start by drill some holes, in different parts of our large tenement package.
If you take a look at our Eastern neighbour.
Take a look at their Pluto and Angus project's, where you will find Copper (Cu) written on our land package.
I have even circled the area where potential for copper hosted mineralisation may occur, in our very large tenement package.
Know you might wonder what does this have to do with IDA.
Take a look below.
So with this extra money, IDA is raising, would like to drill some holes at those area where I have mentioned above.
While I do fully understand that Nearology sometimes dose not always mean success, but sometimes it pays to throw a few dollars, trying.
You will never know if you don't try, just like B.B got the old drill results out of storage and we actually found a shit loads of REE.
By the way, Copper prices have go up 35% Year on Year and will rise even further in the coming year and beyond to 2025.
DYOR
IMHO.
Regards
Rossi70
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