Must Read Announced March 2024

90.5% TREE RECOVERY FROM HYDROMETALLURGICAL TEST WORKTEST WORK VALIDATES THE REE POTENTIAL OF 6KM X 4.5KMMINOS RARE EARTH PROJECT TARGET AREAHighlights90.5% TREE, 87.8% HREE & 90.8% LREE recovery produced from initial sighter leach test work completed on clay hosted Rare Earth Element (REE) air core drilling samples from MinosBulk Flotation confirms high recovery to flotation concentrate of minus 0.15mm fractionFollow-up Hydrometallurgical (acid leaching) test work now being plannedBeneficiation optimisation test work to be conductedDrilling has previously produced outstanding high-grade REE clay hosted intersections including:26m @ 4,767ppm TREO and 1,894ppm MREO from 46m (LLAC128) including:Im @ 46,721 ppm TREO and 22,255ppm MREO from 48m5m @ 16,706ppm TREO from 48m7m @ 5,597ppm MREO from 48mREE target area of 6.0km long by 4.5km wide open in all directions with up to 40m thickTREO enrichment layer in weathering profileAssays are awaited from follow up drilling completed to further define the high grade REEzonesIndiana Resources Limited (ASX: IDA) ('Indiana' or the 'Company') is pleased to announce the results of an initial hydrometallurgical test work programme focussed on beneficiation and leaching of selected clay hosted REE Air Core (AC) samples from the Minos REE Prospect within Indiana's 100% owned 5,713 km? Central Gawler Craton Exploration Project (CGCP) in South Australia (Figure 4).The hydrometallurgical programme consisted of, wet screening, bulk sighter flotation, thermal roast/water leach and acid sighter leaching conducted by Nagrom, a specialist in rare earth and rare metal metallurgical test work. The programme was designed to determine the potential for leach recovery from flotation concentrates of the clay hosted REE mineralisation.Sighter leach test work completed on a high-grade flotation concentrate achieved a recovery of 90.5% TREE, 87.8% HREE and 90.8% LREE from the minus 0.15mm