Indiana Resources Limited announced that both its concurrently run Air Core (AC) and Reverse Circulation (RC) drilling programmes have been completed at its Minos Rare Earth Element (REE) Prospect and its Minos Gold Prospect within Indiana's 100% owned 5,713 km2 Central Gawler Gold Project (CGCP) in South Australia. The recently completed Phase 1 AC programme consisted of 72 holes for 3,251 metres. The programme was designed to infill and extend at 250 metre line spacings, a 2 km long area within the 10 km strike length already identified along the Lake Labyrinth Shear Zone (LLSZ) northwest of Minos.

This 10km long zone has previously returned high TREO grades and significant thicknesses of clay hosted REE mineralisation . Phase 1 of the programme also include an initial test across strike for repetitions of REE mineralisation 1km to the south and up to 2km north of the existing Minos REE trend . The drill programme at Minos comprised 10 drill holes for 1,668 metres.

To date, Indiana has outlined a 600-metre (m) strike extent of shallow, near-surface gold (Au) mineralisation. The programme was designed to test the extension of the known strike towards the northwest and tightening the existing drill density. In addition, six of these holes have been targeted to test the recently identified parallel structure at the northwest end of Minos.