Calcrete sampling within the Central Gawler Gold Project, South Australia. Source: Indiana Resources
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  • Indiana Resources (IDA) enters a trading halt, as the market awaits more news regarding a capital raise
  • Further details will be released before Monday, with trading of IDA shares paused until then
  • The company has a number of gold exploration projects located across Tanzania and South Australia, with a current focus on the Central Gawler project
  • Earlier this week, the company announced a review of historical drilling highlighted the potential for Rare Earth Elements (REE) mineralisation at the project
  • Shares in the company last traded at 5.2 cents each

Indiana Resources (IDA) has entered a trading halt, as the market awaits more news regarding a capital raise.

It is not yet known how much the company is looking to raise or where the funds will be directed. However, the details will be released before Monday for IDA shares to begin trading again.

The company has a number of gold exploration projects located across Tanzania and South Australia, with a current focus on the Central Gawler project.

Earlier this week, the company announced a review of historical drilling highlighted the potential for Rare Earth Elements (REE) mineralisation at the project.

It is now planning to re-assay some of the drill holes to source further data and map out priority target areas.

Shares in the company last traded at 5.2 cents each.

IDA by the numbers
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