Indiana Resources is pleased to provide an update on its exploration programs to advance the Naujombo and Kishugu Gold Prospects located in south-east Tanzania. Indiana is pleased to announce the commencement of its RAB drilling program at Naujombo and Kishugu. The drilling rig arrived on site over the weekend and has commenced drilling this week.
Indiana Resources is pleased to advise that it has successfully completed the book-build for a placement to professional and sophisticated investors raising $0.94 million before costs. Pulse Markets acted as Lead Manager to the Placement. There was strong interest from existing and new investors, driven largely by recent progress in exploration at [...]
Indiana Resources is pleased to provide an update on its exploration programs to advance the Naujombo and Kishugu gold prospects located in south-east Tanzania. Recently received assay results returned for surface soil samples from Naujombo confirm an extensive, coherent gold anomaly that now measures 9.5km by 600m, with up to 0.8g/t Au within the [...]
Indiana Resources is pleased to provide an update to its exploration strategy to advance the Kishugu and Naujombo Gold Prospects located on its Nachingwea Property in south-east Tanzania. Exploration including drilling is planned to recommence in July. Both Kishugu and Naujombo are extensive coherent gold soil anomalies, Kishugu covering 6km by [...]
IMX Resources is pleased to advise that the consolidation of its share capital on a ratio of 50:1 has been completed. The new issued capital for the Company is 31,337,216 ordinary fully paid shares. The process for changing the Company’s name to Indiana Resources Limited has also concluded and on 22 June 2016, the Company’s shares will commence [...]
IMX Resources is pleased to advise that Campbell Baird has been appointed as Managing Director of the Company, replacing Phil Hoskins. Most recently, Campbell was Chief Executive Officer with Focus Minerals, where, during his tenure, annual gold production increased from 5,000 ounces to 175,000 ounces during a four year period of organic [...]
IMX Resources is pleased to advise that Graphex Mining Limited has been admitted to the official list of ASX Limited. Official quotation of Graphex fully paid ordinary shares will commence at 11:00 am AEST on Tuesday 14 June 2016. Graphex has been assigned the ASX Security Code GPX.
IMX Resources is pleased to advise that the conditions precedent to the sale of the Chilalo Graphite Project to Graphex Mining Limited have been satisfied. As a result, the in-specie distribution of Graphex shares to IMX shareholders and the issue of Graphex shares to subscribers under the initial public offering can now take place. A timetable for [...]
IMX Resources advises that it has appointed RSM Australia Partners (‘RSM’) as the Company’s external auditor. The appointment of RSM replaces KPMG as the Company’s external auditor. The change of external auditor has been made as part of a process of reviewing the Company’s service providers, pursuant to the spin out of its wholly owned subsidiary [...]
IMX Resources is pleased to advise that the full $7 million under the Graphex Mining Initial Public Offer was received early last week. The Offer was managed jointly by Palladion Partners and RM Corporate Finance. There was strong demand under both the priority offer to IMX shareholders and the general offer, with the Offer heavily oversubscribed [...]
IMX Resources advises that further to its announcement on 27 April 2016, it has been working with the Australian Securities and Investments Commission to address certain concerns notified by ASIC in relation to the prospectus lodged by Graphex Mining on 4 April 2016. ASIC’s concerns predominantly emanated from Information Sheet 214 on forward [...]
IMX Resources advises that on 12 April 2016, the Australian Securities and Investments Commission released Information Sheet 214 (INFO 214) on forward looking statements commonly made in the mining and resources industry relating to production targets, forecast financial information and discounted cash flow valuations. INFO 214, which was released [...]