Indiana Resources
Indiana Resources (ASX: IDA) is an Australian mining and exploration company based in Perth, Western Australia. It focuses on iron ore as well as base and precious metals. The company began on the Australian Stock Exchange in 1994 and was known as IMX Resources until June 2016, when it changed its name to Indiana Resources Limited.
Past operations include the Cairn Hill iron ore mine in South Australia, about 55 km from Coober Pedy. Cairn Hill was a 51% IMX and 49% Sichuan Taifeng joint venture. Production started in 2010 and ore was shipped to China before the mine closed in 2014. IMX helped pioneer the rotainer bulk export system, now used at other sites.
Today, Indiana Resources is focused on the Mount Woods Magnetite Project in South Australia, which includes the Snaefell magnetite deposit and other targets. The plan is to develop a 1.8–3.5 Mtpa magnetite mine at Snaefell, using Cairn Hill infrastructure, and the company is seeking a cornerstone investor to fund development.
In Tanzania, Indiana Resources owns the Nachingwea Regional Exploration Project, including the Ntaka Hill Nickel Sulphide Project. The large exploration area sits about 200 kilometres from Mtwara and holds potential for multiple mineralised systems. Recent work has found high-grade and disseminated nickel and copper sulphides, as well as gold and graphite.
Indiana Resources maintains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in Australia and southern Africa.
This page was last edited on 3 February 2026, at 01:32 (CET).