Indiana Resources (ASX:IDA) hit rare earths from a recent eight-hole reverse circulation drill program at the Minos prospect within the Central Gawler Craton exploration project in South Australia, according to a Thursday filing with the Australian bourse.
The program yielded up to 13 meters at 2,223 parts per million (ppm) total rare earth oxides (TREO) and 475 ppm magnet rare earth oxides (MREO) from 41 meters, including 6 meters at 4,123 ppm TREO and 865 ppm MREO, the filing said.
The company's shares rose past 1% in recent Thursday trade.
Price (AUD): $0.10, Change: $+0.0010, Percent Change: +1.05%
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