Imx Resources (IXR) Stock Price, News & Analysis

Indiana Resources Limited is an Australia-based company, which is engaged in exploration for minerals. The Company's activities are focused on its tenement package located in southeast Tanzania. The tenement package lies in the Mozambique Belt, which is prospective for nickel, gold, copper and graphite mineralization. Its projects include the Kishugu and Naujombo Gold targets and the Ntaka Hill Nickel Project. The Kishugu Gold target, a gold-in-soil anomaly, covers six kilometers by 600 meters, with approximately 900 pounds per barrel (ppb) assessment unit (Au), and the Naujombo Gold Target measures greater than 9.5 kilometers by 600 meters with values of approximately 810 ppb Au. The Naujombo Gold Target is located over 30 kilometers northeast of the Kishugu Gold Target. The two gold targets exhibit multi-element anomalism including arsenic, bismuth and silver. The Ntaka Hill Nickel Project comprises two tenements, is located in the north-eastern area of the Nachingwea Property.