Indiana Resources Limited announce that its recent technical review has highlighted multiple REE target areas within Indiana's 100% owned 5,713 km2 Central Gawler Craton Exploration Project (CGCP) in South Australia. Air Core drilling is underway at Minos. The program has been designed to test a 5km long zone within the 10 km strike length already identified along the Lake Labyrinth Shear Zone northwest of Minos.

Results are expected late January 2023. Multiple REE target areas have been identified within the CGCP for further evaluation including: Lake Labyrinth (450km2); Talia (290km2) ­ Follow up of historic drilling required; Nelson Bore (~250km2) ­ south of Petratherm's Comet REE project; Lake Labyrinth is the most advanced and includes the following prospects: Minos; Partridge - along strike NW of Minos; Company Well West ­ south of Minos trend; Hicks Well Prospect ­ south of Minos trend; AC drilling is underway at Minos targeting the main corridor and one traverse testing across strike for repetitions of REE mineralisation north and south of the main Minos trend. Further review of the Minos REE data has confirmed the following significant attributes of the Minos mineralisation in the 78 holes assayed to date: 87% of holes contained results 500 ppm TREO; 49% of holes contained results 750 ppm TREO; Clay-hosted TREO mineralisation occurs, in some cases, from a depth of only 4 metres;· Average TREO grade and thickness is 831 ppm and 27.9 metres in holes >500ppm; Longest TREO intercept in holes >500ppm is 86 metres; High value MREO averages 28% of TREO grade; Average Nd + Pr % of MREO is 77.5%; TREO up to 15,486ppm (1.6%); MREO up to 7,436ppm - 48% of TREO.