Indiana Resources

Indiana Resources (formerly IMX Resources until 22 June 2016) is a dual-listed iron ore mining and base and precious metals exploration company based in Perth, Western Australia. The company was first listed on the Australian Stock Exchange on 17 August 1994.^[1] It changed its name to Indiana Resources Limited in 2016.^[2] When IMX's now-closed Cairn Hill mine commenced production in 2010 it became the first new South Australian iron ore mine in over a century.^[3] IMX was also the first Australian iron ore company to operate the rotainer bulk export system, which is now in use at a number of other sites around the country.^[4]

Indiana Resources

Company type	Public
Traded as	ASX: IDA
Industry	Mineral exploration
Predecessor	IMX Resources
Headquarters	Perth, Western Australia , Australia
Website	indianaresources.com.au

Cairn Hill Mining Operation

Main article: Cairn Hill mine

IMX operated the Cairn Hill iron ore mine, located 55 km from Coober Pedy in South Australia. The product was shipped to China. Cairn Hill was a joint venture between IMX Resources (51%) and Sichuan Taifeng (49%).^[5]

The Cairn Hill Mining Operation was commissioned in May 2010 and commenced production in December 2010. It was closed in 2014.^[6] IMX shifted its focus to the Mount Woods Magnetite Project.^[7]

Nachingwea Regional Exploration Project

IMX owns and operates the highly prospective Nachingwea Regional Exploration Project in south-east Tanzania, which includes the Ntaka Hill Nickel Sulphide Project. Nachingwea is a large tenement package, located approximately 200 kilometres from the port of Mtwara, with the potential to host multiple mineralised systems. Recent exploration has proven occurrences of high-grade and disseminated nickel and copper sulphides, gold and graphite.^[5]

Mount Woods Magnetite Project, South Australia

IMX is actively exploring its Mt Woods Magnetite Project in South Australia, where it has identified the Snaefell Magnetite Deposit and a number of other substantial magnetite exploration targets. IMX is seeking to develop a 1.8-3.5Mtpa mining project at Snaefell utilising infrastructure from the now-closed Cairn Hill mine, and is presently seeking a cornerstone investor willing to fund the project development costs. IMX retains a pipeline of strategic investments and a portfolio of base and precious metal exploration assets in Australia and southern Africa.^[5][6]