Board Change • Jul 03
Less than half of directors are independent Following Non-Executive Director David Wheeler's arrival on 01 July 2026, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Bob Adam was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
Indiana Resources Limited Announces Board Changes, Effective July 1, 2026 Indiana Resources Limited announced the appointment of Mr. David Wheeler as a Non-Executive Director of the Company, effective July 1, 2026. The appointment coincided with the resignation of Ms Maja McGuire, who stepped down from the Board. David Wheeler brought to Indiana more than 30 years of senior executive management, directorship and corporate advisory experience. He is a founding Director and Partner of Pathways Corporate, a boutique corporate advisory firm that provides strategic advisory services to family offices, private clients and ASX-listed companies. David Wheeler is a Fellow of the Australian Institute of Company Directors (FAICD). He is currently Non-Executive Director of OZZ Resources Limited, Avira Resources Ltd, Union Star Metals Limited, Ragnar Metals Ltd, MOAB Minerals Ltd, Cycliq Group Ltd, Earths Energy Ltd, Invex Therapeutics Ltd. and YUGO Metals Ltd. Indiana Resources Limited also announced that Ms Maja McGuire resigned from the position of Non-Executive Director effective July 1, 2026, to focus on other business interests and directorships. Ms Maja McGuire was appointed as Interim Managing Director of Kuniko Limited. Announcement • Jun 24
Indiana Resources Limited Provides Update on Company Well Drilling Program Indiana Resources Limited wishes to advise that the planned drilling program at Company Well has been further delayed due to road closures resulting from a significant weather system affecting access to the project area. Despite the Company's readiness to commence drilling, access restrictions have prevented mobilisation of the drill rig to site within the scheduled timeframe. As a consequence, the drilling contractor has advised that the rig will now be required to move to its next contracted project. The Company has worked closely with the drilling contractor to secure the earliest available opportunity to start the program. The rig is currently expected to return to site in mid-August 2026, subject to weather conditions and access being available. The Company remains committed to the drilling program, which is designed to test the extent of mineralisation at Company Well. No changes are proposed to the scope of the planned drilling activities. The Company will provide further updates as mobilisation is finalised and drilling started. This announcement is authorised for release by the Board of Directors of Indiana Resources Limited. 
