Coffee with Samso: Indiana Resources is all about the Gawler Craton
What attracted me to Indiana Resources Ltd (ASX:IDA) (FRA:GDM) were the projects they operated in the Gawler Craton. In the mid to late 1990s, the Gawler Craton was the place to be for mineral explorers. Discoveries such as Prominent Hill were made in 2001 and got the attention of many companies that were driven to seek further resources. Discoveries were being made but reality soon set in. Investors came to understand and realise that the remoteness and the lack of infrastructure were not aligned to market volatility. Interest in this region eventually faded away and funding was not easy to source for support of any concepts. This led to the Gawler Craton story to being unloved over time. Interestingly enough, it is this exact stage of the story that gets me all excited. Nearly two decades of neglect in this region has now created a situation of a new frontier in Australia''s backyard. Can you imagine the area in and around Challenger having no other major resource of mines? A similar situation around any of the other major mines and you would see numerous mining activities.
Coffee with Samso: Indiana Resources is all about the Gawler Craton
What attracted me to Indiana Resources Ltd (ASX:IDA) (FRA:GDM) were the projects they operated in the Gawler Craton. In the mid to late 1990s, the Gawler Craton was the place to be for mineral explorers. Discoveries such as Prominent Hill were made in 2001 and got the attention of many companies that were driven to seek further resources. Discoveries were being made but reality soon set in. Investors came to understand and realise that the remoteness and the lack of infrastructure were not aligned to market volatility. Interest in this region eventually faded away and funding was not easy to source for support of any concepts. This led to the Gawler Craton story to being unloved over time. Interestingly enough, it is this exact stage of the story that gets me all excited. Nearly two decades of neglect in this region has now created a situation of a new frontier in Australia''s backyard. Can you imagine the area in and around Challenger having no other major resource of mines? A similar situation around any of the other major mines and you would see numerous mining activities.