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Indiana Resources taps experienced execs for rare earths exploration charge at Minos
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Indiana Resources has tapped the services of an experienced resources executive with intimate knowledge of its Minos project in South Australia’s Gawler Craton to lead the next stage of its development.
Richard Maish will take on the new role of CEO at Indiana (ASX:IDA) which is gearing up to begin an aircore program later this month to further beef up the rare earths elements potential that has emerged at Minos in recent months.
He brings a strong background in the resources sector, with a BA in economics and economic history from UNSW preceding a career through NAB and CIBC Wood Gundy in resources finance and as a director of CIBC’s Global Mining Group.
Maish has been an executive and CFO at Australian Mineral and Waterwell Drilling, which has provided drilling services to IDA, and is also a founding shareholder, executive and CFO at Bacchus Resources, which owns strategic positions in ASX listed explorers, an advanced exploration and development project in the NT and early stage exploration projects in New South Wales and Queensland.
““I am delighted to welcome Richard to the position of CEO. Richard will lead all exploration activities for our Central Gawler Projects and take responsibility for overall management of the company’s activities,” IDA executive chair Bronwyn Barnes said.
“With our recent REE discovery at Minos, we are keen to progress exploration activities in the field, and it is testament to the outstanding opportunity ahead to have attracted an individual of Richard’s calibre.
“It is fantastic to have strategic alignment with our drilling services contractor AMWD, who will be providing drilling equipment to immediately commence a REE drill programme at Minos.”
Separately, David Ward, Bacchus’ chief geologist, has been appointed as a non-executive director, following a long career in the resources game including with Newcrest, Clancy Exploration and Tellus Resources.
Barnes noted the strong relationship Maish and Ward already held with the company, its assets and its shareholders.
“Having a strong relationship with our shareholders is deeply embedded into Indiana’s culture, and we appreciate the support that AMWD have provided to the company since the acquisition of our South Australian assets in 2020 from Patron Resources,” she said.
“Both Richard and David have had extensive history of working on these assets with Patron Resources both as a service provider and as major shareholders of Patron and their knowledge and enthusiasm for the projects is appreciated.”
Strong supporters
The leadership reshuffle, which will also see directors Felicity Repacholi-Muir and Mike Rosenstreich resign from their roles, will see Maish and Ward step in to help lead IDA’s charge to become a player in the rare earths and EV metals space.
“As a strong supporter of the company and the project to date, I am excited to be assuming the role of CEO to lead exploration activities in SA and supporting the board on corporate matters,” Maish said.
“With strong connections to a number of significant shareholders of the company, along with the full support of my boards at both AMWD and Bacchus, I know I have a clear mandate to advance the development of the REE potential contained within Indiana’s large 100% owned project area.
“I am also excited by the potential of our gold exploration targets along with the EV Metal potential of the Harris Greenstone Belt, that have only been lightly explored to date.”
The company is currently reviewing its proposed exploration program to assess how field activities can be advanced for other commodities, with the REE aircore investigations approved and due to begin later this month.
Gold assay results from drilling at Minos are expected soon and will be released once they have been received and collated.
This article was developed in collaboration with Indiana Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
