Indo Mines Limited
ASX:IDO ISIN:AU000000IDO1
Indo Mines Limited (Indo Mines)(ASX:IDO) is an Australian-based mining and metals company. The Company is engaged in the mineral exploration and development activities. It is engaged in the iron sands development in Indonesia segment. The Company holds interest in Sapex Oilfield Services Ltd, which is a supplier of composite mats and down hole tools to the energy industry. The Company, through PT Jogja Magasa Iron, holds interest in the Kulon Progo iron sands project. Its Jogjakarta Iron Project is located approximately 30 kilometers from the city of Jogjakarta, Indonesia.
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News
Indo Mines Limited announced today a 16,000 metre drilling program had commenced on its Yogyakarta project located on the south coast of Yogyakarta Province in Central Java.
Indo Mines' (ASX: IDO) Indonesian partner, Jogja Magasa Mining ("JMM"), has signed a 16,000m Drilling Contract with Jakarta based drilling company RB Drilling to drill out the companies' Yogyakarta ironsands deposit located in Central Java on the south coast of Yogyakarta Province, Indonesia.
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