Indiana Resources Limited (AU:IDA) has released an update.
Indiana Resources Limited recently settled a dispute with Tanzania, following the illegal expropriation of the Ntaka Hill Nickel Project, with a compensation agreement of US$90 million—a significant boost considering their last reported cash balance. The company has confirmed compliance with ASX Listing Rules, particularly after a prudent delay in announcing the settlement to ensure all conditions were met. This financial win comes after arbitration proceedings by the International Centre for Settlement of Investment Disputes.
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