Indiana Resources Limited (AU:IDA) has released an update.
Indiana Resources Limited has completed drilling programs at its Minos and Hopeful Hill prospects, targeting high-grade gold and rare earth element (REE) mineralization, with assay results anticipated in August. The company also advanced its arbitration proceedings with ICSID against Tanzania, with the award amount plus interest and legal costs totaling approximately USD$125 million. Additionally, Indiana Resources raised about $1.1 million through a 1-for-30 rights issue, with directors fully subscribing to their entitlements.
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