Indiana Resources Limited (AU:IDA) has released an update.
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Indiana Resources Limited has successfully secured a $90 million cash settlement from Tanzania after years of arbitration over the expropriation of the Ntaka Hill Nickel Project, marking a pivotal moment for the company. With the first two instalments received, the company has announced a special dividend and plans further shareholder distributions, contingent on the final payment in 2025. Meanwhile, Indiana is ramping up exploration in South Australia, buoyed by its improved financial footing.
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