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.
For further insights into AU:IDA stock, check out TipRanks’ Stock Analysis page.
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