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Minos remains open along strike and at depth and the RC drill programme has been designed to test the extension of the mineralised zone.
With funding in place secures all legal costs associated with arbitration. Indiana is adequately resourced to deliver a positive outcome.
ASX-listed Indiana Resources expects to begin arbitration with the Government of Tanzania over the illegal expropriation of the Ntaka Hill nickel project and other breaches of the UK-Tanzania BIT in Q1, 2021.
“The lodgement of our RfA formally commences the arbitration process and we will now prepare to present our full claim for compensation."
The lack of response reflects the disdain that has been shown toward international mining investors since 2017 when Mining Code was revised.
Indiana Resources has updated the status of its on legal activities in relation to its majority shareholding position in Ntaka Nickel in Tanzania.
Indiana Resources proposed joint venture agreement with Altus Strategies for the Lakanfla and Tabakorole gold projects in Mali remains firmly on track.
Indiana Resources’ technical due diligence activities have verified a large target at Lakanfla, Mali.
Cradle Arc has announced that Caracal Gold Mali SARL and Mukuyu Resources have JV'd for the exploration and development of the Kossanto gold project.
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