Indiana Resources Secures Final Consent Award, Ends Tanzania Arbitration
Indiana Resources has resolved its long-standing arbitration dispute with Tanzania, clearing the way to concentrate on its promising Australian gold exploration projects.
- Comprehensive settlement reached with Tanzania ending all arbitration disputes
- London International Court of Arbitration issues Consent Award confirming resolution
- International Centre for Settlement of Investment Disputes discontinues annulment proceedings
- No further taxes or penalties owed by Indiana’s Claimant group in Tanzania
- Company refocuses on gold exploration in South Australia’s Gawler Craton
Background to the Dispute
Indiana Resources Limited (ASX – IDA), a mining exploration company with a focus on gold and base metals, has announced a significant milestone in its dealings with the United Republic of Tanzania. The company had been engaged in arbitration proceedings related to its joint venture operations in Tanzania, involving its majority-owned entities Ntaka Nickel Holdings Ltd and Nachingwea UK Ltd. These proceedings stemmed from disputes over financial and operational matters that had lingered since mid-2024.
Settlement and Legal Closure
On 29 December 2025, Indiana Resources confirmed that a comprehensive settlement had been reached by consent with the Tanzanian government. This agreement has been formalised through a Consent Award issued by the London International Court of Arbitration, effectively bringing the arbitration to a close. Additionally, the International Centre for Settlement of Investment Disputes (ICSID) has discontinued the annulment proceedings, marking a complete legal resolution of the dispute.
Financial and Operational Implications
Crucially for investors, Indiana Resources confirmed that no further taxes, penalties, or financial obligations are owed by the Claimant group in Tanzania. This removes a significant overhang of uncertainty that had weighed on the company’s operations and share price. The settlement follows earlier partial payments received from Tanzania, including a notable US$30 million tranche earlier in 2025, as part of the original US$90 million settlement framework announced in July 2024.
Strategic Refocus on Australian Assets
With the Tanzanian dispute behind it, Indiana Resources is now turning its full attention back to its core exploration portfolio in South Australia’s Gawler Craton. The company holds over 5,000 square kilometres of tenements in this highly prospective region, strategically positioned near historic gold mining centres such as Tunkillia and Tarcoola. These assets represent a promising growth avenue, particularly as global demand for gold and rare earth elements remains robust.
Looking Ahead
Managing Director Matthew Bowles expressed optimism about the company’s future, thanking shareholders for their support throughout the protracted dispute and signalling a renewed focus on exploration activities. The resolution with Tanzania not only clears legal and financial hurdles but also allows Indiana Resources to allocate resources and management attention to advancing its Australian projects, which could unlock significant value in the coming years.
Bottom Line?
With legal disputes settled, Indiana Resources is poised to accelerate exploration and unlock value in its Australian gold assets.
Questions in the middle?
- What exploration milestones can investors expect from Indiana’s Gawler Craton projects in 2026?
- Are there any residual risks or contingent liabilities related to the Tanzania settlement not yet disclosed?
- How will the company allocate capital between its Australian assets and any ongoing joint venture activities?
