Summary

• Memorial submission lodged with ICSID outlining quantum of compensation claim and damages against the United Republic of Tanzania for the expropriation of the Ntaka Hill Nickel Project
• The Memorial provides the basis for compensation to the Claimants in the amount of AU$127 million, including interest which continues to accrue
• Arbitral panel has confirmed the procedural timetable for arbitration - to conclude mid 2023
• All legal costs funded through US$4.65m litigation funding facility