Jan 13 (Reuters) - Sundance Resources Ltd SDL.AX :
* Update SDL.AX
* Refers to the announcement of 23 December 2015 in relation to the porter litigation and subsequent requests for voluntary suspension
* Says made significant progress in reaching a settlement with david porter in relation to both supreme court actions
* Anticipates it will finalise the settlement and announce the details shortly, after which it will return to trading on asx.
* Says company is now assessing the impact this postponement will have on the project
* Signing of contract between government of cameroon and Chinese company to construct infrastructure for mbalamnabeba iron ore project has been postponed
* Postponement of the contract signing until market conditions improve and progress on their financing is more advanced"
* Says "postponement was unexpected for both Sundance and the government of Cameroon "
* Source text for Eikon ID:nASX1Jy3R7
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