Dwyka Resources Limited (DWY)

Dwyka Resources Limited (DWY)

Dwyka Resources Limited (DWY) - Daguma Coal Project Engineering Pre-Feasibility Study Progress Update

• Engineering site visit undertaken with very positive results.
• Mining area, haulage road route and port area inspections completed and preliminary locations for facilities identified.
• Contract for preliminary engineering and costing of port facilities awarded to Metaphil, a local construction company with a strong track record for such works.

The directors of Dwyka, together with their local Philippine partner MANA Resources Development Corporation, are pleased to announce that the Pre-Feasibility on the Daguma Coal Project is progressing ahead of expectations and according to schedule. The study manager, Sedgman Limited (‘Sedgman’) has visited the Philippines for an inspection of the project areas and for meetings with local construction companies and haulage contractors.

The outcomes of the site visit were extremely positive. Preliminary locations for the mine site, haulage road route and port area were inspected. The terrain is well suited to the establishment of the required facilities and this bodes well for project development.

Speaking today in relation to the progress report, Melissa Sturgess, Chief Executive Officer of Dwyka, said:
“We are delighted to see the logistics of this coal project exceeding our expectations and that the delivery of the pre-feasibility study remains on schedule which will enable us to continue to move forward with the project. At this early stage we remain confident in our ability to readily deliver production from Daguma to the coast for transport to export markets.”

For more information please go to www.dwykadiamonds.com

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