Muremera Nickel Project Phase 2 Update
• Drilling commences on the first three of 17 targets at Muremera
• Handover of the exploration programme from BHP Billiton complete and Dwyka now owns 100 per cent of the project
• Licence renewal application for the Muremera licence submitted to the Burundi authorities for approval
Dwyka Resources announces that a drilling contractor has been engaged and has commenced the second phase of diamond drilling at the Muremera Nickel Project in Burundi.
The drilling targets have been identified following intensive VTEM surveys that generated signatures consistent with massive sulphide bodies that may have a nickel signature and are approximately 10km from the Barrick/Xstrata Kabanga Project ("Kabanga"), currently the world's largest undeveloped nickel sulphide project.
Melissa Sturgess, CEO of Dwyka Resources commented "We are delighted to have secured 100% ownership from BHP Billiton who has previously invested in excess of US$7.3m into the Project. We are now proceeding on schedule with the planned exploration programme at Muremera and remain optimistic about the project's potential."