Extract below regarding Muremera project with BHP - some people believe this may be massive.....
jaguar2001
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1589637&source=RNS
Final Results and Annual Report
Dwyka Resources Limited ('Dwyka' or the 'Company')
Final Results and Annual Report
"In the subsequent months, the implementation of this strategy has
seen the company acquire interests in two exciting new projects - the
Muremera nickel project, located in Burundi and owned by Dwyka's
wholly-owned subsidiary Danyland Limited ('Danyland') was acquired in
February 2007 and the Swazigold project, located in Swaziland, in
respect of which the Company has a 45% overall interest as a
consequence of its 50% shareholding in Swazi Gold Ventures (Pty) Ltd
('SGV'), the holder of a 90% interest in the project vehicle; the
acquisition of which was completed in July 2007.
The Muremera nickel project is located within 2 kilometres of the
Kabanga project, the world's largest undeveloped nickel sulphide
deposit. Located just across the border in Tanzania, Kabanga was
discovered in 1976 by the United Nations Development Programme
('UNDP'). Further UNDP surveys in 1978 resulted in the discovery of
the prospective Muremera deposits on the Burundi side of the border.
The anomalies have similar characteristics and further follow-up work
by the UNDP confirmed that massive sulphide bodies, with nickel
mineralisation, are the source of the anomalies. Extensive geophysics
and geochemical surveys have delineated numerous targets and these
are in the process of being drilled by BHP Billiton World
Exploration, Inc. ('BHPB') pursuant to an Earn-in and Shareholders
Agreement that will see the Company free-carried to the resource
concept study phase in consideration of the acquisition by BHPB of an
interest of up to 50% in Danyland."
DWY
dwyka resources limited
