"It will update the market on a nickel joint venture with BHP Billiton (BLT) within a fortnight. Drill results will be a precursor to a bigger exploration programme in early 2008. BHP is spending $5.2 million to earn up to 50% of the Muremera project. Dwyka believes this is an extension of mineralisation seen at Kabanga, the world’s largest undeveloped nickel sulphide deposit, where Xstrata (XTA) is earning a 50% stake. A new drilling campaign starts next week at Dwyka’s Swaziland gold project formerly owned by Harmony, the world’s fifth largest gold producer. It hopes to fast-track development on the estimated two million ounce gold deposit and start production by mid-2008. It is seeking a third project, potentially nickel or platinum, to give near-term cashflow"
DWY
dwyka resources limited
