Stocktube video
31/01/2012

Nyota Minerals CEO says 2012 looks very exciting for the company

View full size
Additional Information
Market: AIM / ASX
Sector: General Mining - Gold
EPIC: NYO
Latest Price: 7.63p  (-0.65% Descending)
52-week High: 25.50p
52-week Low: 5.00p
Market Cap: 36.48M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Nyota Minerals
www.nyotaminerals.com

Nyota Minerals Limited (Nyota) is a mineral exploration and development company dual listed on the AIM Market of the London Stock Exchange (AIM:NYO.L) and the Australian Stock Exchange (ASX:NYO.AX). We are focused on the exploration and concurrent development of Tulu Kapi, our flagship project in Western Ethiopia. Total Inferred JORC Resource containing 1.46 million ounces of gold (15.96 million tonnes @ 2.84g/t gold). The Company is actively exploring several priority targets proximal to Tulu Kapi as well as regional gold targets in the northern blocks which Nyota believes have the potential to become future standalone projects.

Pdf

Nyota Minerals completes exit from Philippines through sale of Daguma coal project stake

4th Feb 2010, 11:13 am Nyota Minerals completes exit from Philippines through sale of Daguma coal project stake

Nyota Minerals (AIM: NYO) has completed its planned exit from the Philippines by selling its non-core 8% stake in the Philippine Daguma coal project for US$1.7 million to provide additional funds to advance the ongoing exploration of its flagship Tulu Kapi gold project in Ethiopia.

“This exit from the Philippines strengthens our cash position to focus on our primary objective to quickly and efficiently substantially increase the JORC measured gold resource at Tulu Kapi,” said chief executive Melissa Sturgess.

The announcement comes just a day after Nyota reported on the results of metallurgical tests at Tulu Kapi, which it said would support prefeasibility level capital and operating cost estimates for a gold recovery plant and demonstrated potential for high recoveries and low operating costs when the project commences production.

The company raised £2.25 million to accelerate drilling at Tulu Kapi in December, two months after an independent technical review by Venmyn Rand to NI43-101 standard confirmed that the project was highly prospective with good upside potential from additional mineralisation and high gold recoveries from testwork.

Back in January, London based independent stockbroker Ocean Equities Ltd said that the Tulu Kapi gold resource may dwarf its initial 1 Moz estimate.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.