Ethiopia - Introduction
Introduction
Nyota holds three licences in Ethiopia. The Tulu Kapi–Ankore and Yubdo Exploration Licences are held for gold exploration, whilst the Yubdo Mining Licence is held for platinum mining. Nyota's Exploration Licences are located in western Ethiopia in Wellega Province, Oromiya Regional State, in Western Ethiopia, approximately 360 kilometres west of the capital Addis Ababa. The Yubdo Mining Licence is centred on Latitude 9° 10’ 00” South and Longitude 35° 35' 00" East.
Nyota holds three licences in Ethiopia. The Tulu Kapi–Ankore and Yubdo Exploration Licences are held for gold exploration, whilst the Yubdo Mining Licence is held for platinum mining. Nyota's Exploration Licences are located in western Ethiopia in Wellega Province, Oromiya Regional State, in Western Ethiopia, approximately 360 kilometres west of the capital Addis Ababa. The Yubdo Mining Licence is centred on Latitude 9° 10’ 00” South and Longitude 35° 35' 00" East.
Exploration and mining licence location map
Nyota’s licences overlie a volcano-sedimentary sequence which is part of the Pan-African system and has affinities with the ophiolite suites of the Arabian-Nubian shield which host numerous economic gold deposits. Alluvial gold is widespread throughout the area and a number of hard rock and eluvial deposits have been worked historically.