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Burundi - Nickel

Introduction
Nyota has a 100% interest in the Muremera nickel project in Burundi, Africa, which it acquired in January 2007. The Deposit has a similar geology to nearby Kabanga, currently the world’s largest undeveloped nickel sulphide project.

The Company controls the Muremera Nickel Project through its wholly owned subsidiary, Danyland Limited, which holds the exploration rights for nickel and associated minerals in the project area.


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The project is located within one of the world's principal nickel provinces, only 2 kilometres from, almost adjacent to and in the same geological sequence as, the giant Kabanga deposit in Tanzania.

As at December 2006, the Kabanga resource was as follows.

  Category   Tonnes Ni
(%)
Cu
(%)
Co
(%)
Au
(g/t)
Pt
(g/t)
Pd
(g/t)
Ag
(g/t)
  Indicated   9,700,000 2.37 0.32 0.19 0.04 0.07 0.09 1.04
  Inferred   36,300,000 2.8 0.4 0.2 0.1 0.3 0.3 1.5

Ni = nickel; Cu = copper; Co = cobalt; Au = gold; Pt = platinum; Pd = palladium; Ag = silver; g/t = grams per tonne

Over US$7.5 million was spent by BHP Billiton on the project which has enabled Nyota to fast track the work programme in order to identify 24 priority drill targets.

Please go to announcements for the most up-to-date information on Nyota's Muremera nickel project.