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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Potential
Muremera 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 (view diagram). (replace view diagram with view plan) 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

Geophysical anomalies at Muremera are similar to those at Kabanga, with sulphides identified within target zones and nickel identified in the sulphide occurrences. The Muremera Exploration licence has been renewed and recent exploration has returned encouraging results..

Exploration success
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. Exploration has comprised stream sediment and soil geochemical sampling, rock chip analysis, trenching and the use of a variety of geophysical techniques to identify nickel targets for detailed follow up with diamond drilling.

• Phase 1 drilling over seven of the targets returned encouraging results that included mineralised intersections of approximately 1% Ni over widths of 4.27m and 6.99m. Phase 2 exploration drilling was completed on a further seven target
• Typically exploration for nickel sulphides is a systematic process and early drilling programmes frequently are aimed at identifying prospective geological formations specifically to identify these styles of magmatic mineralization as they are indicators of large, high-grade nickel bearing sulphide deposits such as those discovered at the neighbouring Kabanga North, thought to be the world's largest undeveloped nickel sulphide deposit. Encouragingly, four out of seven drill holes contain these styles of magmatic mineralization.

Stratigraphically lower olivine cumulate bodies were encountered in two of the ultramafic bodies. Whilst the mineralization encountered to date in these holes is weak, they represent important evidence of multiple pulses of ultramafic magma, a positive indicator for existence of higher tenor sulphides at Muremera.

Encountering both styles of magmatic mineralisation diagnostic of nickel sulphide deposits during the recent drilling programme is a very positive step as sulphide mineralisation is an essential prerequisite in order to identify nickel bearing zones of the type targeted at Muremera. Based on the recent exploration successes, the next phase of exploration will be able to focus on the most prospective areas within the Licence, and the use of a more refined exploration process will be used to discover and delineate economic nickel targets

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