Jay053
10 Feb 2015
Re: RNS 30p based on what?
proud as acamel
10 Feb 2015
Re: RNS Buy buy buy....30 pence by June.
robjm66
10 Feb 2015
Re: RNS [link]
Jay053
10 Feb 2015
Re: RNS 10 February 2015Nyota Minerals Limited ('Nyota' or 'the Company')Acquisition of Italian Nickel Project Nyota Minerals Limited (ASX/AIM: NYO) is pleased to announce that it has entered into a binding agreement for the acquisition of 70% of KEC Exploration Pty ('KEC') which owns 100% of an exploration permit for nickel and associated base and precious metals in the Piemonte Region of Italy ('the Ivrea Project') and has three applications pending for exploration permits in the same area (Figure 1 on the corresponding attachment). Highlights:· Previously producing, yet underexplored project area represents a strong opportunity in line with Nyota's strategy to pursue new prospective mineral opportunities· Permitted land position of 31.3 sq km with a further 85.5 sq km under application across the northern part of the Ivrea Gabbroic Complex in northwest Italy, which is prospective for gabbro-related nickel - copper deposits with associated platinum group metals· The current permit includes at least five underground historic nickel mines· Grab samples from these five by Nyota returned metal contents of up to 0.6% nickel and 3.8% copper· Annual production for the district was 30-40 tonnes of nickel from ore with nickel grades typically ranging from 0.3-1.5% nickel· Grab samples by Nyota from other historic mines in permits under application returned metal contents of up to 2.9% nickel· Historical data indicates the potential for Platinum Group Metals (PGM), gold and cobalt credits· Exploration upside potential - almost no modern exploration has been conducted in the vicinity of the old mines or for possible hidden orebodies associated with the gabbroic complex· Nyota will focus on an airborne geophysical survey and the compilation of all available data on a geographic information system (GIS) during the first year:· Electromagnetic survey will investigate the potential for depth and strike extensions of known sulphide rich orebodies and indicate the presence of previously undiscovered near-surface mineralisation· This will enable a rapid and well-informed assessment of the need to either dewater and make safe some of the old mine workings for underground drilling, or to prioritise from-surface drilling of new anomalies and extensions of known mineralisation· Initial Consideration of 75 million new ordinary shares in Nyota and A$100,000 (of which A$75,000 is for licence-related costs) to acquire 70% of KEC Richard Chase, Chief Executive Officer, said "This acquisition represents an exciting opportunity in a prospective mineral jurisdiction and having considered a number of new opportunities, we are confident that the Ivrea Project meets our requirements due to the excellent geological profile of the region and the strong upside potential. "Exploration can lead to significant and rapid value creation for shareholders. The Ivrea Gabbroic Complex is underexplored and has never been subject to a modern geophysical survey, despite the presence of sufficient metal sulphide mineralisation to have justified mining over an extended period at multiple localities. In addition, the entry costs are realistic and the vendors, who are our new colleagues, can contribute significantly and retain a sufficient interest so as to want do so." To view a copy of the announcement which includes Figure 1, please click here: [RNS to insert]. [link] view a presentation providing further details on the Ivrea Project, please click here:[link] Acquisition Nyota has agreed to pay a consideration of 75 million new ordinary shares in Nyota ("Ordinary Shares"
and cash of A$100,000 to acquire 70% of the issued share capital of KEC ("Consideration". Based on the closing mid-market price of an Ordinary Share of 0.04p on 9 February 20
robjm66
10 Feb 2015
Re: RNS [link]
robjm66
10 Feb 2015
Re: RNS [link]
proper pasty
31 Jan 2015
Re: This share... and the General Manager of the Towester Licences is....Answers on the forum please......Oh we did that 2 years ago LOL
robjm66
31 Jan 2015
Re: This share... top page and page 39[link]
robjm66
30 Jan 2015
Re: This share... [link]
robjm66
27 Jan 2015
Re: This share... [link]
robjm66
27 Jan 2015
Re: This share... [link]
robjm66
27 Jan 2015
Re: This share... [link] Ethiopians have effectively stuffed Nyota now and think the reason given is an excuse. Without this going ahead giong to be hard to impossible to unlock value from their remaining areas apart from maybe selling them to the Chinese for fire sale prices. Which could well be the reason they went cool on the idea of giving Nyota the go ahead either that or they simply did not trust Nyota after previous setbacks.Nyota Minerals, off 33%. The company said its Towchester Investment Company Ltd subsidiary hadn't been granted a mining license for alluvial gold mining on the Abay River in Ethiopia and it won't be appealing the decision. It said the Ethiopian government had decided that a new dam being built on the river with the aim of transforming the country's economy was so much in the national interest that it wasn't going to risk any negative impact from mining activities. The government decided the risks outweigh the potential economic gains it would get from gold royalties and taxes from mining ahead of the flooding that would follow completion of the dam. - See more at: [link]
robjm66
08 Jan 2015
Re: This share... All depends on whether they get to go ahead to mine the alluvial gold deposit it. It did look promising for a while but there are suggestions the ministry are taking a harder line. NYO may still though get permission it could go either way. The Minister of Mines , Tolossa Shagi Moti, told The Reporter that the ministry is evaluating Nyota’s proposal to mine the alluvial gold deposit along the Abay river, near the GERD. “A decision has not been made. We are assessing their proposals,” Tolossa said.
crb450
07 Jan 2015
Re: This share... Is there any remote possibility this will recover? Or are people just cutting their losses and selling?
beach_dude
06 Jan 2015
Re: This share... Yes this share is a joke, fortunately not going bust yet as still have about $1.2m cash
