News Column

Kefi Minerals - Tulu Kapi JORC Resource Estimate

August 20, 2014

ENP Newswire - 20 August 2014

Release date- 19082014 - Nyota Minerals Limited (ASX/AIM: NYO), the gold exploration company in East Africa, notes the announcement made by KEFI Minerals Plc regarding an independently verified JORC compliant Mineral Resource estimate for the Tulu Kapi Gold Project in Ethiopia.

Shareholders are directed to the KEFI website for the full announcement:

Nyota is a 25% shareholder in KEFI Minerals (Ethiopia) Limited ('KME'), which owns 100% of the

Project and is also a shareholder in KEFI, with a 10.3% interest (102,481,158 ordinary shares).

Nyota has entered in to a conditional agreement with KEFI for the sale of its shareholding in KME and the subsequent distribution of its KEFI shares to eligible Nyota shareholders by way of a capital reduction by Nyota (together 'the Transaction'). The principal outstanding conditionality of the Transaction is the approval of Nyota Shareholders at a General Meeting called for Wednesday 3 September 2014.


Any information contained in the Update should not be relied on by shareholders or potential investors when making any investment decision regarding Nyota. Nyota cautions shareholders and potential investors it has not had the opportunity to review the inputs or assumptions underlying the Mineral Resource estimation. KEFI has been responsible, as manager of the Project, for the Mineral Resource and for the engagement of Snowden Mining Industry Consultants Pty. Ltd. who have reviewed it.

For further information please visit


Nyota Minerals Limited

Richard Chase

Chief Executive Officer

Tel: +61 (0) 8 9324 2955


Daniel Stewart & Company plc

Alex Brearley

Harrison Clark

Tel: +44 (0) 20 7776 6550

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters