JOHANNESBURG (miningweekly.com) – ASX- and Aim-listed Dwyka Resources, through its wholly owned subsidiary Danyland, has secured full ownership of the Muremera nickel project, in Burundi, following an agreement with diversified mining giant BHP Billiton.

The company would now proceed with the planned exploration programme.

Dwyka has identified the three highest priority targets in its exploration programme for drilling. The targets were about 10 km from the Barrick/Xstrata Kabanga project, which was currently the world’s largest undeveloped nickel sulphide project.

There was also a number of other identified drilling targets. However, the three located near Kabanga would be the immediate focus of the exploration programme, which was expected to start in May this year.

Despite BHP having satisfied its earn-in requirements to be entitled to a 10% interest in the project through its investment of some $7,3-million into the project, Dwyka would retain 100% ownership.

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