Tulu Kapi gold project, Ethiopia

Nyota Minerals has applied to the government of Ethiopia to convert its Tulu Kapi exploration licence into a mining licence.

Chase takes over as Nyota CEO

Richard Chase started as CEO of explorer Nyota Minerals on Monday. Chase, who was formerly the MD of Ambrian Partners, succeeded Terry Tucker, who resigned from the company in March.

Ethiopia explorer Nyota CEO Tucker steps down

Aim- and ASX-listed Nyota Minerals CEO and director Terry Tucker resigned from the company on Thursday for personal reasons, with immediate effect. Chairperson Melissa Sturgess and technical director Martyn Churchouse would lead the company...

Nyota starts Tulu Kapi prefeasibility study after positive economic assessment

Aim- and ASX-listed Nyota Minerals has received a positive preliminary economic assessment (PEA) for the first phase development of the Tulu Kapi gold project in Ethiopia, enabling the company to progress its application to convert the exploration...

Nyota names new CEO, Sturgess remains on as chair

Aim- and ASX-listed gold and nickel exploration company Nyota Minerals has appointed Terry Tucker as CEO, with Melissa Sturgess, who was formerly both CEO and chairperson, to focus only on being chairperson. Tucker joined Nyota as COO in May this...

Nyota plans ‘serious’ exploration programme in Ethiopia

Aim- and ASX-listed gold and nickel exploration company Nyota Minerals plans to start a regional exploration programme across all its Ethiopian licence areas in October. The company’s exploration properties, which comprise seven claim blocks,...

Nyota appoints consultant for Ethiopia gold project

Africa-focused junior miner Nyota Minerals on Thursday appointed SRK Consulting to complete a preliminary economic assessment (PEA) of its Tulu Kapi gold project in Ethiopia. Nyota CEO Melissa Sturgess said that the Tulu Kapi project had reached...

Nyota expands gold exploration footprint in Ethiopia

Gold exploration company Nyota has acquired an 80% interest in a number of highly-prospective tenements stretching over a 4 500 square kilometre area, near its Tulu Kapi project, in Ethiopia, in a share-and-cash deal. It had issued 20-million...

IFC invests £3,4m in Nyota to advance Ethiopia gold project

The International Finance Corporation (IFC) has invested £3,4-million in Nyota Minerals to support a gold project in Ethiopia. The Aim- and ASX-listed Nyota, which explorers for gold and nickel, would use the IFC's investment to advance its Tulu...

IFC may buy 10% stake in Nyota

The International Finance Corporation (IFC) was considering acquiring a 10% stake in gold exploration company Nyota Minerals for about £3,4-million, which could "pave the way" for potential debt financing of Nyota's Tulu Kapi project, in...

Resources expected to increase significantly at Ethiopian gold exploration project

African-focused junior diversified miner Nyota Minerals, previously Dwyka Resources, reports a maiden inferred resource of 690 000 oz of gold at the Tulu Kapi gold exploration project, in Ethiopia, and is confident that the project’s resource...

Ethiopia gold project ‘highly prospective’ – Nyota

Gold exploration company Nyota Minerals’ Tulu Kapi project, in Ethiopia, represented a “highly prospective” gold project according to an independent technical review completed by South African mining and minerals advisory firm Venmyn. An...