12th Mar 2007 07:07
Dwyka Diamonds Limited12 March 2007 DWYKA RESOURCES LIMITED ('DWYKA' OR THE 'COMPANY') RESULTS OF GENERAL MEETING The Directors of Dwyka Diamonds Limited ("Dwyka" or "the Company") are pleasedto announce that all Resolutions placed before shareholders at a General Meetingheld today at the Company's offices were approved. Details are attached. Dwyka is now focused on its diamond assets in Africa, as well as the recentlyacquired Muremera Nickel Project in Burundi (via Danyland Limited) and theSwaziGold Project in Swaziland (via Swazi Gold Ventures (Pty) Limited). Muremera Nickel Project, Burundi The Muremera licence is located within 2km of the Kabanga project, possibly theworld's largest undeveloped nickel sulphide deposit. The Kabanga deposit, which is located immediately across the border in Tanzania,was discovered by geophysical prospecting, by the United Nations DevelopmentProgramme ("UNDP"), in 1976. Further UNDP surveys in 1978 resulted in thediscovery of the prospective Muremera deposits on the Burundi side of the borderin 1978. The anomalies have identical characteristics and follow-up work by theUNDP has confirmed that massive sulphide bodies, with nickel mineralisation, arethe source of the anomalies. Extensive geophysics and geochemical surveys havedelineated numerous targets; however there has been insufficient drilling todate to establish a JORC compliant resource. On 26 February the Company announced that it had signed an Earn-in andShareholders Agreement with BHP Billiton pursuant to which BHP Billiton hasagreed to spend US$5,200,000 on the exploration programme at the Project. SwaziGold Project, Swaziland The Project is located in Swaziland, in the highly prospective ArchaeanBarberton Greenstone Belt that straddles the border between Mpumalanga Province,South Africa and Swaziland. Such Greenstone Belts host many major gold depositsin South Africa, Canada, and Australia, including the giant Kalgoorliegoldfield. The Barberton Greenstone Belt was the location of the first golddiscovery in South Africa, and subsequent gold rush in 1884. Since that time,the belt has produced 11.5 million ounces of gold. Current underground minesinclude the Fairview, Sheba and Consort Mines of Barberton Mines Limited,controlled by Metorex Limited. The project area is a large 425km2 'greenfields' exploration play with manytargets ranging from 'walk up' advanced drilling targets to promisinggeochemical anomalies. The prospective licence area comprises more than 40km ofstrike length containing multiple mineralised structures and more than 40 goldshowings. Historic detailed drilling has been restricted to the Wyldsdale,Lomati and Daisy prospects where cumulative drilling by previous owners is inexcess of 13,000 metres. Dwyka's initial conclusion from a review of the geology and of this historicwork is that the potential exists for several million tonnes of high grade goldmineralisation. The technical exploration and mining information contained in the aboveannouncement has been reviewed by Ed Nealon, who has sufficient experience whichis relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is qualified as a Competent Person asdefined in the 2004 Edition of the 'Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves'. Mr Nealon is a DwykaDiamonds Ltd Director and provides consulting services via his company, AthloneInternational Pty Ltd. Ed Nealon consents to the inclusion in this announcement of the matters based onhis information in the form and context in which it appears. RESULTS OF GENERAL MEETING Dwyka Diamonds advise the following resolutions placed before shareholders at aGeneral Meeting on 12 March 2007 were approved as follows: Special Resolution 1 as set out in the Notice of Meeting to Change the CompanyName was passed by a show of hands. Proxy details in respect of this resolutionwere as follows: i. there were 12,707,934 proxy votes in respect of which the appointmentsspecified that the proxy vote for the resolution; ii. there were 0 proxy votes in respect of which the appointments specified thatthe proxy vote against the resolution; iii. there were 0 proxy votes in respect of which the appointments specifiedthat the proxy abstain on the resolution; iv. there were 0 proxy votes in respect of which the appointments specified thatthe proxy may vote at the proxy's discretion; Ordinary Resolution 2 as set out in the Notice of Meeting to Ratify the issue ofshares to Allerton Horizon Ltd was passed by a show of hands. Proxy details inrespect of this resolution were as follows: i. there were 12,707,934 proxy votes in respect of which the appointmentsspecified that the proxy vote for the resolution; ii. there were 0 proxy votes in respect of which the appointments specified thatthe proxy vote against the resolution; iii. there were 0 proxy votes in respect of which the appointments specifiedthat the proxy abstain on the resolution; iv. there were 0 proxy votes in respect of which the appointments specified thatthe proxy may vote at the proxy's discretion; Ordinary Resolution 3 as set out in the Notice of Meeting to Ratify the issue ofshares to Allerton Horizon Ltd was passed by a show of hands. Proxy details inrespect of this resolution were as follows: i. there were 12,707,934 proxy votes in respect of which the appointmentsspecified that the proxy vote for the resolution; ii. there were 0 proxy votes in respect of which the appointments specified thatthe proxy vote against the resolution; iii. there were 0 proxy votes in respect of which the appointments specifiedthat the proxy abstain on the resolution; iv. there were 0 proxy votes in respect of which the appointments specified thatthe proxy may vote at the proxy's discretion; Ordinary Resolution 4 as set out in the Notice of Meeting to Approve the issueof Shareholder Share Purchase Plan Shortfall Shares to clients of Montagu waspassed by a show of hands. Proxy details in respect of this resolution were asfollows: i. there were 12,707,934 proxy votes in respect of which the appointmentsspecified that the proxy vote for the resolution; ii. there were 0 proxy votes in respect of which the appointments specified thatthe proxy vote against the resolution; iii. there were 0 proxy votes in respect of which the appointments specifiedthat the proxy abstain on the resolution; iv. there were 0 proxy votes in respect of which the appointments specified thatthe proxy may vote at the proxy's discretion; Ordinary Resolution 5 as set out in the Notice of Meeting to Approve thePlacement of up to 7,258,065 shares was passed by a show of hands. Proxy detailsin respect of this resolution were as follows: i. there were 12,707,934 proxy votes in respect of which the appointmentsspecified that the proxy vote for the resolution; ii. there were 0 proxy votes in respect of which the appointments specified thatthe proxy vote against the resolution; iii. there were 0 proxy votes in respect of which the appointments specifiedthat the proxy abstain on the resolution; iv. there were 0 proxy votes in respect of which the appointments specified thatthe proxy may vote at the proxy's discretion; For further information please contact: Melissa Sturgess (Chairman, Dwyka Diamonds): +61 (0)8 9324 2955Adrian Griffin (CEO, Dwyka Diamonds): +61 (0)8 9324 2955Richard Brown (Ambrian Partners): +44 (0)207 776 6417Richard Chase (Ambrian Partners): +44 (0)207 776 6461Laurence Read/Leesa Peters (Conduit PR): +44 (0)207 429 6605 or +44 (0)7979 955 923 Or visit http://www.dwykadiamonds.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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