Nyota Minerals Regulatory News (NYO)

6 Aug 2008 10:02



DWYKA RESOURCES LIMITED ('DWYKA' OR THE 'COMPANY')

KIMCOR DIAMONDS PLC

The Directors of Dwyka Resources Limited ('Dwyka' or the 'Company') draws shareholders' attention to the following announcement released by Kimcor Diamonds plc on AIM overnight.  Dwyka holds a 48.2% interest in Kimcor Diamonds plc.

For further information please contact:

Melissa Sturgess +618 9324 2955

Dwyka Resources Limited

Richard Brown (+44) 20 7634 4700

Ambrian Partners Limited

Press Enquiries

Charlie Geller/Leesa Peters (+44) 20 7429 6604 or (+44) 7970 067 320

Conduit PR

or visit http://www.dwyresources.com

5 August 2008

KimCor Diamonds plc

("KimCor" or the "Company")

Diamond Sales

KimCor (AIM: KIM), the AIM quoted diamond mining company is pleased to provide an update on the Company's recent diamond sale. 

HIGHLIGHTS

10,023.55 carats of diamonds recovered and sold for a total of US$708,181.95 representing an average sales value of US$70.65 per carat;

SMI4 production totaling 7,868.71 carats sold for US$558,874 representing an average sales value of US$71 per carat;

SMI4 production included a number of larger stones recording excellent prices including individual stones weighing 24.45ct, 10.16ct, 9.65ct, 9.57ct, 7.91ct and 6.63ct returning sales values of US$166,260, US$10,363, US$12,303, US$10,981, US$8,068 and US$14,088 respectively;

Newlands production totaling 1,278.45 carats sold for US$104,857 representing an average sales value of US$82 per carat;

Newlands production included a number of larger stones including individual stones weighing 4.25ct, 3.14ct and 2.80ct returning sales values of US$4,826, US$2,620 and US$2,270 respectively;

Blaauwbosch tailings processing produced a total of 876.39 carats sold for US$44,449 at an average sales value of US$50.70 per carat;

As at 31 July 2008 a further 4,330 carats remain in inventory, which will be held for future tender.

Martyn Churchouse, CEO of KimCor commented "These sales results are encouraging particularly for the SMI4 tailings operation, where the excellent recoverable grades combined with above expectation sales values bodes well for the expansion of the operation."

Enquiries:

KimCor Diamonds plc Tel: 020 3178 6179Martyn Churchouse

Strand Partners Tel: 020 7409 3494Simon Raggett

Warren Pearce

Victoria Milne-Taylor

Bishopsgate Communications Ltd Tel: 020 7562 3350Maxine Barnes

Nick Rome