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Last A$0.0010 AUD
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NYO On Other Exchanges
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As of 2:10 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

nyota minerals ltd (NYO) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
02/11/15 - A$0.0060
52 Week Low
09/18/14 - A$0.0010
Market Cap
919.6K
Average Volume 10 Days
40.2K
EPS TTM
A$-0.0037
Shares Outstanding
919.6M
EX-Date
--
P/E TM
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Current Stock Chart for NYOTA MINERALS LTD (NYO)

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nyota minerals ltd (NYO) Details

Nyota Minerals Limited explores for and develops gold properties in Ethiopia. It primarily holds interests in two exploration licenses, including the Brantham and Towchester licenses that cover approximately 2,300 square kilo meters in the Northern Blocks in Ethiopia. The company is based in West Perth, Australia.

6 Employees
Last Reported Date: 09/30/14

nyota minerals ltd (NYO) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$247.7K
Chief Financial Officer
Total Annual Compensation: A$166.6K
Business Development Manager
Total Annual Compensation: A$163.3K
Compensation as of Fiscal Year 2014.

nyota minerals ltd (NYO) Key Developments

Nyota Seeks To Sell Ethiopian Assets

Nyota Minerals Limited (AIM:NYO) is conducting a strategic review of its Ethiopian assets and continues to hold discussions pertaining to the sale of the assets.

Nyota Minerals Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2014

Nyota Minerals Limited announced consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported other revenues from continuing operations of $4,246 compared with $4,671 for the same period a year ago. Loss before tax was $2,518,100 compared with $1,098,657 for the same period a year ago. Loss for the period from continuing operations was $2,518,100 or 0.003 cents per basic and diluted share compared with $1,098,657 or 0.001 cents per basic and diluted share for the same period a year ago. Loss for the period after tax was $2,518,100 compared with profit for the period after tax of $6,681,476 for the same period a year ago. Net cash used in operating activities was $1,142,863 compared with $2,596,479 for the same period a year ago. Payments for plant and equipment of $3,792 and project generation payments of $31,309.

Nyota Minerals Limited Provides Licensing Renewal Update for Its 100% Owned Northern Block Exploration Licenses in Western Ethiopia

Nyota Minerals Limited to provide a licensing update for its 100% owned Northern Block exploration licenses in Western Ethiopia ('Northern Blocks') and its strategy. The application for the renewal of the Towchester license was for the Gombo block only. The decision having been taken that further exploration expenditure could not be justified on the Dura Block as the likelihood of discovering a deposit that is economically viable at this time, is low and without a commitment to exploration expenditure the chances of the license being renewed were also low. The application for the renewal of the Brantham license included only the statutory 25% reduction in the area. The main body of the license being characterized by a northwest alignment of anomalies and targets extending for approximately 45km from Boka West in the southeast to Tsoli-Mole in the northwest, running through Bendokoro in the middle and interpreted to be located along a NW-SE trending regional scale structure. In the event the following license areas have been renewed this week by the Ministry of Mines with an effective date of 30 July: Brantham 717 km2 (reduced from 1,346 km2); Towchester 48 km2 (reduced from 1,002 km2), excluding the mining licence application area of 48km2. The new licenses keep intact the NW-SE lineament of anomalies within the Brantham area and preserve for Nyota the extension of that lineament in the Towchetser license; which is particularly important as this is immediately adjacent to the Boka West target. However the remainder of the Towchester license has either been relinquished or was not renewed. The application for a Mining License, submitted in the name of Towchester for the conversion of a portion of the exploration license as it was in April 2014, is unaffected by the decision not to renew or to issue exploration licenses for any areas that will be affected by the rising water of the dam. Indeed, the intent of this application and its timeliness was precisely because the river gravels will be submerged and their value otherwise lost. The application is still being considered by the Ministry of Mines and, as is necessary, by other government departments. Those deliberations are internal and Nyota cannot, therefore, report progress with the application. The need to preserve cash and to focus human resources means that the preparations reported in September have been suspended until such time as it has a clear and unequivocal view of the likely outcome and timing.

 

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