Dwyka Resources Limited ('Dwyka' or the 'Company')
ROYALTY RETAINED OVER INDIAN DIAMOND ASSETS
The Directors of Dwyka announce that the diversified minerals
developer India Resources Limited (ASX:IRL) has exercised its option
to acquire the prospective diamond leases held by Dwyka's subsidiary
company, AMIL Mining India Private Limited ('AMIL') and is moving to
acquire 100% of AMIL.
The AMIL leases were previously controlled by Dwyka under an
agreement with BHP Billiton. Under the terms of the pre-existing
option agreement, a 2.5% production royalty will now be due to Dwyka.
Enquiries:
In Australia
Adrian Griffin
Dwyka Resources Limited
(+618) 9324 2955
In the United Kingdom
Richard Brown
Ambrian Partners Limited
(+44) 20 7776 6417
Charlie Geller/Leesa Peters
Conduit PR
(+44) 20 7429 6604 or (+44) 7970 067 320
or visit http://www.dwyresources.com
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