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Pin to quick picksKeras Res Share News (KRS)

Share Price Information for Keras Res (KRS)

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Share Price: 2.70
Bid: 2.60
Ask: 2.80
Change: 0.00 (0.00%)
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Open: 2.95
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Keras "Firmly On Track" To Generate Gold Revenues In Second Quarter

Thu, 17th Mar 2016 09:13

LONDON (Alliance News) - Keras Resources PLC on Thursday said it remains "firmly on track" to begin generating revenue from gold production at the Grants Patch area in the second quarter of 2016 after the company completed its first blast at the Anomaly 22 project.

Keras has agreements in place to mine lease areas owned by other companies, and is currently working on the Anomaly 22 project within the Grants Patch Gold Tribute lease area in western Australia.

Keras has now completed the first blast, using explosives or pressured gas to break rock for excavation, and said mining is expected to begin at the start of next week. That mining will form part of an initial bulk sample of up to 10,000 tonnes of ore to confirm grade continuity, mining practices and ore delivery mechanisms to the Paddington Mill.

"In November 2015 the company embarked on a new strategy to mitigate the cyclical risk of the commodity sector through the fast-tracked development of gold tributes in Australia. The first blast at the Anomoly 22 project, within four months of the strategic re-alignment, is a major milestone for the company," said Managing Director Dave Reeves.

"During that time the company has also secured two additional tribute agreements and looks forward to achieving its goal of extracting 20,000 to 30,000 ounces of gold over the course of the next year," Reeves added.

Keras shares were up 6.6% to 0.880 pence per share on Thursday morning.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Keras Resources restored to trading on AIM

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6 Jul 2023 12:19

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REPEAT: Keras Resources confirms Togo payment, Falcon Isle updates

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IN BRIEF: Kera Resources confirms Togo payment, Falcon Isle updates

Keras Resources PLC - mine developer focused on West Africa and the US - Confirms receipt of USD1.7 million cash consideration from the Republic of Togo, after dropping the Nayega manganese project in Togo to focus on targeting the organic fertiliser market in North America in mid-May.

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Keras to fully focus on US assets after dropping Togo project

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(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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IN BRIEF: Keras Resources expands mining campaign at Diamond Creek

Keras Resources PLC - mine developer focused on West Africa and the US - Extends its summer mining campaign at Diamond Creek organic phosphate mine, located in Utah, to satisfy increased demand over the winter season. Says increased demand indicates an increase of about 40% in expected monthly sales to 700 tonnes. As a result, Keras is extending mining operations to produce an additional 2,500 tonnes of run of mine ore for "downstream milling to supplement ore already in stock".

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IN BRIEF: Keras Resources appoints former CEO Lamming as chair

Keras Resources PLC - mine developer focused on West Africa and the US - Appoints Russell Lamming as chair with immediate effect, replacing Brian Moritz. Moritz will remain at Keras as company secretary and non-executive director.

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IN BRIEF: Keras Resources continues Diamond Creek mining campaign

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