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Share Price: 1.95

Bid: 1.70

Ask: 2.20

Change: 0.30 (18.18%)

Spread: 0.50 (29.412%)

Open: 1.70

High: 1.95

Low: 1.65

Prev. Close: 1.65

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Keras Resources Commences Ore Mining At Anomaly 22 In Grants Patch

Tue, 22nd Mar 2016 11:45

LONDON (Alliance News) - Keras Resources PLC on Tuesday said it has commenced ore mining under its bulk sample permit at the Anomaly 22 deposit.

The Anomaly 22 deposit is located in the Grants Patch Gold Tribute lease area in the Western Australian goldfields. The extracted gold ore will initially be stockpiled before being trucked to the Paddington Mill early next week, Keras said.

"The commencement of extraction at Grants Patch, ahead of schedule in quarter-one 2016, is a significant milestone for Keras. This, combined with the signing of the two additional tributes, sets the company up as a cash flow generative gold miner with an exciting future," Managing Director Dave Reeves said in a statement.

Shares in Keras were trading up 9.2% at 1.12 pence on Tuesday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

More News

Today 12:19

IN BRIEF: Keras shares up as milling plant construction on schedule

Keras Resources PLC - Surrey, England-based mine developer focused on West Africa and the US - Says construction of an integrated milling plant at its newly acquired property in Delta, Utah is on schedule. Says commissioning is expected during the second half of May with production ramp-up through the third quarter 2024. The plant, which is being built as part of Keras' joint venture with Phosul LLC, will have a Phosul production capacity of 520 tonnes per month and 920tpm when operating on single shift and double shift respectively. Chief Executive Officer Graham Stacey says: "The acquisition of the Delta facility and the Phosul JV will be transformative for the company. The site will not only house the processing equipment for all products, including the new Phosul granulate, but also allows all run-of-mine crushed feed material and final products to be stored under cover. The associated reduction in moisture content reduces the cost of processing and provides a better quality product for our ever growing customer base." Phosul is a plant-available phosphate fertilizer.

23 Feb 2024 11:22

Keras shares rise as granulator plant now located in Delta, Utah

(Alliance News) - Keras Resources PLC on Friday gave an update on the construction of the granulator plant under the joint venture between its subsidiary Falcon Isle Resources Corp, and Phosul LLC.

22 Jan 2024 10:57

Keras subsidiary signs JV with Phosul for Utah granulator plant

(Alliance News) - Keras Resources PLC on Monday announced its wholly owned subsidiary, Falcon Isle Resources Corp, has signed a five year 50:50 joint venture deal with Phosul LLC.

29 Sep 2023 14:19

EARNINGS AND TRADING: Barkby revenue dips; Ixico hurt by trial delays

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

6 Jul 2023 17:19

IN BRIEF: Keras Resources restored to trading on AIM

Keras Resources PLC - Surrey, England-based mine developer focused on West Africa and the US - Says its shares have been restored to trading on AIM following the publication of its annual report for 2022.

6 Jul 2023 12:19

Keras loss narrows and revenue jumps; phosphate production declines

(Alliance News) - Keras Resources PLC on Thursday said annual revenue more than doubled, despite a decline in phosphate mined at Diamond Creek.

4 Jul 2023 17:07

REPEAT: Keras 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.

4 Jul 2023 17:07

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

3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

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

18 May 2023 12:04

Keras to fully focus on US assets after dropping Togo project

(Alliance News) - Keras Resources PLC on Thursday said it dropped the Nayega Manganese project in Togo to focus on targeting the organic fertiliser market in North America.

20 Oct 2022 17:23

TRADING UPDATES: Amaroq raises GBP30 million in placing

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

28 Sep 2022 16:25

Keras makes 'substantial progress' at Diamond Creek

(Sharecast News) - Keras Resources reported "substantial progress" in its first half on Wednesday, towards building its business into a cash-generative producer of high-grade premium organic fertiliser in the North American market.

28 Sep 2022 14:38

EARNINGS UPDATES: Kefi tips bright outlook; Keras bets on Togo license

(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:

7 Sep 2022 13:45

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".

1 Sep 2022 21:23

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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Keras Resources Commences Ore Mining At Anomaly 22 In Grants Patch

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