Keras Resources PLC - mine developer focused on West Africa and the US - Mining campaign for 2022 at the Diamond Creek phosphate mine in Utah, US is underway, and will run through to early October. Processing of stockpiled material is ongoing, with crushed run-of-mine being milled to produce 10 mesh and 50 mesh products.
Looking ahead, company is reviewing its operational and processing cycles to continue streamlining operations and increase its product mix flexibility.
"Our mining season on the mountain has started well this summer, having refurbished our access roads and completed all preparations post the winter snow melt. We continue to meet current sales and work towards ensuring ample product availability for the 2022-2023 spring sales season, our milling plants are performing well as we continue to process our rock into a range of products tailored to customer requirements," said Chief Executive Officer Graham Stacey.
Current stock price: 4.87 pence, up 8.3% on Thursday
12-month change: down 44%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Keras Res (KRS)