LONDON (Alliance News) - Keras Resources PLC on Tuesday said it has completed the second ore parcel haulage to the Paddington mill in the Grants Patch Gold Tribute lease area in western Australia.
An estimated 17,000 tonnes of ore containing an estimated 1,055 ounces of gold was hauled and will now be processed under the agreement with Paddington Gold Pty Ltd, a subsidiary of Norton Gold Fields.
Keras said it has delivered an estimated total of 1,427 ounces of gold to Paddington in April.
"We are seeing improved efficiencies on site as operations are bedded down and become steady state. We continue to advance plans for the next open pits and have commenced negotiations on the contracts for the refurbishment of the high-grade Prince of Wales underground mine," Managing Director Dave Reeves said in a statement.
Shares in Keras were trading up 3.3% at 1.21 pence on Tuesday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Keras Res (KRS)