(Alliance News) - Keras Resources PLC on Tuesday said its investee Calidus Resources Ltd launched a drill programme in order to increase the life of mine at Warrawoona gold project in Western Australia.
Keras holds a 33.8% interest in Calidus.
The AIM-listed mineral resource company said a 15,000-metre drilling campaign will target greenfield mineralisation, resource extensions and continue to de-risk the project through infill drilling.
"This is an exciting time for Calidus as it moves towards getting another extensive drill campaign underway, with the overall goal of extending mine life and increasing confidence in the project's mineral resources," said Keras Chief Executive Russel Lamming.
Keras shares were trading 3.1% lower in London on Tuesday at 0.47 pence each.
Keras Res (KRS)