Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Russell Lamming, Chief Executive Officer of Keras, commented, "All indications from this drill programme, and previous programmes conducted at the wider Warrawoona Project over the past two years, point to this asset hosting a large and high-grade gold mineralised system. Calidus has already proved-up a significant Resource of +700,000oz gold at Warrawoona, however we are confident that this has potential for substantial upside and we look forward to the publication of a Resource upgrade, due in Q1 2019, as we look to better define and translate the tangible value of this exciting gold asset for Keras investors."
https://www.kerasplc.com/sp-angel/ Research note worth a read too
Sorry sbk, needed it for a sandwich....lol
From rns 28th aug,
The final phase, comprising the washing and scrubbing of the Detrital and Lateritic units of the Nayega orebody is planned to commence in mid-November. Appropriate Process Technologies Pty Ltd will commence commissioning of the 20 tonne per hour scrubber plant at the beginning of November.
Hopefully still all on track time wise. Would at least expect a tweet when plant is commissioned.
I’m guessing it’s Bellevue Gold as mentioned in the following article
https://resourcesrisingstars.com.au/news-article/rio-airstrip-more-drill-lines-fuel-talk-its-biggest-find-25-years
Investment Arrangement
• Alkane will subscribe for 125M ordinary shares via a placement at 2.95c/share ($3,687,500 total consideration). The price was set near the 5-day VWAP leading to the transaction.
• Post the acquisition of these shares Alkane will hold ~8.8% of Calidus on an undiluted basis.
• Alkane will also be granted share options for 70M shares at 3.5c/share. These options have an expiry date of 1 November 2019.
Reports of a tie up....
https://hotcopper.com.au/threads/west-australian-today.4492731/
http://investors.alkane.com.au/site/PDF/2185_0/TradingHalt
Shouldn’t be long till we get news
From last night
https://www.kerasplc.com/wp-content/uploads/Keras-Corporate-Presentation-for-Event-11.10.18-FINAL.pdf
http://www.investi.com.au/api/announcements/cai/2bc0fa77-418.pdf
Thursday afternoon ramp...
Valuation: we value the manganese business on its current small-scale mining plan at £11.7m or 0.52p/s. Keras’ stake in Calidus is worth A$16.5m or 0.52p/s. The two businesses together indicate a value of 1.04p/s not including any value for the Kamina cobalt and nickel in Togo.
Chesh...this is normally your job. : )