RE: Borgou8 Sep 2020 23:42
Mentioned here in rns 6th Nov 19.
Details
Keras' key focus has been on advancing its Nayega Manganese Project in Togo, West Africa, to commercial production. Post the award of the Exploitation Permit, the Company will hold an 76.5% interest in Société Générale des Mines SARL, which holds the 1,385-hectare ("ha") Exploitation Permit and the 9,427ha Borgou Research Permit. The Project hosts a current JORC Compliant Mineral Resource of 13.5Mt @ 11.1% Mn and an Ore Reserve of 8.48Mt @ 14.0% Mn with additional upside identified through exploration work. The known deposit at Nayega covers 2.2km by 500m and averages 3.3 metres in thickness. An internal Definitive Feasibility Study demonstrated the current LOM of 15 years, however, with ongoing exploration on the Ogaro anomaly, located approximately 5.5km east of the Nayega Resource, the Company is confident that there is the potential for the LOM to increase.