Last checked at 31 Jan 2008 07:00
31 January 2008 Kryso Resources plc (`Kryso' or `the Company') AIM: KYS Orbis Equity Partners Appointed Joint Broker
- Orbis appointed joint broker to complement existing broker Fox-Davies Capital
- Results of pre-feasibility study on Pakrut gold project will be reported imminently
Kryso Resources plc, the mineral exploration and development company with over 1 million ounces of JORC Code-compliant gold resources at its 100 per cent owned Pakrut gold project in Tajikistan, is pleased to announce the appointment of Orbis Equity Partners Limited (`Orbis') as joint corporate broker to the Company.
Orbis is a UK institutional and corporate broking house focusing on small and mid-cap stocks, with significant expertise in the natural resources, technology, medical and investment funds sectors. Orbis is a full member firm of the London Stock Exchange.
Kryso's Managing Director Vassilios Carellas comments:
`The team at Orbis has a strong record of assisting small cap mining companies such as Kryso. We expect Orbis to work alongside Fox-Davies Capital in achieving broader recognition of Kryso, to the ultimate benefit of all our shareholders. They will also play a key role in the procurement of development finance for the Pakrut gold project, which we expect will reach bankable feasibility stage in the coming months.'
For further information, contact:
Kryso Resources plcVassilios CarellasTelephone: 020 7371 0600Mobile 07970 756352Ruegg & Co. LimitedBrett MillerTelephone: 020 7584 3663Orbis Equity Partners LimitedChristian DennisTelephone: 020 3178 3977Fox-Davies Capital LimitedRichard HailTelephone: 020 7936 5200City of London PR LimitedStephen Clayson/John Greenhalgh/Ron MarshmanTelephone: 020 7628 5518
Notes:
Kryso is an AIM-listed mineral exploration and development company focused on progressing the advanced stage Pakrut gold project and the exploration stage Hukas nickel-copper project in Tajikistan.
The results of a pre-feasibility study on the Pakrut project will be announced shortly. A JORC Code-compliant resource of 1,056,600 ounces of gold has been defined for the project, assuming a 0.5g/t cut off grade. Furthermore, almost 85 per cent of Pakrut's JORC Code-compliant resources fall into the Measured and Indicated categories.
Tajikistan is one of the more politically stable nations in Central Asia, and the Company's management team has many years of experience in the country.
KRYSO RESOURCES PLC