Last checked at 28 Aug 2018 09:30
Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
28 August 2018
Keras Resources plc ('Keras' or the 'Company')
Commencement of Bulk Sampling Programme
at Nayega Manganese Project in Togo
Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that it has commenced the 10,000 tonne bulk sampling metallurgical testwork programme ("Bulk Sample") at the Nayega Manganese Project in northern Togo ("Nayega").
Carriere Mines Travaux Public ("CMTP"), Keras's turn-key mining and logistics contractor, has established site and commenced the mining phase of the Bulk Sample on time. The mobile screening unit has arrived at Port Lomé and will be at Nayega by the first week in September to commence Phase 2 of the Bulk Sample. 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.
Russell Lamming, Chief Executive Officer of Keras, commented, "I am pleased to report that the Bulk Sample has commenced as planned and the start of Phase 1 yesterday represents another milestone in the Nayega Manganese Project's progression towards regulatory approval for commercial production. I think it is important to reiterate that the entire project is fully funded, this includes a management fee for Keras which will cover overheads and salaries."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
Russell Lamming | Keras Resources plc | info@kerasplc.com
|
Nominated Adviser / Joint Broker Ewan Leggat / Charlie Bouverat
| SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470
|
Financial PR Susie Geliher / Charlotte Page | St Brides Partners Ltd | +44 (0) 20 7236 1177 |
Notes
Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.
Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.