Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKeras Res Regulatory News (KRS)

Share Price Information for Keras Res (KRS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.70
Bid: 2.60
Ask: 2.80
Change: 0.00 (0.00%)
Spread: 0.20 (7.692%)
Open: 2.95
High: 2.95
Low: 2.70
Prev. Close: 2.70
KRS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Calidus Launches Drill Campaign at Warrawoona

20 Aug 2019 07:00

RNS Number : 5479J
Keras Resources PLC
20 August 2019
 

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

20 August 2019

Keras Resources plc ('Keras' or the 'Company')

Calidus Resources Launches Drilling Campaign

 

Keras Resources plc, the AIM listed mineral resource company, notes the announcement published today by Calidus Resources Limited (ASX:CAI) ('Calidus'), outlining the launch of a major drill programme in order to increase life of mine ('LOM') at Calidus' flagship asset; the 1.25Moz Warrawoona Gold Project (the 'Project') in the Pilbara region of Western Australia. A 15,000-metre drilling campaign will target greenfield mineralisation, resource extensions and continue to de-risk the Project through infill drilling.

 

Calidus recently completed an AUD$9 million placement involving institutional shareholders which will fund this drilling campaign. Following the placement Keras holds a c.33.8% interest in Calidus.

 

Highlights

·; A major drilling campaign comprising Reverse Circulation ('RC') and diamond drill rigs has commenced at Calidus' 1.25Moz Warrawoona Gold Project

·; The campaign aims to both improve confidence and expand the mine life outlined in the recent pre-feasibility study ('PFS')

·; The programme includes:

o 6,500m of RC and core drilling, infilling proposed underground resources at the Klondyke deposit

o 3,900m of RC drilling at Klondyke, aiming to convert Indicated to Measured Resources during initial years of production (as per PFS)

o 1,600m of shallow RC drilling at Klondyke East, aimed at expanding pit limits

o 3,000m of RC drilling at Klondyke West, testing a number of high-priority regional exploration targets

o The drilling will be funded by the proceeds of Calidus' recent $9m share placement

·; Calidus is well positioned to execute its strategy to undertake ongoing exploration in parallel with delivering a Definitive Feasibility Study in Q3 2020

 

Russel Lamming, CEO of Keras Resources, commented, "Following Calidus' successful capital raising of AUD$9 million, it is using the funds to accelerate drilling programmes over the Project, aimed towards defining and capitalising on the huge potential upside at Warrawoona. 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."

 

The information in this RNS has been extracted from the ASX announcement made by Calidus Resources Limited on 21 March 2019. To view a full version of the Calidus announcement, which includes figures and maps, please click here: https://www.calidus.com.au/investors/asx-announcements/. For more information on Calidus and Warrawoona, please visit www.calidus.com.au.

 

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer. 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 & Broker

Ewan Leggat / Charlie Bouverat

 

SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

 

Financial PR

Isabel de Salis / Cosima Akerman

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 portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa. It also has a significant interest in Calidus Resources Limited ('Calidus'), a highly prospective gold exploration and development company in Australia, which completed a Pre-Feasibility Study at its Warrawoona gold project in July 2019. Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia and proven success in advancing assets up the value curve.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLLFVRTSIALIA
Date   Source Headline
29th Feb 20247:00 amRNSTotal Voting Rights
23rd Feb 20247:00 amRNSOperations Update and award of Options
2nd Feb 20247:00 amRNSIssue of Fee Shares
22nd Jan 20247:00 amRNSGranulator Plant JV and Acquisition of Property
17th Jan 20247:00 amRNSChange of Auditor
22nd Nov 20237:00 amRNSHolding(s) in Company
3rd Oct 202311:52 amRNSHolding(s) in Company
29th Sep 20237:00 amRNSInterim Results
4th Sep 20231:58 pmRNSHolding(s) in Company
16th Aug 20232:04 pmRNSHolding(s) in Company
1st Aug 202310:41 amRNSResult of AGM
6th Jul 20234:20 pmRNSRestoration of Trading on AIM
6th Jul 20234:20 pmRNSRestoration - Keras Resources plc
6th Jul 20237:00 amRNSFinal Results for the Year Ended 31 December 2022
5th Jul 20235:45 pmRNSHolding(s) in Company
4th Jul 20234:55 pmRNSReceipt of funds from the Republic of Togo
3rd Jul 20237:30 amRNSSuspension - Keras Resources plc
3rd Jul 20237:00 amRNSAnnual Results Update & Suspension
30th Jun 20237:05 amRNSHolding(s) in Company
30th Jun 20237:00 amRNSHolding(s) in Company
18th May 20237:00 amRNSNayéga Agreement & Strategic Update
17th Apr 20234:30 pmRNSHolding(s) in Company
17th Apr 20234:30 pmRNSTR-1: Notification of major holdings
15th Mar 20234:24 pmRNSHolding(s) in Company
20th Oct 20227:00 amRNSExtended mining campaign completed, Diamond Creek
28th Sep 20227:00 amRNSInterim Results
13th Sep 20227:00 amRNSNew Website & Presentation incl. Forecast & Event
7th Sep 20227:00 amRNSMining campaign extended due to increased demand
1st Sep 20227:00 amRNSDirectorate Changes
11th Aug 20227:00 amRNSShareholder/Investor Meeting and Presentation
4th Aug 20227:00 amRNSOperations Update - Diamond Creek Phosphate
25th Jul 202211:30 amRNSResult of AGM, Result of GM & Share Consolidation
19th Jul 202212:30 pmRNSUpdate regarding Investor Presentation and GM
15th Jul 20227:15 amRNSIssue of Equity
30th Jun 20227:00 amRNSNotice of GM and proposed Share Consolidation
30th Jun 20227:00 amRNSPosting of Annual Report and Notice of AGM
30th Jun 20227:00 amRNSFinal Results
22nd Jun 20223:20 pmRNSNew Date - Shareholder/Investor Presentation
9th Jun 20227:00 amRNSShareholder/Investor Meeting and Presentation
23rd May 20227:00 amRNSNotice of Interest in Shares
17th May 20227:03 amRNSIssue of new shares
16th May 20221:48 pmRNSResult of General Meeting
4th May 20226:23 pmRNSPosting of Circular and Notice of General Meeting
29th Apr 20221:54 pmRNSOversubscribed Broker Option Placing
26th Apr 20227:00 amRNSPlacing and Corporate Update
19th Apr 20222:48 pmRNSDirector & PCA Dealings
12th Apr 20227:00 amRNSOperational Update
6th Apr 20224:36 pmRNSPrice Monitoring Extension
5th Apr 20223:58 pmRNSHolding(s) in Company
30th Mar 20228:53 amRNSIncrease in Diamond Creek Ownership to 100%

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.