Last checked at 18 Mar 2016 07:00
`Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
18 March 2016
Keras Resources plc ('Keras' or 'the Company')
New Corporate Presentation
Keras Resources plc, the Australian gold development company, is pleased to announce that a new corporate presentation is now available to view on the Company's website: www.kerasplc.com.
**ENDS**
For further information visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
Dave Reeves | Keras Resources plc | dave@kerasplc.com |
Nominated Adviser |
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Gerry Beaney/David Hignell | Northland Capital Partners Limited | +44 (0) 20 7382 1100 |
Broker | ||
Elliot Hance/ Jonathon Belliss | Beaufort Securities Limited | +44(0)20 7382 8415 |
Financial PR |
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Elisabeth Cowell/ Frank Buhagiar | St Brides Partners Limited | +44 (0) 20 7236 1177 |
Notes
Keras Resources plc is an AIM quoted, resource development company. The Company is focussed on advancing lowest quartile, low capex deposits which benefit from proximal established infrastructure up the development curve and into production. Keras plans to commence production at its Australian Gold Project in Q2 2016 and then use this cash flow towards to expand gold production further.
At Nayega, Keras has concluded a Bankable Feasibility Study and awaits award of the mining permit. The Bankable Feasibility Study indicates that Nayega could produce 250,000 tonnes per year of manganese concentrate at 38%. The Company will investigate bringing the mine into production on grant of the mining permit to generate further cash flows for the Company.
The Company also holds iron ore and manganese projects in Gabon and South Africa and is actively assessing ways to realise value from these assets.
Keras has 1,193,794,390 shares in issue. The Directors have subscribed for and purchased approximately 25.0% of the issued share capital of the Company and are therefore aligned with shareholders' interests.