TIDMKRS
RNS Number : 1656W
Keras Resources PLC
30 July 2018
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
30 July 2018
Keras Resources plc ('Keras')
Shareholder Q&A Podcast &
Calidus Update
Keras Resources plc, the AIM listed mineral resource company, is
pleased to announce that it will be holding a shareholder Question
and Answer podcast which will be broadcast by Vox Markets on
Thursday 9 August 2018 at 12.30 p.m.
To submit questions ahead of the question and answer podcast,
please email charlotte@voxmarkets.co.uk. Please note that the cut
off for question submissions will be 4.00 p.m. on Tuesday 7 August
2018.
The Company also notes Calidus Resources Limited ('Calidus' or
'the Company'), has announced a drilling update from its Copenhagen
Gold Deposit and from drilling directly east of its Klondyke Gold
Deposit, both located on the Company's Warrawoona Gold Project
('Warrawoona'), located in the Pilbara of Western Australia.
Calidus is undertaking a large resource infill and extension
programme across Warrawoona with an aim to expand the current
resource to underpin a Pre-Feasibility Study ('PFS') in 2019.
Keras is a significant shareholder of Calidus, with a current
interest of 458m shares, representing approximately 35% of Calidus'
total issued share capital. On successful completion of the PFS at
Warrawoona, an additional 265m performance shares of Calidus
('Performance Shares') owned by Keras will be converted into
ordinary shares of Calidus.
HIGHLIGHTS
-- Copenhagen diamond drilling returned significant intercepts of:
o 10m @ 5.38g/t Au from 63m in 18CPDD004
o 1m @ 7.91g/t Au from 121m in 18CPDD003
-- RC drilling at the Klondyke East extension continues to
intersect ore grade mineralisation east of the current 654,000oz
Mineral Resource defined during 2017. A selection of recent
significant intercepts from the current round of drilling
include:
o 12m @ 2.15g/t Au from 0m in 18KLRC111;
o 4m @ 6.08g/t Au from 99m in 18KLRC130;
o 12m @ 1.73g/t Au from 24m in 18KLRC120;
o 8m @ 1.92g/t Au from 0m in 18KLRC124
o 1m @ 13.36g/t Au from 91m in 18KLRC111
o 6m @ 1.58g/t Au from 166m in 18KLRC122
o 1m @ 9.25g/t Au from 121m in 18KLRC119
-- Maiden drilling programme to test the St Georges Shear 150m
to the north of and parallel to the Klondyke Main Shear has
commenced
-- Targeting programme underway to further test high-grade
shoots and potential for depth extensions at Klondyke, located
directly below 1km strike length of historical high-grade
workings
Russell Lamming, Chief Executive Officer of Keras, commented,
"Today's update from Calidus further demonstrates the potential
size and scale of the Warrawoona Project as the Calidus team focus
on enhancing the current JORC Resource of 712,000oz Au and
advancing the PFS ahead of publication in 2019.
"It is encouraging to note both the high-grade infill results
from Copenhagen, in addition to the eastern extension at Klondyke
and I look forward to receiving updates from the maiden drill
programme at the St Georges Shear. Work is clearly progressing on
multiple fronts and I look forward to regular news flow over the
coming weeks and months as the Calidus team continue to prove-up
the significant resource potential of Warrawoona.
"As part of our commitment to proactively engage with
shareholders, I am pleased to announce our first Questions &
Answers session which is scheduled for next week. I welcome any
questions from shareholders relating to Calidus' ongoing drilling
at Warrawoona, or our recent news relating to our funded bulk
sampling programme at our Nayega Manganese Project in Togo, or any
other matters relating to how we intend to grow your company.
Should this prove to be fruitful exercise for shareholders, we will
schedule regular sessions such as this to ensure our investors have
a well-organised and thorough platform to air their concerns and
pose questions to the Keras board."
The information in this RNS has been extracted from the ASX
announcement made by Calidus Resources Limited on 30 July 2018.
To view a full version of the Calidus announcement, which
includes figures and maps, please click here:
https://www.investi.com.au/api/announcements/cai/94d2a5ad-221.pdf.
For more information on Calidus and Warrawoona, please visit
www.calidus.com.au.
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 SP Angel Corporate Finance +44 (0) 20 3470
Bouverat LLP 0470
Financial PR
Susie Geliher / Charlotte +44 (0) 20 7236
Page St Brides Partners Ltd 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.
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
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