Keras Resources PLC Togo Update (0731A)
25 September 2020 - 4:00PM
UK Regulatory
TIDMKRS
RNS Number : 0731A
Keras Resources PLC
25 September 2020
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
25 September 2020
Keras Resources plc ('Keras' or the 'Company')
Togo Update
Keras Resources plc, the AIM listed mineral resource company, is
pleased to announce that, further to the announcement of 3
September 2020 regarding the planned management trip to Togo, a
number of constructive meetings have been conducted. In particular,
CEO Russell Lamming met with Togolese Prime Minister Komi Selom
Klassou and the Minister of Mines and Energy Marc Ably-Bidamon, in
order to discuss the near-term development path to commence
production through the issue of an exploitation permit at the
Nayéga Manganese Project ('Nayéga') in which Keras currently holds
an 85% interest.
COO Graham Stacey is currently on-site at Nayega where he is
ensuring that the bulk-sample plant, with installed capacity to
produce 6,500 tonnes per month of beneficiated manganese, is
production ready. In addition, he is siting water boreholes for the
additional water required when the Company commissions the new
plant to expand production to 25,000 tonnes per month. Please see
RNS dated 6 November 2019 for further information regarding the
proposed production expansion.
Exploration activities are on-going at the Ogaro prospect,
located 5km east-southeast of the main Nayega deposit and 4km south
of the previously explored T27 deposit. The Board will release
exploration results in due course and in the meantime will keep
shareholders abreast of developments at Ogaro using the Company's
social media platforms.
In order to maintain the momentum in Lomé and at Nayega, the
management has determined to remain in Togo for a further week
beyond the planned return date.
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 & Joint SP Angel Corporate Finance
Broker LLP
Ewan Leggat / Charlie Bouverat +44 (0) 20 3470 0470
Joint Broker Shard Capital Partners
Damon Heath / Erik Woolgar LLP +44 (0) 207 186 9900
Financial PR
Susie Geliher / Cosima
Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
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END
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