REG - Keras Resources PLC - Mining Season Commences at Diamond Creek

Keras ResourcesAnnouncement

29/07/2021 07:05

RNS Number : 8303G
  
Keras Resources PLC
  
29 July 2021
  
 

                                                                                                                                                                            29th July 2021
 
Keras Resources plc ('Keras' or the 'Company')
 
Mining Season commences at Diamond Creek
 
Keras Resources plc (AIM: KRS) announces that the 2021 mining season has commenced at the high-grade organic phosphate mine, Diamond Creek in Utah, USA ('Diamond Creek'), owned by the Company's 51% subsidiary, Falcon Isle Holdings LLC.  Mining is now underway and will continue through to October 2021 with 10,000 run of mine tons to be produced this year. This increased tonnage from 2020 is as per the Company's forecast increase for the year and the material will be processed and sold throughout the annual campaign. 
 
Russell Lamming, CEO of Keras Resources, commented, "It is great to be back on the mountain and have this year's mining underway. Our processing plant is operating at nameplate capacity and we continue to secure sales for our range of premium products with both new and existing customers."
 
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. 
 
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
 



Russell Lamming
Annabel Redford


Keras Resources plc


annabel@kerasplc.com 
 
 




Nominated Adviser & Joint Broker
Ewan Leggat / Charlie Bouverat
 
Joint Broker
Damon Heath / Erik Woolgar
 


SP Angel Corporate Finance LLP
 
 
Shard Capital Partners LLP
 


+44 (0) 20 3470 0470
 
 
+44 (0) 207 186 9900
 



 
 

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