REG - Keras Resources PLC - New Website & Presentation incl. Forecast & Event

Keras ResourcesAnnouncement

13/09/2022 07:00

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RNS Number : 1873Z  Keras Resources PLC  13 September 2022

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

New Website and Corporate Presentation including Sales Forecast

Shareholder/Investor Event - 11am GMT 13.09.22

 

Keras Resources plc (AIM: KRS) announces that it has launched a new corporate
website www.kerasplc.com (http://www.kerasplc.com) and investor presentation,
including sales forecasts from 1 September 2022 to June 2023, which can be
viewed at the following link.
http://www.rns-pdf.londonstockexchange.com/rns/1873Z_1-2022-9-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1873Z_1-2022-9-12.pdf)

 

The new corporate website and investor presentation reflects Keras' continued
focus on its cash generative, wholly owned, Diamond Creek Phosphate Mine in
Utah, US as it increases its market share in the fast-growing US fertiliser
market. It's Keras' vision to build Diamond Creek into the premier organic
phosphate producer in the US.

 

As announced on 7 September 2022, an encouraging marketing campaign was
undertaken in California, where a substantial percentage of Keras' phosphate
product is already sold. This resulted in a material increase in committed
sales. As a result, a sales guidance of between 7,500 tons and 8,000 tons of
phosphate product is forecast from 1 September 2022 to June 2023 at an all-in
sustaining cost (AISC) margin of between US$80 and US$100 per ton.

 

The Board of Keras look forward to presenting its new investor presentation
and an overview of plans for the business, today at 11am GMT, at the offices
of Memery Crystal, 165 Fleet Street, London, EC4A 2DY.

 

A live webcast will also be available for those unable to travel to the event,
via the Investor Meet Company platform and will subsequently be available on
demand. Investors can sign up to Investor Meet Company for free and add to
meet KERAS RESOURCES PLC via the following link:

 

https://www.investormeetcompany.com/keras-resources-plc/register-investor
(https://www.investormeetcompany.com/keras-resources-plc/register-investor)

 

The information contained within this Announcement is deemed by the Company to
constitute inside information as stipulated under Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the
domestic law of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018 (as amended). Upon the publication of this Announcement
via the Regulatory Information Service, this inside information is now
considered to be in the public domain.

 

For further information please visit www.kerasplc.com
(http://www.kerasplc.com) , follow us on Twitter @kerasplc or contact the
following:

 

 Graham Stacey / Annabel Redford          Keras Resources plc             annabel@kerasplc.com

 Nominated Adviser & Joint Broker         SP Angel Corporate Finance LLP  +44 (0) 20 3470 0470

 Ewan Leggat / Charlie Bouverat

 Joint Broker                             Shard Capital Partners LLP      +44 (0) 207 186 9900

 Damon Heath / Erik Woolgar

 Financial and Corporate Communications   Celicourt                       +44 (0) 774 884 3871

 Felicity Winkles

 

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate
mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate
deposits in the US and is a fully integrated mine to market operation with
in-house processing facilities. The operation produces a variety of organic
phosphate products that can be tailored to customer requirements for
fertiliser.

 

The Company is focused on continuing to build market share in the fast-growing
US organic fertiliser market and build Diamond Creek into the premier organic
phosphate producer in the US.

 

Additionally, Keras holds an 85% interest in the Nayéga manganese project in
Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern
Togo, held through Togolese subsidiary Société Générale des Mines SA
(SGM).

 

 

 

 

 

 

 

 

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