REG - Keras Resources PLC - Operational Update

Keras ResourcesAnnouncement

12/04/2022 07:00

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RNS Number : 0317I  Keras Resources PLC  12 April 2022

 
                               12(th) April 2022

 

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

 

Operational Update

 

Keras Resources plc (AIM: KRS) today provides an operational update on the
high-grade Diamond Creek organic phosphate mine ('Diamond Creek') in Utah,
USA. Management recently hosted the annual inspection and site visit from the
Utah State mining and environmental departments and received all ongoing
approvals in line with the project's licence obligations. The team will now
commence the annual rehabilitation on the access roads and start trucking the
approximately 5,200 tons of run-of mine phosphate rock remaining at the
lay-down area from last year's mining campaign to the Spanish Fork processing
facility. An additional 1,500 tons of blasted ore will similarly be excavated
and hauled from the pit to Spanish Fork during the early summer months.

 

Russell Lamming, CEO of Keras, commented, "Post acquiring 100% ownership of
this asset it is great to have all our permits and authorisations in place and
be back on the mountain as we move into Spring. As part of the operational
cycle of our project we will now ensure safe access for the mining season as
we do each year and then start trucking additional run of mine ore to Spanish
Fork as we start to ramp up our Spring marketing programme. We appreciate the
ongoing support from the State authorities and we look forward to ongoing
progress as we continue our value engineering processes across the business
for the rest of the year."

 

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:

 

 Russell Lamming                       Keras Resources plc             annabel@kerasplc.com

 Annabel Redford

 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

 

 

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