REG - Keras Resources PLC - Togo Update

Keras ResourcesAnnouncement

25/09/2020 07:00

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 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
 




Financial PR
Susie Geliher / Cosima Akerman


St Brides Partners Ltd


+44 (0) 20 7236 1177



 
 
 

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