Keras Resources PLC Replacement: Calidus High-Grade Results (8723D)
October 12 2018 - 4:01AM
UK Regulatory
TIDMKRS
RNS Number : 8723D
Keras Resources PLC
12 October 2018
The following amendment has been made to the 'Calidus Resources'
Coronation Prospect Delivers Further High-Grade Results'
announcement released on 12 October 2018 at 8.19 a.m. under RNS
number 8685D.
The correct Calidus share price is currently A$0.026.
All other details remain unchanged.
The full amended text is shown below.
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
12 October 2018
Keras Resources plc ('Keras' or the 'Company')
Calidus Resources' Coronation Prospect Delivers Further
High-Grade Results
Keras Resources plc, the AIM listed mineral resource company, is
pleased to provide an update released by Calidus Resources Limited
(ASX:CAI) ('Calidus') following its recent drilling results from
the Coronation Prospect, which forms part of its wider Warrawoona
Gold Project, located in the Pilbara of Western Australia. These
results, that have yielded multiple high-grade intercepts including
10m @ 4.69g/t Au from 57m, are part of a resource infill and
extension programme which is aimed at increasing the current JORC
compliant 712,000 oz Au resource to in excess of 1Moz Au and will
support the Pre-Feasibility Study targeted in 2019.
Keras has 458m shares in Calidus, representing approximately 35%
of Calidus' total issued share capital. On successful completion of
the Pre-Feasibility Study at Warrawoona, an additional 265m
performance shares of Calidus ('Performance Shares') owned by Keras
will be converted into ordinary shares of Calidus. Calidus' share
price is currently A$0.026.
Highlights
-- Results from a recent 18-hole 2,278m step-out and infill RC
drilling programme have intersected high-grade gold at the
Coronation prospect approximately 12km west of the Klondyke
Resource area
-- Significant results include:
o 10m @ 4.69g/t Au from 57m in 18CRRC020
o 5m @ 4.48g/t Au from 35m in 18CRRC022
o 4m @ 5.30 g/t Au from 26m in 18CRRC014
o 2m @ 9.30g/t Au from 80m in 18CRRC013
o 3m @ 6.01g/t Au from 10m in 18CRRC018
o 7m @ 2.54g/t Au from 21m in 18CRRC012
o 3m @ 4.69g/t Au from 29m in 18CRRC022
o 2m @ 6.61g/t Au from 25m in 18CRRC016
Russell Lamming, Chief Executive Officer of Keras, commented,
"These results continue to demonstrate both the quality of the
Warrawoona Project and underpin the potential to build on the
current Mineral Resource of 712,000 oz Au. With two drill rigs
operating at the Klondyke and St George Shear sites, we expect
further results as the Calidus team continues to push forward with
the resource expansion ahead of 2019's planned Pre-Feasibility
Study. I look forward to reporting further updates in the coming
months in tandem with development from our Manganese project in
Togo which is currently undergoing a bulk sample."
The information in this RNS has been extracted from the ASX
announcement made by Calidus Resources Limited on 28 August 2018.
To view a full version of the Calidus announcement, which includes
figures and maps, please click here:
https://www.calidus.com.au/investors/asx-announcements/. For more
information on Calidus and Warrawoona, please visit
www.calidus.com.au.
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 SP Angel Corporate Finance +44 (0) 20 3470
Bouverat LLP 0470
Financial PR
Susie Geliher / Cosima +44 (0) 20 7236
Akerman St Brides Partners Ltd 1177
Notes
Keras Resources plc is focused on building a strategic portfolio
of resource assets. The Company provides investors with exposure to
a strategic portfolio of development assets, including manganese,
cobalt and nickel in Togo, West Africa, and also has a significant
interest in a highly prospective gold exploration and development
portfolio in Australia.
Keras benefits from a highly skilled management team, which has
extensive operational experience in Africa and Australia with
proven success in advancing assets up the value curve.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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