Keras Resources PLC Update on Exploitation Permit at Nayega Project (4612Q)
October 21 2019 - 2:00AM
UK Regulatory
TIDMKRS
RNS Number : 4612Q
Keras Resources PLC
21 October 2019
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
Keras Resources plc
('Keras' or the 'Company')
21 October 2019
Update on Exploitation Permit for Nayega Manganese Mine
Keras Resources plc, the AIM listed mineral resource company, is
pleased to announce that its 85% owned subsidiary Société Générale
de Mines ('SGM') has received a notification of a decree from a
meeting of the Council of Ministers of the Republic of Togo held on
18 October 2019, permitting SGM to undertake large scale mining at
the Nayega manganese project ('Nayega' or the 'Project') in
northern Togo.
Keras anticipates that the all documentation related to the
Exploitation Permit will be signed by SGM and Keras during the
course of the current week, and a full announcement of the terms of
the Permit and the underlying protocols will be made immediately
after signature.
Russell Lamming, CEO of Keras, commented; "This is great news
for the future of Keras, and a major milestone for the Company. Our
strategy of proving up the Project through the fully funded
10,000-tonne bulk sampling programme has been validated, and the
installed processing capacity allows us to commence production of
beneficiated 38% manganese ore at a rate of 6,500tpm without
investing any further capital."
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 +44 (0) 20 3470
Bouverat Finance LLP 0470
Financial PR
Isabel de Salis / Cosima St Brides Partners +44 (0) 20 7236
Akerman Ltd 1177
Notes
Keras Resources plc is focused on building a strategic portfolio
of resource assets, providing investors with exposure to a
portfolio of development assets including manganese, cobalt and
nickel in Togo, West Africa. It is also in the process of
transferring its holding of shares in Calidus Resources Limited to
its shareholders by way of a capital reduction. The Company
benefits from a skilled management team, which has extensive
experience in the resource sector and proven success in advancing
assets up the value curve.
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contact rns@lseg.com or visit www.rns.com.
END
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