Keras Resources PLC Commissioning Commences at Diamond Creek Plant (2370B)
June 09 2021 - 2:00AM
UK Regulatory
TIDMKRS
RNS Number : 2370B
Keras Resources PLC
09 June 2021
9 June 2021
Keras Resources plc ('Keras' or the 'Company')
Commissioning commences at the Diamond Creek processing
plant
Keras Resources plc (AIM: KRS) announces that construction of
the processing plant at Diamond Creek, the high-grade organic
phosphate mine in Utah, USA ('Diamond Creek'), has been completed
and commissioning has commenced. Once at steady-state operational
capacity, which is expected to be achieved by the end of June, the
plant will produce a range of premium organic phosphate products
for sale directly into the growing North American organic
fertiliser market.
Completing the plant build is a significant step forward in the
optimisation, production ramp up and expansion plans for Diamond
Creek which is owned by the Company's 51% subsidiary, Falcon Isle
Holdings LLC. The plant will ensure efficient beneficiation whilst
removing the need for external toll treatment. To see the
time-lapse video of the build taking place, please visit the
Gallery section of our website, www.kerasplc.com.
Russell Lamming, CEO of Keras Resources, commented, "I am very
pleased to see the processing plant build completed and we now look
forward to steady-state production post the commissioning period.
Diamond Creek is the one of the highest-grade organic phosphate
mines in the US and installing this plant will enable us to extract
maximum value and sell a range of fully certified, high-quality
products into a growing organic fertiliser market. All credit to
our team on the ground in Utah who have worked tirelessly to
complete the processing plant build under testing conditions during
the global pandemic. We look forward to getting this year's mining
campaign underway during the second quarter of 2021 and reporting
on our progress in due course."
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.
For further information please visit 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
Ewan Leggat / Charlie SP Angel Corporate Finance +44 (0) 20 3470
Bouverat LLP 0470
Joint Broker Shard Capital Partners +44 (0) 207 186
Damon Heath / Erik Woolgar LLP 9900
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END
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