Keras Resources PLC Mining Season Commences at Diamond Creek (8303G)
July 29 2021 - 2:00AM
UK Regulatory
TIDMKRS
RNS Number : 8303G
Keras Resources PLC
29 July 2021
29(th) July 2021
Keras Resources plc ('Keras' or the 'Company')
Mining Season commences at Diamond Creek
Keras Resources plc (AIM: KRS) announces that the 2021 mining
season has commenced at the high-grade organic phosphate mine,
Diamond Creek in Utah, USA ('Diamond Creek'), owned by the
Company's 51% subsidiary, Falcon Isle Holdings LLC. Mining is now
underway and will continue through to October 2021 with 10,000 run
of mine tons to be produced this year. This increased tonnage from
2020 is as per the Company's forecast increase for the year and the
material will be processed and sold throughout the annual
campaign.
Russell Lamming, CEO of Keras Resources, commented, "It is great
to be back on the mountain and have this year's mining underway.
Our processing plant is operating at nameplate capacity and we
continue to secure sales for our range of premium products with
both new and existing customers."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018.
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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