RNS Number: 0640 I Keras Resources PLC 30 March 2020 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company, held its adjourned Annual General Meeting today and all resolutions were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United...
RNS Number: 8403 G Keras Resources PLC 19 March 2020 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. The AGM has been adjourned until Monday 30 March at 11.00 am and will now be held at Coveham House, Downside Bridge Road, Cobham, Surrey KT11 3 EP. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Keras Resources* #KRS 0.085p, Mkt Cap £3.5m – AGM adjourned despite 99% of votes in favour of resolutions Recommendation and Valuation under review (Keras hold an 85% interest in Societé General des Mines which holds the Nayega manganese project license in Togo) (the Republic of Togo is entitled to a carried interest of 10% in SGM after the issue of the exploitation licence, which will have the effect of diluting Keras' 85% interest) Keras Resources reports the adjournment of tomorrow’s AGM due to Coronavirus restrictions. The company reports 99% of votes received are in favour of each resolution and the proxy votes will remain valid unless countermanded. Keras has put a business continuity programme in place to protect employees and ensure the safe operation of the Company. All non-essential travel has been cancelled All activities at Nayega in Togo and the regional office in Lomé have been reduced to essential staff only. The Company has also asked any employee feeling unwell to stay at home. Keras continues to work to complete the final documentation related to the Nayéga exploitation permit. The re-election of President Faure Gnassingbé combined with Covid-19 has delayed the permitting process indicating that mining is unlikely to being by end-March. Togo is just 600 miles north of the Equator and may or may not suffer much from the Covid-19 virus. If this is the case then mining may start relatively soon after the mining license is awarded. *SP Angel act as Nomad and broker to Keras Resources
RNS Number: 5302 G Keras Resources PLC 17 March 2020 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Adjournment of AGM& Corporate Update. Keras Resources plc, the AIM listed mineral resource company, has been informed that, following government advice on 16 March 2020, Memery Crystal's offices have been closed for meetings.
RNS Number: 2622 E Keras Resources PLC 28 February 2020 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company announces, for the purposes of the FCA's Disclosure and Transparency Rules, that the total issued share capital of the Company consists of 2,784,802,182 ordinary shares of 0.01 pence each,...
Keras Resources* #KRS 0.15p, Mkt Cap £4.2m – Calidus gains value on higher gold price and falling Australian dollar following Keras distribution. Recommendation and Valuation under review (Keras hold an 85% interest in Societé General des Mines which holds the Nayega manganese project license in Togo) (the Republic of Togo is entitled to a carried interest of 10% in SGM after the issue of the exploitation licence, which will have the effect of diluting Keras' 85% interest) Keras reported financial result to end September 2019 earlier this week The group made no sales in the reported period as it prepared to develop the Nayega manganese project in Togo though it did recover costs for the 10,000 bulk manganese shipment. The group reported a loss of £471,000 for 2019 vs a loss of £584,000 in 2018 Administrative and exploration expenses rose to £1.15m vs £0.41m in 2018 Expenditure including pre-licence and reconnaissance costs were expensed as incurred. Costs were offset by the recovery of £681m of expenses relating to the 10,000 bulk sample supplied to an as-yet unnamed major manganese alloy producer Finance costs amounted to just £5,000 Change in fair value of equity investments at fair value though other comprehensive income came in at £1.6m There was no impairment in the value of the Nayega manganese project. The group took a writeoff on the cost of five cobalt and nickel exploration licences which have been dropped so that Keras can focus on the development of its manganese mining operation. Calidus: Keras distributed its holding in Calidus Resources to shareholders last year in a demerger of its stock by way of a capital reduction scheme with Keras bearing the full cost of the demerger. Calidus’ shares have recovered since the demerger to A$0.32/s highlighting the Australian market’s perceived value of their projects. The rise in gold price and fall in the Australian value should make Calidus’ project look substantially more valuable than it did at the time of the Calidus share distribution. Asset value: Keras had total assets of £11.5m (2018: £13.2m), and net assets of £11.2m (2018: £12.4m) accounting for a fall in the price of the now distributed Calidus shares. Funding: Keras is looking to finance its expansion through offtake finance and the sale of manganese production and may look to acquire projects from future customers ‘via production sharing, royalty and other marketing arrangements’. Nayega: Keras Resources plans to place an order for a larger 25,000t per month plant for its Nayega manganese mine in Togo as soon as it has permission for this scale of mine. . The current plant at Nayega has capacity of 6,500tpm and presumably will run alongside any new plant to create further capacity. Nageya has a JORC (2012) Code compliant Indicated and Measured Resource of 11.0Mt @ 13.1% manganese Management expect to start production of saleable manganese concentrate this year just as soon as the exploitation licence is awarded. Strategy: Keras’s comment that the group's strategy is to target projects that increase shareholder value by taking projects through the life cycle from feasibility to development. Directors increased their stake to some 26% of the company indicating confidence in the future of the group Keras recently raised £310,000 through placing approximately 207m additional shares at a price of 0.15p/share. *SP Angel act as Nomad and broker to Keras Resources
Keras Resources (KRS.L) 0.16p £4.5m The primary focus of Keras during the year has once again been to progress the Nayega manganese project in Togo. The bulk sampling metallurgical testwork programme at Nayega, announced in July 2018, was completed during the year. Approximately 10,000 tonnes of manganese ore ('Mn') was mined, beneficiated and shipped to a major producer of manganese-based alloys, for large scale metallurgical testwork, to assess the suitability of the ore in their Mn smelting facilities. The results of the testwork were very encouraging, as they not only demonstrated the suitability of the concentrate for sale in international markets, but also showed a higher manganese percentage than had been predicted. Loss of £471k. “Keras is now in a position to operate Nayega as a producing mine as soon as the exploitation licence is finalised, and the decree promulgated by the Council of Ministers of the Republic of Togo means that commercial production should be achieved shortly.” #KRS
Keras Resources Plc #KRS announced, in its final results for the year ended 30 September 2019, that the company’s loss stood at £0.5 million, compared to a loss of £0.6 million reported in the previous year. The basic and diluted loss per share stood at 0.02p compared to loss of 0.03p reported in the previous year. The company’s cash and cash equivalents stood at £0.18 million (2018: £0.21 million).
RNS Number: 8053 D Keras Resources PLC 24 February 2020 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. The Company's Annual General Meeting will be held at Memery Crystal LLP, 165 Fleet Street, London EC4A 2 DY on Thursday 19 March 2020 at 2.00 p.m. The primary focus of Keras during the year has once again been to progress the Nayega manganese project in Togo.
Fundraising of £310,000 to Commence Fabrication of 25 ktpm Expansion Plant. Keras Resources plc, the AIM listed mineral resource company is pleased to announce that it has raised £310,000 through the placing of 206,666,660 new ordinary shares of 0.1 p each at a price of 0.15 p per Ordinary Share.. ·Capital raise of £310,000 through placing of 206,666,660 new...
Keras Resources plc, the AIM listed mineral resource company is pleased to provide an update on activities in Togo and the restructuring of its 85% interest in Société Générale de Mines SARL required to comply with the permitting process at the Nayega Manganese Project and in the drive to streamline the Keras corporate structure. ·CEO Russell Lamming is...
RNS Number: 2355 X Keras Resources PLC 18 December 2019 18 December 2019. Further to the announcement made on 16 December 2019, Keras was informed on 17 December 2019 that Mr Stewart Hood has a beneficial interest in the ordinary shares of the Company additional to the shareholding notified on 13 December 2019. RNS is approved by the Financial Conduct Authority...
RNS Number: 0039 X Keras Resources PLC 16 December 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras was informed on 13 December 2019 that Mr Stewart Hood had previously held a beneficial interest in 88,284,893 ordinary shares of the Company, representing approximately 3.53% of the issued ordinary shares capital of the Company.
RNS Number: 2022 V Keras Resources PLC 29 November 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company announces, for the purposes of the FCA's Disclosure and Transparency Rules, that the total issued share capital of the Company consists of 2,498,358,439 ordinary shares of 0.01 pence each,...
RNS Number: 6125 U Keras Resources PLC 26 November 2019. Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Further to its previous announcements, Keras confirms that in accordance with the demerger approved by the High Court, the transfer of 723,750,000 ordinary shares of Calidus Resources Limited to Keras shareholders has now been completed.
RNS Number: 4039 U Keras Resources PLC 22 November 2019. Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. 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.
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An exploration and development company focussed on developing and producing low capital intensive iron ore manganese deposits in Africa.

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