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.
For UK taxpayers, the value of ordinary shares in Calidus Resources Limited received under the Demerger will be treated as a part disposal by Keras shareholders of their investment in Keras. Using the mid-market closing price of a Calidus Share on the same day and the exchange rate of £1= A $1.8937, gives a value of £0.003518 in Calidus Shares received in...
RNS Number: 9739 T Keras Resources PLC 20 November 2019. Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Court Approval of the Demerger Reduction Received.
Keras Resources plc, the AIM listed mineral resource company, announces that it has received a notice of exercise of a warrant over 7,000,000 new ordinary shares of 0.1 pence each in the share capital of the Company at a price of 0.36 pence per share, which were granted on 24 May 2018. The Warrant Shares will rank pari passu in all respects with the existing issued...
RNS Number: 5078 S Keras Resources PLC 06 November 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. The Investor Event will be taking place in The Conservatory Room at The Vintry, Off Abchurch Yard, Abchurch Lane, London EC4N 5 AX from 6 pm.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3777 S Keras Resources PLC 06 November 2019. Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. The First Reduction does not change the number of issued ordinary shares of 0.1 pence each in the capital of the Company,, which remains at 2,491,358,439, nor the number of issued deferred shares of 0.4 pence each in the capital of the Company, which remains...
Following the announcement on 21 October, Keras Resources plc, the AIM listed mineral resource company, wishes to update shareholders on progress relating to its 85% owned subsidiary Société Générale de Mines, which currently holds an exploration permit over the Nayega Manganese Project in Northern Togo.. The Council of Ministers of the Republic of Togo...
RNS Number: 5471 R Keras Resources PLC 30 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. The event will be held from 6.00 p.m. in the Conservatory Room at The Vintry, Off Abchurch Yard, Abchurch Lane, London EC4N 5 AX.. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and...
Keras Resources Plc (KRS.L) Announced further information regarding Calidus Resources Ltd shares. Post the demerger, the company’s shareholders on the record date will be issued with a Security-Holder Reference number (SRN) by registrar, Automic, which must be quoted when trading in Calidus shares. Shareholders who hold their ordinary shares of 0.1p each in the company through a Nominee account with their stockbroker, i.e. a broking account where their shares are not directly registered in their own name, will not be issued with an SRN. If individual shareholders who hold company’s shares through a nominee company want to transfer their Calidus shares to their own name, they will have to execute a simple off-market transfer form with their Nominee company whereby the Calidus shares will be transferred to the individual, who will be issued with a new SRN
RNS Number: 9355 Q Keras Resources PLC 24 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Further Information Regarding Calidus Resources Ltd Shares. ·Shareholders who hold their ordinary shares of 0.1 pence each in Keras through a Nominee account with their stockbroker, i.e. a broking account where their Keras Shares are not directly...
RNS Number: 6712 Q Keras Resources PLC 22 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company, notes the announcement published today by Calidus Resources Limited, in which it currently holds a c.33.71% interest, highlighting more wide, shallow intercepts that confirm the robustness of...
The event will be held from 6.00 p.m. at a venue in the City of London and presents the opportunity for investors to meet with both companies' management and discuss the proposed distribution of the Calidus shares recently approved at the Company's AGM and the way forward for both Calidus and Keras.. The Company provides investors with exposure to a strategic...
Keras Resources* (KRS LN) 0.48p, Mkt Cap £11.8m – Mining permit granted by Council of Ministers of the Republic of Togo (Keras hold an 85% interst in Societé General des Mines which holds the Nayega manganese project license in Togo) BUY, Valuation 1.08p • Keras Resources report the granting of its Mining License by the Council of Ministers of the Republic of Togo. • The license permits SGM, Keras’s local subsidiary to undertake large scale mining at the Nayega manganese project in northern Togo. • Nauega manganese mine: Management completed a 10,000t bulk sample / trial run earlier this year and is ready to move to production of 75,000tpa of beneficiated manganese. • The Nayega mine has a JORC compliant Measured and Indicated mineral resource of 11mt grading 13.1% manganese and a mineral reserve of 8.5mt grading 14.0% manganese. • The Republic of Togo has a Moody’s accredited B3 Credit rating and a single-B stable outlook from Standard & Poor putting it on a par with Ghana. • Calidus Resources: Calidus has developed a 1.25m oz gold resource at the Warrawoona gold project in Australia. • The Warrawoona project has a high-grade resource of 14.6mt grading 2.37g/t for 1.1moz and has developed a mine plan for 97,000ozpa gold mine with All in cash costs of $1,159/oz. • Calidus published a Pre-Feasibility Study in July with an in-house estimate NPV of A$150.7m and an IRR of 39.5% based on a gold price of A$1,800/oz (US$1,217/oz). • Calidus is also evaluating potential at the Klondyke gold prospect which has 2012 JORC inferred resource of 20mt grading 1.79g/t for 1.15moz of gold. • The PFS combined with ongoing exploration around the existing gold resources indicates to us good potential for further value creation and the development of significant gold production. • Valuation: our valuation on Keras is 1.08p based on the value of our estimated cash flow from the Nageya manganese mine as well as the value of Keras’s shares in Calidus Resources. • We ran our valuation on a Calidus Resources share price of A$0.035c/s. Calidus shares are currently A$0.026c/s having traded as high as A$0.040c/s and as low as A$0.020c/s this year. • Keras plan to demerge its entire 723,750,000 shareholding in Calidus and to distribute to eligible shareholders who are on the share register at 6:00pm on 19 November this year. • The average daily trading volume for Calidus Resources on the ASX is around 5m shares a day over the last 100 days. Conclusion: The license award is great news for Keras and should enable mining to start quickly. We see the Nauega manganese mine as offering significant value to Keras, equivalent to the current market capitalisation post the demerger of the Calidus shares to be distributed to Keras shareholders. *SP Angel act as Nomad and broker to Keras Resources
RNS Number: 4612 Q Keras Resources PLC 21 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that its 85% owned subsidiary Société Générale de Mines has received a notification of a decree from a meeting of the Council of Ministers of the Republic of Togo held...
RNS Number: 8302 P Keras Resources PLC 14 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company announces that all resolutions proposed at the General Meeting held today were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the...
RNS Number: 1861 P Keras Resources PLC 09 October 2019 Keras Resources plc/ Index: AIM/ Epic: KRS/ Sector: Mining. Keras Resources plc, the AIM listed mineral resource company, notes that certain shareholders of the Company have been provided with advice by a London based private client broking firm in connection with the distribution of ordinary shares in Calidus...
Keras Resources plc, the AIM listed mineral resource company, announces that it was informed on 4 October 2019 that on 3 October 2019 Dave Reeves, Non-Executive Director of the Company, purchased 19,157,093 ordinary shares of 0.1 p each in the Company at a price of 0.4 pence per share. Keras Resources plc is focused on building a strategic portfolio of resource...
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Company Profile

An exploration and development company focussed on developing and producing low capital intensive iron ore manganese deposits in Africa.

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Coveham House
Downside Bridge Road
Cobham
KT11 3EP
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