Keras Resources PLC Bulk Sampling at Nayega Manganese Project Update (4078H)

TIDMKRS

RNS Number : 4078H

Keras Resources PLC

15 November 2018

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

15 November 2018

Keras Resources plc ('Keras' or the 'Company')

Update on Bulk Sampling Programme

at Nayega Manganese Project in Togo

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce an update on the 10,000 tonne bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo ('Nayega'). The bulk sampling programme is fully funded by a major producer of manganese-based alloys.

-- Development of 10,000 tonne bulk sampling metallurgical testwork programme remains on schedule ahead of intended shipping by the end of January 2019

-- Mining and screening phase on target with approximately 6,000 tonnes +12mm manganese already pre-screened on the scrubber plant feed stockpile

-- 6km water pipeline now 80% complete and all water reticulation equipment air freighted to Lomé ready for installation

-- 6,500m(3) lined storage dam complete and expected to be at capacity prior to the commissioning of the scrubber plant

-- Scrubber plant expected in Lomé on or around 22 November 2018 due to inclement sailing conditions

Russell Lamming, Chief Executive Officer of Keras, commented, "Activity on site continues to gain momentum as we advance towards the delivery of the 10,000 tonnes of manganese ore for the pyrometallurgical testwork which is scheduled at the end of January. Our initial planning for the bulk sampling incorporated contingencies such as the delay in the delivery of the scrubber plant so the overall timetable is not expected to be negatively impacted. All other components of the bulk sample are progressing according to plan and we look forward to delivering the 10,000 tonnes of manganese ore for the pyrometallurgical testwork at the end of January.

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           [e-mail] 
 Nominated Adviser / Joint 
  Broker 
  Ewan Leggat / Charlie        SP Angel Corporate Finance    [phone] 
  Bouverat                      LLP                           0470 
 Financial PR 
  Susie Geliher / Charlotte                                  [phone] 
  Page                         St Brides Partners Ltd         1177 
 

Notes

Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.

Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.

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November 15, 2018 02:00 ET (07:00 GMT)