Keras Resources PLC Togo Update (0731A)

TIDMKRS

RNS Number : 0731A

Keras Resources PLC

25 September 2020

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

25 September 2020

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

Togo Update

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that, further to the announcement of 3 September 2020 regarding the planned management trip to Togo, a number of constructive meetings have been conducted. In particular, CEO Russell Lamming met with Togolese Prime Minister Komi Selom Klassou and the Minister of Mines and Energy Marc Ably-Bidamon, in order to discuss the near-term development path to commence production through the issue of an exploitation permit at the Nayéga Manganese Project ('Nayéga') in which Keras currently holds an 85% interest.

COO Graham Stacey is currently on-site at Nayega where he is ensuring that the bulk-sample plant, with installed capacity to produce 6,500 tonnes per month of beneficiated manganese, is production ready. In addition, he is siting water boreholes for the additional water required when the Company commissions the new plant to expand production to 25,000 tonnes per month. Please see RNS dated 6 November 2019 for further information regarding the proposed production expansion.

Exploration activities are on-going at the Ogaro prospect, located 5km east-southeast of the main Nayega deposit and 4km south of the previously explored T27 deposit. The Board will release exploration results in due course and in the meantime will keep shareholders abreast of developments at Ogaro using the Company's social media platforms.

In order to maintain the momentum in Lomé and at Nayega, the management has determined to remain in Togo for a further week beyond the planned return date.

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.

**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          SP Angel Corporate Finance 
  Broker                             LLP 
  Ewan Leggat / Charlie Bouverat                                  [phone] 
 
  Joint Broker                       Shard Capital Partners 
  Damon Heath / Erik Woolgar         LLP                           [phone] 
 Financial PR 
  Susie Geliher / Cosima 
  Akerman                           St Brides Partners Ltd        [phone] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCLIMMTMTITTJM

(END) Dow Jones Newswires

September 25, 2020 02:00 ET (06:00 GMT)