Report and Accounts and Notice of AGM

RNS Number : 4018R

Keras Resources PLC

08 March 2016

 

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

8 March 2016

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

Report and Accounts and Notice of AGM

Keras Resources plc, the Australian gold development company, is pleased to announce that its Annual Report and Accounts for the year ended 30 September 2015 has been posted to shareholders and is available to view on the Company's website at www.kerasplc.com.

Additionally, the Company's Annual General Meeting will be held at Craven House, West Street, Farnham, Surrey, GU9 7EN on Thursday 31 March 2016 at 11.00 am.

**ENDS**

For further information visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following: 

Dave Reeves	Keras Resources plc	[e-mail]
Nominated Adviser
Gerry Beaney / David Hignell	Northland Capital Partners Limited	[phone]
Broker
Elliot Hance/Jonathon Belliss	Beaufort Securities Limited	[phone]
Financial PR
Elisabeth Cowell/Frank Buhagiar	St Brides Partners Limited	[phone]

Notes

Keras Resources plc is an AIM quoted, resource development company.   The Company is focussed on advancing lowest quartile, low capex deposits which benefit from proximal established infrastructure up the development curve and into production. Keras plans to commence production at its Australian Gold Project in Q2 2016 and then use this cashflow towards to expand gold production further.

At Nayega, Keras has concluded a Bankable Feasibility Study and awaits award of the mining permit.  The Bankable Feasibility Study indicates that Nayega could produce 250,000 tonnes per year of manganese concentrate at 38%.   The Company will investigate bringing the mine into production on grant of the mining permit to generate further cashflows for the Company.  

The Company also holds iron ore and manganese projects in Gabon and South Africa and is actively assessing ways to realise value from these assets.

Keras has 1,193,794,390 shares in issue. The Directors have subscribed for and purchased approximately 25.0% of the issued share capital of the Company and are thus aligned with shareholders' interests.

 

END

 

 

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