Mining Season Commences at Diamond Creek

RNS Number : 8303G

Keras Resources PLC

29 July 2021

 

  29^th July 2021

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

Mining Season commences at Diamond Creek

Keras Resources plc (AIM: KRS) announces that the 2021 mining season has commenced at the high-grade organic phosphate mine, Diamond Creek in Utah, USA ('Diamond Creek'), owned by the Company's 51% subsidiary, Falcon Isle Holdings LLC.  Mining is now underway and will continue through to October 2021 with 10,000 run of mine tons to be produced this year. This increased tonnage from 2020 is as per the Company's forecast increase for the year and the material will be processed and sold throughout the annual campaign.

Russell Lamming, CEO of Keras Resources, commented, "It is great to be back on the mountain and have this year's mining underway. Our processing plant is operating at nameplate capacity and we continue to secure sales for our range of premium products with both new and existing customers."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.

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

Russell Lamming Annabel Redford	Keras Resources plc	[e-mail]
Nominated Adviser & Joint Broker Ewan Leggat / Charlie Bouverat Joint Broker Damon Heath / Erik Woolgar	SP Angel Corporate Finance LLP Shard Capital Partners LLP	[phone] [phone]

 

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