Posting of Annual Report & Notice of AGM

RNS Number : 0683U

Keras Resources PLC

13 January 2017

 

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

13 January 2017

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

Posting of Annual Report & Notice of AGM

Keras Resources plc, the Australian focused gold mining company, is pleased to announce that its annual report and accounts for the year ended 30 September 2016 has been posted to shareholders and is now available for download on the Company's website, www.kerasplc.com.

The Company also announces that it has posted the notice of annual general meeting ('AGM') to shareholders.  The Company's AGM will be held at Craven House, West Street, Farnham, Surrey, GU9 7EN on 10 February 2017 at 10.30am.

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:

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
Susie Geliher/Charlotte Page	St Brides Partners Limited	[phone]

Notes

Keras Resources plc is AIM's only Australian gold mining company.  Keras has a portfolio of owner-operated gold interests and cash generative joint venture gold projects.  The Company's strategy is focussed on advancing its owner-operator gold interests towards production whilst concurrently identifying and assessing low risk, high margin joint venture operations to enable continuing cash flows. The Company benefits from an experienced management team, which has extensive gold experience and is based in Perth, reducing execution risk.

Gold Projects

Klondyke Project Area - 100% owned gold development project in Western Australia

·      Current resource of 5.6Mt at 2.08g/t gold ('Au') for 374,000oz confined to just 2km of the main 7.5km shear strike

·      Right to mine contiguous Haoma tenements covering 650 hectares with excellent discovery potential

·      Active growth strategy - continue to assess additional opportunities in the project area to add contiguous lease areas to the critical mass that has been consolidated

Tribute Gold Projects

Keras has a portfolio of tribute mining agreements in the Kalgoorlie Goldfield, Australia and is targeting 20,000-30,000oz gold per annum from these assets. 

Wider Portfolio

Keras is currently awaiting a mining permit for its Nayega Manganese Project in Togo.  Once received it will look to develop the asset into a low-cost export mining operation.

 

END

 

 

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