Result of AGM

RNS Number : 7433T

Keras Resources PLC

31 March 2016

 

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

31 March 2016

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

Result of Annual General Meeting

Keras Resources Plc is pleased to announce that all resolutions proposed at its Annual General Meeting held earlier today were duly passed.

**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 production and development company.

Keras is now focused primarily on its Australian gold mining activities. On 22 March 2016 Keras announced that it had commenced ore mining at the Anomaly 22 deposit, which is located in the Grants Patch Gold Tribute lease area which lies 30km north of Kalgoorlie in Western Australian goldfields. Ore extracted at Grants Patch is being transported to the nearby Paddington Mill for processing. Each 50 tonne truck of ore from the first blast at Anomaly 22 is estimated to contain 90g of gold worth approximately A$5,000 in gross revenue (subject to mining and processing costs and payments under the tribute agreement).

At its Nayega manganese project in Togo, 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%.

 

END

 

 

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