Keras Resources (KRS)

Sector:

Mining

Index:

FTSE AIM All-Share

 2.65p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.15
  • 52 Week Low: 1.65
  • Currency: UK Pounds
  • Shares Issued: 80.50m
  • Volume: 1,036
  • Market Cap: £2.13m

Keras Resources upbeat on fresh Nayega assay results

By Josh White

Date: Wednesday 16 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Mineral resource company Keras Resources announced assay results from samples taken from stockpiles for its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese (Mn) project in northern Togo on Wednesday.
The AIM-traded firm said the results returned average Mn grades of 41.15% - substantially in excess of budget.

It said Mn grades ranged from 39.61% to 42.76%, with an average of 41.15%.

The average Mn grade of 41.15% was 18% higher than the budgeted grade of 35%.

"The initial assay results from the bulk sampling testwork programme at Nayega have exceeded our expectations," said chief executive officer Russell Lamming.

"Most importantly, these results also exceed the required Mn specifications of the third-party producer of manganese-based alloys, who have funded the bulk sample."

Lamming said that, with the current installed plant capacity, Nayega would be able to produce around 6,500 tonnes per month of manganese ore without any further capital investment.

"With this in mind, the project is proving to be a significant asset for Keras and we look forward to providing further updates regarding its development."

Keras Resources explained that a 10,000-tonne bulk sampling metallurgical testwork programme, fully-funded by a major producer of manganese-based alloys, was underway at Nayega.

The testwork programme involved the collection of 10 samples, which were selected from the screened stockpiles.

It said those samples were then manually scrubbed on site, and delivered to the third-party funder, which undertook further analysis.

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KRS Market Data

Currency UK Pounds
Share Price 2.65p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.15
52 Week Low 1.65
Volume 1,036
Shares Issued 80.50m
Market Cap £2.13m

KRS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
32.02% below the market average32.02% below the market average32.02% below the market average32.02% below the market average32.02% below the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Income Not Available
Growth
3.93% above the market average3.93% above the market average3.93% above the market average3.93% above the market average3.93% above the market average
Sector averageSector averageSector averageSector averageSector average

KRS Dividends

No dividends found

Trades for 10-Oct-2024

Time Volume / Share Price
13:47 1,036 @ 2.50p

KRS Key Personnel

CEO Graham David Stacey

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