Keras Resources (KRS)

Sector:

Mining

Index:

FTSE AIM All-Share

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

Keras begins trucking ore from Nayega testwork programme

By Josh White

Date: Wednesday 30 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Mineral resource company Keras Resources has commenced the trucking of processed ore from its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo, it announced on Wednesday.
The AIM-traded firm said the news demonstrated its progression into the next stage of development at Nayega.

It confirmed trucked ore was now being stockpiled at a secure site adjacent to the deep-water port of Lomé.

Steady-state production levels of 230 saleable tonnes per day were achieved through the recently-commissioned scrubber plant, with four shifts now operating 24 hours per day, seven days a week.

Peak haulage of 12 trucks or 420 tonnes per day was expected to be reached by 31 January, with installed capacity to produce around 6,500 tonnes per month of 35% manganese ore at Nayega.

"I am delighted to announce that the trucking of processed ore at Nayega began at the weekend, with peak haulage of 12 trucks or 420 tonnes per day expected by 31 January," said Keras Resources chief executive officer Russell Lamming.

"Currently, the ore is being stockpiled at a secure site close to the Lomé deep-water port in Togo and will be transferred to the bulk material wharf when shipping commences in late February 2019.

"In addition, the scrubber plant has now reached the steady-state production of 230 saleable tonnes per day, operating in four shifts, 24 hours a day, seven days a week."

Lamming said the continued success of the bulk sampling programme had underpinned the "significant value" that it attributed to Nayega, with the board saying it believed the project would form the cornerstone of its manganese business moving forward.

"The company has had an exciting start to the year with pivotal news already released and hopefully more good news on the horizon.

"We look forward to providing further updates on our progress at the operation."

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KRS Market Data

Currency UK Pounds
Share Price 2.65p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.15p
52 Week Low 1.65p
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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