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

26 September 2025

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

Corporate Update

Keras Resources plc (AIM: KRS) is pleased to announce an update on the cooperation agreement signed with the Republic of Togo ("State") ("Cooperation Agreement") related to the Nayéga manganese mine ("Nayéga") in northern Togo.

Nayéga starting mining activities at the end of July 2025 and is meeting expectations of processing ore at an initial rate of 4,000 tonnes per month of saleable manganese for the first 3 months and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore.  The Company has now received its first payment as per the cooperation agreement signed in 2023 post the shipment of the initial 2,700 tonnes of ore in containers on 5 September 2025.

Russell Lamming, Interim Executive Chairman of Keras, commented, "The first payment under the  Cooperation Agreement is a significant milestone for both the Company and Nayéga and we now look forward to the continued increase in production with cashflows that will underpin the cashflows from the US operations. I look forward to updating shareholders in the near term on progress on both fronts."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

**ENDS**

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

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic rock phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house mining and processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer organic fertiliser requirements.

The Company is focused on continuing to increase market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.