Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
30 July 2018
Keras Resources plc ('Keras')
Shareholder Q&A Podcast &
Calidus Update
Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that it will be holding a shareholder Question and Answer podcast which will be broadcast by Vox Markets on Thursday 9 August 2018 at 12.30 p.m.
To submit questions ahead of the question and answer podcast, please email [email protected]. Please note that the cut off for question submissions will be 4.00 p.m. on Tuesday 7 August 2018.
The Company also notes Calidus Resources Limited ('Calidus' or 'the Company'), has announced a drilling update from its Copenhagen Gold Deposit and from drilling directly east of its Klondyke Gold Deposit, both located on the Company's Warrawoona Gold Project ('Warrawoona'), located in the Pilbara of Western Australia. Calidus is undertaking a large resource infill and extension programme across Warrawoona with an aim to expand the current resource to underpin a Pre-Feasibility Study ('PFS') in 2019.
Keras is a significant shareholder of Calidus, with a current interest of 458m shares, representing approximately 35% of Calidus' total issued share capital. On successful completion of the PFS at Warrawoona, an additional 265m performance shares of Calidus ('Performance Shares') owned by Keras will be converted into ordinary shares of Calidus.
HIGHLIGHTS
· Copenhagen diamond drilling returned significant intercepts of:
o 10m @ 5.38g/t Au from 63m in 18CPDD004
o 1m @ 7.91g/t Au from 121m in 18CPDD003
· RC drilling at the Klondyke East extension continues to intersect ore grade mineralisation east of the current 654,000oz Mineral Resource defined during 2017. A selection of recent significant intercepts from the current round of drilling include:
o 12m @ 2.15g/t Au from 0m in 18KLRC111;
o 4m @ 6.08g/t Au from 99m in 18KLRC130;
o 12m @ 1.73g/t Au from 24m in 18KLRC120;
o 8m @ 1.92g/t Au from 0m in 18KLRC124
o 1m @ 13.36g/t Au from 91m in 18KLRC111
o 6m @ 1.58g/t Au from 166m in 18KLRC122
o 1m @ 9.25g/t Au from 121m in 18KLRC119
· Maiden drilling programme to test the St Georges Shear ~150m to the north of and parallel to the Klondyke Main Shear has commenced
· Targeting programme underway to further test high-grade shoots and potential for depth extensions at Klondyke, located directly below 1km strike length of historical high-grade workings
Russell Lamming, Chief Executive Officer of Keras, commented, "Today's update from Calidus further demonstrates the potential size and scale of the Warrawoona Project as the Calidus team focus on enhancing the current JORC Resource of 712,000oz Au and advancing the PFS ahead of publication in 2019.
"It is encouraging to note both the high-grade infill results from Copenhagen, in addition to the eastern extension at Klondyke and I look forward to receiving updates from the maiden drill programme at the St Georges Shear. Work is clearly progressing on multiple fronts and I look forward to regular news flow over the coming weeks and months as the Calidus team continue to prove-up the significant resource potential of Warrawoona.
"As part of our commitment to proactively engage with shareholders, I am pleased to announce our first Questions & Answers session which is scheduled for next week. I welcome any questions from shareholders relating to Calidus' ongoing drilling at Warrawoona, or our recent news relating to our funded bulk sampling programme at our Nayega Manganese Project in Togo, or any other matters relating to how we intend to grow your company. Should this prove to be fruitful exercise for shareholders, we will schedule regular sessions such as this to ensure our investors have a well-organised and thorough platform to air their concerns and pose questions to the Keras board."
The information in this RNS has been extracted from the ASX announcement made by Calidus Resources Limited on 30 July 2018.
To view a full version of the Calidus announcement, which includes figures and maps, please click here:
https://www.investi.com.au/api/announcements/cai/94d2a5ad-221.pdf.
For more information on Calidus and Warrawoona, please visit www.calidus.com.au.
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:
Russell Lamming |
Keras Resources plc |
[email protected] |
Nominated Adviser / Joint Broker Ewan Leggat / Charlie Bouverat |
SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 |
Financial PR Susie Geliher / Charlotte Page |
St Brides Partners Ltd |
+44 (0) 20 7236 1177 |
Notes
Keras Resources plc is focused on building a strategic portfolio of resource assets. The Company provides investors with exposure to a strategic portfolio of development assets, including manganese, cobalt and nickel in Togo, West Africa, and also has a significant interest in a highly prospective gold exploration and development portfolio in Australia.
Keras benefits from a highly skilled management team, which has extensive operational experience in Africa and Australia with proven success in advancing assets up the value curve.
