Nayéga Manganese Project Update in Togo

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

24 November 2020

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

Nayéga Manganese Project Update in Togo

Keras Resources plc, the AIM listed mineral resource company, is pleased to provide an update on progress at the Nayéga Manganese Mine ('Nayéga') in Northern Togo, which is wholly owned by the Company's 85% owned subsidiary, Société Générale de Mines ('SGM').

CEO Russell Lamming has recently returned from Lomé, Togo, where he had meetings with key government officials.  These included Ms. Mila Aziablé, the Minister of Mines and Energy, and Ms. Kayi Mivedor, the Minister of the newly formed Ministry of Investment Promotion, which is focused on encouraging and enhancing investment in Togo.  Follow-up meetings were also held with state-owned Togo Invest Corporation S.A. ('Togo Invest'), which is helping to assist the permitting process at Nayéga.

Russell Lamming, CEO of Keras Resources, commented, "Constructive meetings were undertaken with both the ministries of Mines and Energy and Investment Promotion during my recent trip to Togo; I expect to get feedback in the near term on what the pathway to final permitting at Nayéga comprises. 

"I am particularly encouraged with Togo Invest's endorsement of Keras' investment in the country, which marks the start of a constructive collaboration, in tandem with the creation of a Ministry of Investment Promotion by the new Togo Government; both are positive steps for the Nayéga Mine and Keras's further investment.  I look forward to updating shareholders once we have further information related to permitting at Nayéga." 

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer.  This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

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