Business
Appointment of COO and Update on Nayega Mn Project
Appointment of COO and Update on Nayega Mn Project.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3187X Keras Resources PLC 29 April 2019 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n 29 April 2019\nKeras Resources plc ('Keras' or the 'Company')\nAppointment of Chief Operating Officer and Update on Nayega Manganese Project\n \nKeras Resources plc, the AIM listed mineral resource company, is pleased to provide an update on activities at its flagship asset, the Nayega Manganese ('Mn') Project in northern Togo ('Nayega' or 'the Project') and to announce the appointment of Mr. Graham Stacey as Keras Chief Operating Officer.\n \nHighlights\n· The Government of Togo and Keras have finalised the drafting of the Nayega Mining Convention and all documentation related to the Nayega Exploitation Permit application\no The agreements require ministerial authorisation prior to the granting of the permit \n· Mr. Graham Stacey appointed Chief Operating Officer to ensure a seamless transition into commercial production at Nayega \n· Shipping vessel departed Port Lomé on Thursday 26 March completing the 10,000 tonnes bulk sample \n \nRussell Lamming, Chief Executive Officer of Keras, commented, \"I am pleased to provide this update which is the result of 6 months of hard work by our management team and the authorities in Togo. We have spent a significant amount of time with the Togolese authorities to secure an agreement which will underpin the success of Nayega over the next decade and provide robust cashflows going forward. In addition to the commercial benefits to both the Republic of Togo and Keras shareholders, the agreements include a Social and Labour plan which will provide funding into the local communities surrounding the mining operation. We expect authorisation prior to the wet season starting in the next few months.\n \n\"The conclusion of the successful bulk sample confirms all the technical, financial and logistical assumptions of our internal feasibility study and we now look forward to progressing into commercial production. As part of our progression from explorer to producer we have appointed Graham Stacey as Chief Operating Officer. Graham and I have worked together at Chromex Mining where he was responsible for the construction of the successful Stellite chrome mi...