Business
Report and Accounts and Notice of AGM
Report and Accounts and Notice of AGM.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4018R Keras Resources PLC 08 March 2016 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n8 March 2016\nKeras Resources plc ('Keras' or 'the Company')\nReport and Accounts and Notice of AGM\n \nKeras Resources plc, the Australian gold development company, is pleased to announce that its Annual Report and Accounts for the year ended 30 September 2015 has been posted to shareholders and is available to view on the Company's website at www.kerasplc.com.\n \nAdditionally, the Company's Annual General Meeting will be held at Craven House, West Street, Farnham, Surrey, GU9 7EN on Thursday 31 March 2016 at 11.00 am. \n \n**ENDS**\n \nFor further information visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following: \n \n\n\n\n\nDave Reeves\n\n\nKeras Resources plc\n\n\[email protected]\n\n\n\n\nNominated Adviser\n\n\n\n\n\n\n\n\n\n\nGerry Beaney / David Hignell\n\n\nNorthland Capital Partners Limited\n\n\n+44 (0) 20 7382 1100\n\n\n\n\nBroker \n\n\n\n\nElliot Hance/Jonathon Belliss\n\n\nBeaufort Securities Limited\n\n\n+44(0)20 7382 8415\n\n\n\n\nFinancial PR\n\n\n\n\n\n\n\n\n\n\nElisabeth Cowell/Frank Buhagiar\n\n\nSt Brides Partners Limited\n\n\n+44 (0) 20 7236 1177\n\n\n\n\n \n \nNotes\nKeras Resources plc is an AIM quoted, resource development company. The Company is focussed on advancing lowest quartile, low capex deposits which benefit from proximal established infrastructure up the development curve and into production. Keras plans to commence production at its Australian Gold Project in Q2 2016 and then use this cashflow towards to expand gold production further.\n \nAt Nayega, Keras has concluded a Bankable Feasibility Study and awaits award of the mining permit. The Bankable Feasibility Study indicates that Nayega could produce 250,000 tonnes per year of manganese concentrate at 38%. The Company will investigate bringing the mine into production on grant of the mining permit to generate further cashflows for the Company. \n \nThe Company also holds iron ore and manganese projects in Gabon and South Africa and is actively assessing ways to realise value from these assets.\n \nKeras has 1,193,794,390 shares in issue. The Directors have subscribed for and purchased approx...