Keras Resources Plc is AIM's only Australian gold mining company. The Company is focused on bringing low capex deposits, which benefit from proximal established infrastructure, into production to facilitate the development of larger opportunities with minimal dilution.
Keras has a gold resource tribute inventory of over 500,000 ounces across three tribute agreements in the proven gold region of Kalgoorlie, Australia. Mining has commenced at the Grants Patch Gold Tribute with ore being processed at the nearby Paddington processing plant. Keras is focused on targeting production of 20-30,000 ounces for year one and increasing that to 40,000 ounces per annum from year two onwards. Cash flow generated from these activities will be recycled into the business to develop additional production, strengthen its balance sheet and acquire larger assets. The Company is also developing the Nayega Manganese Project into a low cost export mining operation with a view to production within nine months of receipt of the Mining Permit.
The Company benefits from an experienced management team which has a strong understanding of the tribute areas and of mine development.
|27.05.16||First Payment Received|
|23.05.16||Pre-Payment Agreement with Norton Gold Fields|
|16.05.16||Result of General Meeting|
|09.05.16||KalNorth Option Exercised|
|28.04.16||Share Appreciation Right Scheme and Notice of GM|
|27.04.16||Exercise of Warrants|
|26.04.16||Delivery of Second Ore Batch at Grants Patch Completed|
|18.04.16||Placing to Raise Â£1,250,000|
|08.04.16||First Ore Haulage at Grants Patch|
|07.04.16||Exercise of Warrants|
|31.03.16||Result of AGM|
|22.03.16||Ore Mining Commences at Grants Patch|
|18.03.16||New Corporate Presentation|
|17.03.16||KRS Exercise of Warrants|
|17.03.16||First Blast at Grants Patch|
|14.03.16||Third gold tribute agreement|
|08.03.16||Posting of Report and Accounts, Notice of AGM and Form of Proxy|
|17.02.16||Closure of YA Global Position|
|14.01.16||Aussie Gold Update|