Keras Resources plc is focused on building a portfolio of strategic resource assets, providing investors with exposure a number of high quality development assets and high demand commodities, including manganese, cobalt and nickel in Togo, West Africa.
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.
The Nayega Manganese Project in Togo is a low capex manganese project, which will generate cash flow for the Company within nine months of receipt of the Exploitation Permit. Nayega, in northern Togo, is 30km away from a main road which has in excess of 500,000t per annum back loading capacity and direct access to the regionally important deepwater port of Lome 600km away. The project has a JORC Code Compliant Measured and Indicated Mineral Resource of 13.97Mt @12.4% manganese (“Mn”) and an internal feasibility study indicated low capital costs associated with establishing a 250,000 tonne per annum mining operation at 38% Mn with operating costs of approximately US$2/dry metric tonne unit FOB (free on board).The study highlights the robust economics associated with bringing the project into production. The full results will be delivered on receipt of the Exploitation Licence, which is under application.