25th Sep 2020 09:40
(Alliance News) - Keras Resources PLC on Friday highlighted progress during its management trip to Togo to discuss a path to starting production at the Nayega manganese project, in which the company holds 85% interest.
The mineral resource company said Chief Executive Russell Lamming met with Togolese Prime Minister Komi Selom Klassou and Minister of Mines & Energy Marc Ably-Bidamon to discuss the issuance of an exploitation permit.
Chief Operating Officer Graham Stacey is on-site ensuring that the bulk-sample plant - with installed capacity to produce 6,500 tonnes of beneficiated manganese per month - is production ready, Keras said. Stacey is siting water boreholes for the additional water required when the company commissions the new plant to expand production to 25,000 tonnes per month.
Keras also said exploration activities are on-going at the Ogaro prospect, which is located 5 kilometres east-southeast of the Nayega deposit and 4 kilometres south of the previously explored T27 deposit. Exploration results will be released "in due course".
"In order to maintain the momentum in Lome and at Nayega, the management has determined to remain in Togo for a further week beyond the planned return date," the company said.
Shares in Keras Resources were trading 4.2% higher at 0.14 pence each on Friday morning in London.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Keras Res