Keras Resources Plc (LON:KRS) CEO Dave Reeves talks to DirectorsTalk about the move to Wycheproof, latest production update highlights and shares his thoughts on the rise in gold prices.
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.
