Keras Resources Plc (LON:KRS) Managing Director Dave Reeves talks to DirectorsTalk about the positive effects the Brexit / EU Referendum has had for the company.
Dave Reeves holds a first class honours degree in mining engineering from the University of New South Wales, a graduate diploma in applied finance and investment from the Securities Institute of Australia, and a Western Australian first class mine managers certificate of competency. He has over 25 years’ experience and has operated in Australia, Africa and Europe in gold, precious metals, mineral sands, bulks and copper. He is non-executive Chairman of ASX and AIM listed European Metals Holdings.
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.
Keras Resources Plc is AIM’s only Australian gold mining company. The Company is leveraging the Board’s extensive mine development experience to capitalise on near term production opportunities where good margins can be made despite price cycle lows to generate cash flow to assist in funding larger, higher value projects.
