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Other companies covered: Seeing Machines, Telit Communications, Xtract Resources
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LON:KRS
Keras Resources Plc is an AIM-listed resources pre-production and development company with assets in Australia.
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Other companies covered: Seeing Machines, Telit Communications, Xtract Resources
Keras Resources PLC said 2016 will be characterised with maiden cash flows, with gold production expected in the second quarter, it said, as it posted 2015 results.
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The week ended with Patagonia Gold saying it expects to start production from its Cap-Oeste deposit in Argentina by the autumn.
Keras Resources is offering UK investors one of the few ways to play the booming Australian gold market
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Footsie closed 1.25% down as oil weighed along with the results from Standard Chartered..
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Biotech group Scancell is to present an update on its immunotherapy technologies at the Biotech Capital Conference in London.
Companies covered: BHP Billiton, Standard Chartered, InterContinental, Shell, Regency Mines, Kera Resources
Keras Resources, formerly known as Ferrex, has boosted its gold production profile, as it entered a tribute agreement on a deposit in Western Australia.
A tremendous boost for Premier African Minerals, the operator and 49% stakeholder in the RHA tungsten project, which has had a financing offer from local financial institution.
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Footsie had a firm start and a strong finish but still finished in the red
Keras Resources, formerly known as Ferrex, saw shares advance as it brought in £563,889 via a loan deal to get the Grants Patch Gold Tribute Project in Western Australia into production in the second quarter of 2016.
Alexander Nubia, Anglo Asian Mining and Keras also had news out this week
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The Footsie recovered from a 5829 intra-day low to stand 89.32 points off at 5871
No pre-strip is required, with the two pits expected to provide 4 to 5 months of production feed.