Keras Resources plc ('Keras' or 'the Company')
New Website and Corporate Presentation including Sales Forecast
Shareholder/Investor Event - 11am GMT 13.09.22
Keras Resources plc (AIM: KRS) announces that it has launched a new corporate website www.kerasplc.com and investor presentation, including sales forecasts from 1 September 2022 to June 2023, which can be viewed at the following link. http://www.rns-pdf.londonstockexchange.com/rns/1873Z_1-2022-9-12.pdf
The new corporate website and investor presentation reflects Keras' continued focus on its cash generative, wholly owned, Diamond Creek Phosphate Mine in Utah, US as it increases its market share in the fast-growing US fertiliser market. It's Keras' vision to build Diamond Creek into the premier organic phosphate producer in the US.
As announced on 7 September 2022, an encouraging marketing campaign was undertaken in California, where a substantial percentage of Keras' phosphate product is already sold. This resulted in a material increase in committed sales. As a result, a sales guidance of between 7,500 tons and 8,000 tons of phosphate product is forecast from 1 September 2022 to June 2023 at an all-in sustaining cost (AISC) margin of between US$80 and US$100 per ton.
The Board of Keras look forward to presenting its new investor presentation and an overview of plans for the business, today at 11am GMT, at the offices of Memery Crystal, 165 Fleet Street, London, EC4A 2DY.
A live webcast will also be available for those unable to travel to the event, via the Investor Meet Company platform and will subsequently be available on demand. Investors can sign up to Investor Meet Company for free and add to meet KERAS RESOURCES PLC via the following link:
https://www.investormeetcompany.com/keras-resources-plc/register-investor
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this Announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:
| Graham Stacey / Annabel Redford | Keras Resources plc | annabel@kerasplc.com
|
| Nominated Adviser & Joint Broker Ewan Leggat / Charlie Bouverat
Joint Broker Damon Heath / Erik Woolgar
Financial and Corporate Communications Felicity Winkles
| SP Angel Corporate Finance LLP
Shard Capital Partners LLP
Celicourt | +44 (0) 20 3470 0470
+44 (0) 207 186 9900
+44 (0) 774 884 3871 |
Notes:
Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.
The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.
Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).
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