Keras to receive Nayega manganese mine exploitation permit this week

21st October 2019 By: Tasneem Bulbulia - Senior Contributing Editor Online

Aim-listed Keras Resources’ 85%-owned subsidiary Société Générale de Mines (SGM) has received a notification of a decree from a meeting of the Council of Ministers of Togo, held on October 18, permitting SGM to undertake large-scale mining at the Nayega manganese project in northern Togo.

Keras anticipates that all documentation related to the exploitation permit will be signed by SGM and Keras during the course of this week.

“This is great news for the future of Keras and a major milestone for the company.

“Our strategy of proving up the project through the fully funded 10 000 t bulk sampling programme has been validated, and the installed processing capacity allows us to commence production of beneficiated 38% manganese ore at a rate of 6 500 t/m without investing any further capital,” Keras CEO Russell Lamming said in a statement on Monday.