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About Us: Corporate Profile

The Company is leveraging the Board’s extensive exploration and resource development experience to capitalise on the demand fundamentals for cathode minerals through the advancement of activities across three complimentary commodities: manganese, cobalt and nickel.  In addition, the Company retains significant exposure to an extensive portfolio of gold exploration/development properties through its controlling interest in ASX listed Calidus Resources Ltd.

Interests:

  1. Gold: Keras has a controlling interest in Calidus Resources Ltd (CAI:ASX), an ASX company established to accelerate development of the Warrawoona Gold Project, which is located in the Pilbara region of Western Australia.  The project hosts a number of highly prospective target areas with proven mineralisation.   The project has an existing Resource of 410,000oz at 2.2g/t gold (“Au”) from surface and significant exploration upside potential. 

  2. Manganese: The Nayega Manganese Project in Togo is a low capex manganese project which will generate cash flow for the Company within nine months of receipt of the mining permit. Nayega, in northern Togo, is 30km away from a main road which has >500,000t per annum back loading capabilities and direct access to the regionally important deepwater port of Lome 600km away. The project has a JORC Code Compliant Measured and Indicated Resource of 11Mt @13.1% Mn and an internal desktop scoping study indicated low capital costs associated with establishing a 250,000 tonne per annum mining operation at 38% manganese (“Mn”) with operating costs of approximately US$2/dmtu FOB. A Definitive Feasibility Study has been completed and the indicative results highlight the robust economics associated with bringing the project into production. The full results will be delivered on receipt of the Mining Licence, which is under application.

  3. Cobalt & Nickel: Keras was awarded five exploration licences in May 2017 covering known cobalt and nickel mineralisation at the Kamina Project in Togo.  Average rock chips from the mineralised zone grade at 0.82% nickel ("Ni") and 0.19% cobalt ("Co"), with highs of 1.4% Ni and 0.25% Co.  These licences underpin the Company’s strategy to target the high growth battery market through the development of cathode minerals, with cobalt often reported as the most critical metal from a supply perspective for the battery industry.