Togo: Keras secures approval to ship 10,000t manganese ore bulk sample

Mining
Tuesday, 12 March 2019 15:44
Togo: Keras secures approval to ship 10,000t manganese ore bulk sample

(Togo First) - AIM-listed mining firm Keras Resources has secured the approval of theTogolese government to export a 10,000 ton bulk sample of its manganese production of Nayega.

I am delighted to announce that we have completed the bulk sample and received all the required authorisations to begin shipping for metallurgical testwork at the third-party ferromanganese smelter facility. The shipping is the final part of the bulk sampling process which has proven the robust economics of the Nayega project,” said Keras CEO, Russell Lamming.

Output from the bulk sampling, which started last August, was sent to a secure warehouse near the port of Lomé, awaiting shipment in mid-March by the end-user. The latter, whose name was kept in the dark, is a major manganese-base alloy producer, the British firm indicated. This alloy producer will, upon reception of the sample, assess its quality at their smelters. Let it also be emphasized that “the bulk sample, including equipment, operating and logistics costs as well as management fees is fully funded by the end-user.”  

Keras is active on the Nayega project via its subsidiary Société Générale des Mines SARL (SGM), in which it detains an 85% stake. In West Africa, Togo especially, the firm focuses on manganese, cobalt and nickel projects.

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