Keras Resources Provides Update on Nayéga Manganese Mine in Togo
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a more detailed analysis. It is a general update on the progress at the Nayéga manganese mine in Togo, which does not have a significant impact on the company's overall performance.
Key Points
- Carrieres Mines Travaux Publics SA (CMTP) has completed the dry commissioning of the Nayéga processing plant
- CMTP has mobilized its mining fleet to the Nayéga mine site with the aim of starting mining activities by the end of June 2025
- The company expects to be processing ore at an initial rate of 4,000 tonnes of saleable manganese for the first 3 months starting July 2025 and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore
Summary
Keras Resources (AIM: KRS) has provided an update on the Nayéga manganese mine in northern Togo, which is owned by Société Togolaise de Manganèse (STM), the Republic of Togo's 100% owned investment company. The mining and logistics contractor, Carrieres Mines Travaux Publics SA (CMTP), has now completed the dry commissioning of the Nayéga processing plant and has mobilized its mining fleet to the Nayéga mine site with the aim of starting mining activities by the end of June 2025. The company expects to be processing ore at an initial rate of 4,000 tonnes of saleable manganese for the first 3 months starting July 2025 and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore.