[SMM Express] Keras:Nayega 's manganese mine project is expected to begin in the first quarter of 2020

SMM11, 8 May: it is reported that Keras Resources Co., Ltd. confirmed on Tuesday that it has started production in the first quarter of 2020 at the (Keras Resources) (Nayega) Manganese Mine project in northern Togo, which is located in northern Togo.

The supporting documents relating to the exploration license are held by (SGM), a holding subsidiary of Keras, and will be completed by the end of the year. Following a meeting of the Council of Ministers of the Republic of Togo last month, the document was updated and a decree was adopted and a decree was issued granting SGM licences for large-scale mining of the Nayega manganese mine.

The initial operation will be based on the transport of ore to smelter end-users; however, Keras believes that as a second stage of development, the production of manganese sulfate for the fertilizer and battery markets has great value-added potential. Keras appointed Simulus engineers based in Perth to conduct a scoping study to study the potential to develop such refineries for the Nayega project.

Russell Laming (Russell Lamming), chief executive of Keras, said on Tuesday that the company had demonstrated that the project's strategy had been validated by fully funded 10000 tonnes of bulk samples, adding that the miner could transition from prospector to producer without investing any more money.

Starting in the first quarter of 2020, Keras's installed capacity will begin to produce 38 per cent of selected manganese ore at a rate of 6000 tons per month. Based on the financing situation, steady-state production is expected to be 17200 tons per month in the second quarter of this year.

"at the same time, we will implement the first phase of the expansion plan by installing a new 70-ton / hour scrubber plant in parallel with our existing 25-ton / hour plant," Lamming said. " This gives Keras the flexibility to use existing plants as short-term production plants and as sampling plants when it begins to assess the feasibility of producing battery-grade manganese.

The company is currently in discussions with a variety of buyers to finance the expansion plan. In addition, in parallel with the expected start of full production in Nayega in 2020 (the current mine life is 15 years) and the resulting determined cash flow, Keras is allocating its 33.8 per cent interest in the ASX listing and the gold market, generating a gain of approximately £9.9 million. After the distribution, shareholders will be in direct contact with companies focused on cash production, Lamming said.

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