Corporate Update
Nayéga manganese mine in Togo has begun operations and company received first payment under cooperation agreement.
vs expectations: in line
- Nayéga initial ore processing rate 4,000 tonnes per month
- Nayéga nameplate capacity 8,000 tonnes per month
- Initial ore shipment 2,700 tonnes
- Shipment date 5 September 2025
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Keras Resources plc (AIM: KRS) is pleased to announce an update on the cooperation agreement signed with the Republic of Togo ("State") ("Cooperation Agreement") related to the Nayéga manganese mine ("Nayéga") in northern Togo.
Nayéga starting mining activities at the end of July 2025 and is meeting expectations of processing ore at an initial rate of 4,000 tonnes per month of saleable manganese for the first 3 months and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore. The Company has now received its first payment as per the cooperation agreement signed in 2023 post the shipment of the initial 2,700 tonnes of ore in containers on 5 September 2025.
Russell Lamming, Interim Executive Chairman of Keras, commented, "The first payment under the Cooperation Agreement is a significant milestone for both the Company and Nayéga and we now look forward to the continued increase in production with cashflows that will underpin the cashflows from the US operations. I look forward to updating shareholders in the near term on progress on both fronts."
| Russell Lamming | Keras Resources plc | info@kerasplc.com |
| Nominated Adviser & Joint Broker Ewan Leggat / Jen Clarke Joint Broker Damon Heath / Erik Woolgar | SP Angel Corporate Finance LLP Shard Capital Partners LLP | +44 (0) 20 3470 0470 +44 (0) 207 186 9900 |
Notes:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.