Keras Resources – Flash Note

28 September 2017

The pace of exploration is ramping up for Calidus Resources in the Pilbara, the company in which Keras holds 217m ordinary shares and 506m performance shares. Calidus has RC and diamond rigs turning with a focus on both resource development and extensions to mineralisation at the Warrawoona project. Calidus has also announced a JV with TSX-listed Novo resources, consolidating and expanding the company’s footprint in the Pilbara. Calidus now controls the majority of the highly prospective greenstone belt in the Warrawoona area. Calidus has just completed a highly oversubscribed $10m capital raise.

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