StockMarketWire.com - Keras Resources' Australian subsidiary has entered into an option agreement to acquire one exploration licence and two exploration licence applications in the East Pilbara district of Western Australia.

The company said the new licences were adjacent to Keras Australia's Warrawoona gold project, which had a current inferred mineral resource inventory of 5.8Mt @ 2.2g/t Au for 410,000oz.

Keras managing director Dave Reeves said: "The option over these licences is another key step in consolidating exploration ground that has significant potential to increase Keras Australia's gold resource inventory.

"The optioned licences cover highly prospective ground and a substantial number of historic gold workings.

"As well as covering extensions to the Klondyke shear (which hosts a resource totalling 410,000 ounces of gold), the licences cover most of the historic, high grade Marble Bar Goldfield.

"With additional tenement holdings in the area, these additional licences will increase the potential gold inventory of Warrawoona to improve the likelihood of a stand-alone operation being developed."


At 9:10am: [LON:KRS] Keras Plc share price was +0.05p at 0.38p



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