- Keras Resources said it was delighted that Calidus Resources had begun trading on the ASX morning.

Keras said it currently held 217 million shares in Calidus and a further 525 million performance shares.

Keras director Dave Reeves said: "We are delighted that Calidus has commenced trading on the ASX.

"This marks a major milestone and final step in our plan to list our Australian gold assets on the ASX having recognised that we can best realise value from these assets by placing them in a standalone, Australian based company.

"Calidus is solely focused on the development of the Warrawoona Gold Project and has already commenced drilling having successfully raised A$7,875,000 (£4.5m).

"We retain significant upside exposure to these assets through our performance shares whilst continuing to advance our African portfolio of assets centred on commodities that are critical to the rapidly growing battery market - namely cobalt, manganese and nickel."

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