- Keras Resources has noted that its 31%-held Calidus Resources continues to intercept gold mineralisation across significant widths at its flagship Warrawoona gold project, located in the Pilbara of Western Australia. Keras said that Calidus's current drilling campaign was intended to support a significant resource upgrade in Q4 2017 with a large portion of this updated resource estimate forecast to be in the 'indicated' category.

It said that as previously announced, once an indicated resource of at least 500,000oz was declared, Keras would receive 241.25m ordinary shares in Calidus, which will increase Keras's holding to ~50% of Calidus's total issued share capital based on the number of shares currently in issue.

At 9:14am: [LON:KRS] Keras Plc share price was -0.03p at 0.38p

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