- Keras Resources said its 30%-held Calidus Resources had now received all assays for the 'gap' zone at its flagship Warrawoona gold project located in the Pilbara of Western Australia.

Keras said Calidus had reported that the results confirmed that continuous mineralisation and width now extended for 2.6km of strike and was open at depth and along strike in both directions.

Calidus's current drilling campaign is 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.

As previously announced, once an Indicated Resource of at least 500,000oz is declared, Keras will 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 8:21am: [LON:KRS] Keras Plc share price was +0.03p at 0.43p

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