- Keras Resources' 30%-held Calidus has has entered into a binding term sheet with Novo Resources to form a joint venture.

Keras said that under the JV Calidus would have the right to acquire a 70% interest in Novo's exploration licences 45/3381, 45/4194, 45/4622, 45/4666 and prospecting licences 45/2661, 45/2662, 45/2781 and all related technical information held by Novo.

Keras said the Novo tenements surround the Calidus flagship Warrawoona gold project and included direct extensions to the Klondyke Shear in the East Pilbara of Western Australia.

At 9:43am: [LON:KRS] Keras Plc share price was +0.03p at 0.4p

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