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Keras Resources noted that Calidus Resources, of which it owned 33.8%, had outlined the launch of a major drilling campaign at the Warrawoona gold project in Western Australia state.
The 15,000-metre drilling programme was planned to increase the life of a proposed mine at Warrawoona.
It would target greenfield mineralisation, resource extensions and continue to de-risk the project through infill drilling.
At 2:42pm: (LON:KRS) Keras Plc share price was 0p at 0.49p