Current News

Kryso Resources plc (AIM: KYS), the mineral exploration and development company focused on projects in Tajikistan has appointed Walbrook PR Ltd as its financial PR and IR advisor.

Walbrook's brief is to advise Kryso Resources on its communications with the media, investment community and other third party stakeholders.

Kryso Resources' 100% owned Pakrut project is situated in Tajikistan, 112km northeast of the capital city of Dushanbe, and lies within the Tien Shan Fold Belt, which hosts a number of multi-million ounce gold deposits. An internal prefeasibility study, which has shown highly positive results, has already been completed and a bankable feasibility study is currently underway. Total JORC Code-compliant resources of 3,024,000oz Au have been defined and the deposit is expected to yield further JORC Code-compliant resources over time.

Kryso Resources' primary goal is to bring its Pakrut gold project into production at the earliest opportunity. To this end, Kryso announced last week that it had conditionally placed 73.2m new shares to China Nonferrous Metals International Mining Co. Ltd (CNMIM) raising £11m before expenses. In addition, CNMIM has conditionally agreed to use its best endeavours to provide mine construction financing for not less than 70% of the funding cost of the Pakrut gold project. Proceeds of the placing are to be deployed to fund the development of the Pakrut gold project.