Kryso is an emerging mineral exploration company that is principally focussed on exploring the gold and other precious metals deposits previously discovered in Central Asia during the Soviet Union era and then, where appropriate, bringing them into production.
Kryso, which has its head office in London, is a public company that was admitted to the AIM in December 2004 in order to continue funding the development of the Pakrut Gold Deposit, further explore the Pakrut Licence Area and to obtain and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Group's executive directors and senior management are based in Dushanbe.

The Company's executive directors have a proven track record of operating in Tajikistan and they believe that Kryso Resources is the first foreign company to obtain a 100% interest in a mining and exploration project in the country.

From 1 April 2004, LLC Pakrut, a wholly owned subsidiary of the Company, was granted a licence and geological lease to explore and exploit the Pakrut Licence Area which comprises the Pakrut gold deposit and the surrounding 6,300 hectare exploration area located in the metalliferous southern Tien-Shan Fold Belt. This belt is reputed to have the second largest known gold resource after the Witwatersrand in South Africa.

The Group intends to conduct a feasibility study to assess whether the Pakrut gold deposit can be developed into a producing mine and also intends to explore the already identified mineral deposits and areas of mineralization in the Pakrut Licence Area.

.

The Republic of Tajikistan is a landlocked mountainous country in Central Asia with a land area of approximately 143,100 square kilometres and was formerly part of the USSR. It borders with Uzbekistan (to the West), Kyrgyzstan (to the North), China (to the East) and Afghanistan (to the South).

For release at 15.00 GMT 20 December 2006

Kryso Resources plc (KYS)

Placing of shares and warrants

Kryso Resources plc, the mineral resources exploration and development company
based in Tajikistan, announces the formation of a strategic alliance with Great
Basin Gold Limited through the placing with Great Basin of new Ordinary Shares
at 10 pence per share and the issue of warrants at 15 pence per share.

Highlights

* Placing of 10 million new ordinary shares at 10p to raise 1 million before
expenses.

* Issue of 5 million warrants exercisable at 15p per share.

* Proceeds to be used to continue the exploration diamond drill programme at
the Pakrut Gold Deposit ("Pakrut"), simultaneously to complete the
feasibility study on Pakrut and to conduct a geophysical survey and drill
programme at the Hukas Nickel Copper project.

* A strategic alliance formed between Kryso Resources plc and Great Basin
Gold Limited which is part of the Hunter Dickinson Inc. group of companies.

* Great Basin would also have the right to appoint one director to Kryso's
Board of Directors and a technical advisor to the management team.

Commenting on the Placing, Vassilios Carellas, Chief Executive Officer of Kryso
Resources plc said: "Kryso is at a stage whereby additional funding is required
to continue with its operations to achieve the set goals. By bringing Great
Basin Gold onboard as a strategic partner, Kryso has resolved its financing
requirements and simultaneously acquired access to a renowned team of technical
expertise, which will greatly assist Kryso to develop its existing properties
and acquire additional properties in the region."

Summary

Kryso Resources plc ("the Company") announces that it has entered into an
agreement with Great Basin Gold Limited (TSX: GBG; AMEX: GBN; JSE: GBGOLD)
("Great Basin Gold") to complete a placing of 10,000,000 new Ordinary Shares at
10 pence per share to raise 1 million before expenses. This is a significant
equity fundraising for the Company and Great Basin Gold will own 15.24 per cent
of the Enlarged Issued Share Capital after the placing.

Under the terms of the placing Great Basin Gold will also be issued one Warrant
for every two shares issued in the placing, subject to receiving relevant
shareholder approval at the Company's next AGM. The Company's Directors will
support relevant resolutions by way of irrevocable undertakings to vote in
favour thereof.

The shares subscribed for by Great Basin Gold are subject to a lock-up for a
period of 12 months from the date of issue and this will apply to shares
subscribed for under the Warrants.

Great Basin would also have the right to appoint one director to Kryso's Board
of Directors and a technical advisor to the management team.

Great Basin Gold

Great Basin Gold is developing mining assets in the Witwatersrand Basin in
South Africa and the Carlin Trend of Nevada, USA. Great Basin has a healthy
balance sheet, is debt free with a strong working capital position.

Great Basin Gold is part of the Hunter Dickinson Inc. group of companies which
is an acknowledged leader in the Global Mining Industry. There are a total of
eight listed public companies in the Hunter Dickinson group which are involved
in exploration through to large scale mining, in a variety of metals including
Gold, PGMs and Base Metals.

The Hunter Dickinson group is proud that it has a team of multi-disciplinary
mining professionals behind every Hunter Dickinson company, composed of
industry leaders in the fields of geoscience, engineering, the environmental
sciences, finance and investment, property acquisition, regulatory and
government affairs, and community development. Hunter Dickinson Inc is
capitalised at over 1.6 billion Canadian dollars.

Reasons for the Placing and Use of Proceeds

The Directors propose to use the net proceeds of the funds raised pursuant to
the Placing to continue with the exploration diamond drill programme at Pakrut
and simultaneously complete the feasibility study on the Pakrut Gold Deposit.
The funds will also be used by the company to carry out an electromagnetic
survey at its Hukas Nickel Copper project as well as an exploration diamond
drill programme to test the known near surface mineralization.

Terms of the Placing

Pursuant to a share and warrant purchase agreement dated 18 December 2006
between Great Basin Gold and the Company (the "Agreement"), Great Basin Gold
has agreed to subscribe for 10,000,000 new Ordinary Shares of 1 penny each in
the capital of the Company at a subscription price of 10 pence per share.
Further pursuant to the Agreement, the Company has agreed to issue to Great
Basin Gold 5,000,000 warrants, each warrant giving the right to subscribe for
one new Ordinary Share at a price of 15 pence per share for a period of 24
months from the date of issue (the "Warrants"). The issue of the Warrants is
subject to the approval of the shareholders of the Company at the next AGM. The
Company undertakes to use its best efforts to obtain the relevant shareholder
approval.

Under the Agreement, Great Basin Gold is given a pre-emptive right to
participate in any new issue of shares by the Company pro-rata to its existing
shareholding, subject to certain exclusions, including the issue of shares in
respect of the acquisition of mining rights, real estate or a corporate
entities, and including the issue of shares pursuant to the exercise of
employee share options. Where any new issue of shares is proposed by the
Company, Great Basin Gold has 10 days in which to exercise the right which
otherwise lapses. The pre-emptive right is personal to Great Basin Gold and
does not transfer with the shares to be allotted to it under the Agreement. The
pre-emptive rights lapse after five years.

Pursuant to the Agreement, the Company has agreed to appoint a new director
nominated by Great Basin Gold. Once appointed, the nominated director will be
subject to retirement by rotation in the normal way.

The Agreement contains representations and warranties given by the Company to
Great Basin Gold as to the organisation, good standing, mineral rights, assets
and other matters relating to the Company and its business.

- ENDS -

For further enquires, please contact:

Kryso Resources plc -
www.kryso.com

http://www.greatbasingold.com/gbg/NewsReleases.asp?ReportID=163711&_Type=News-Releases&_Title=Great-Basin-Invests-In-Aim-Listed-Kryso-Resources-Gains-Entry-Into-Prospect...

21 Dec'06 - 03:42 - 812 of 813


Gentlemen,

This placing is obviously at a lower price than I personally would have liked - I had 30p in mind. But it is surely bullish at this level. The foreseeable future is secured. Kryso is no longer at the mercy of the whimsical end of the AIM market.

Simon Cawkwell

December 22, 2006

Kryso Resources Plays a Blinder With Its Strategic Alliance With Great Basin Gold.


By Jack Hammer



The management team at AIM listed Kryso Resources have at least one pre-requisite for working in Tajikistan experience. For one thing, chief executive Vassilios Carellas and finance director Craig Brown are both married to Tajik wives. More pertinent to the matter in hand, both worked for Nelson Resources when it owned the ZGC project that is now giving Avocet such a headache. Local Tajik director Abuali Ismatov also happens to own four vodka bottling plants, which over the years has no doubt helped to take the edge off the hard winters. He is a prominent business man and has vital political contacts.
Between them those directors and two other non-executives hold 38 per cent of the company. Nothing unusual about that, but there are some other quirks to the shareholder base. Not only does Kryso boast familiar funds Gartmore and RAB on the register, but also showing up, with 4.3 per cent of the company is Simon Cawkwell, aka Evil Kneivel, a man well-known in the London markets as an ardent and ruthless proponent of shorting. And 32 per cent of the shares are held by what company presentations simply term others, but which, according to Mr Carellas, comprise primarily of retail investors.

Thats an unusually high retail presence for an Aim miner, and on a randomly selected day in London Friday 15th December there had been twenty trades in Krysos shares before 2pm, a number that directors of some other companies might be thankful for. Even so, in the light of this years steady decline in value of Kryso shares, Mr Carellas still worries about liquidity and is contemplating a dual listing in Canada to tempt more punters in.

So what would they be buying? Well, at the moment Kryso presents two key propositions. The most advanced is the Pakrut gold deposit, which contains over 1.2million ounces in the Russian C2 and P1 categories, while the most exciting early stage property is the Hukas nickel, copper, cobalt and PGM prospect, due to be drilled next year.

Pakrut is currently being delineated via an underground drill programme operating out of old Soviet adits. Thats more expensive than drilling from surface, but the company gains time by not having to shut down during the severe winter months. To date Kryso has drilled 7,000metrs on Pakrut, with 3,500metres still to go under the current programme. Significant intersections include 40metres at 8.56 g/t, 33metres at 3.69 g/t and two 40metre plus intersections at over 2 g/t gold. Mineralization is open at depth and open to the east. Mr Carellas is hopeful that he can add significantly to the three ore zones identified by independent consultant Snowden in the companys competent persons report. Russian data, generated at a cost of US$5metres according to Mr Carellass estimate, recognises eight. Looking ahead the plan is for an initial open pit, followed in due course by an underground mine.

With the most recent drill core samples currently en route for independent assay by SGS Lakefield, Kryso ought to be able to put a JORC resource number on Pakrut by February. At the moment Mr Carellas is expecting something of the order of half a million ounces, measured and indicated. On current timelines the first gold pour will take place in the fourth quarter of 2008, with production ramping up to around the 70,000 ounces per year mark and average cash costs running at around US$300 per ounce.

In the background is the Hukas prospect, signed up in July 2006, a sulphide nickel occurrence with a strike length of over 5km. Its been drill ready since Soviet times, with average surface grades from trenching showing grades of 1.5 % nickel and 1 % copper. Its definitely worth a look, and diamond drilling commences next year.

But Krysos next big hurdle probably wont be related to the drill bit, but to money. That is why the recent announcement that Great Basin Gold , part of the Hunter Dickinson Group, has invested 1 million in Kryso giving it a 15.24 per cent holding, is so crucial. A strategic alliance has been agreed between the two companies and Great Basin will appoint a director to the board of Kryso as well as a technical adviser to the management team.

Mr Carellas reckons it will take a further US$30 million to get Pakrut into production so he has picked his partner well. Great Basin has a strong balance sheet and access to funds. Moreover it is led by Ferdi Dippenaar who was Bernard Swanepoels right hand man at the big South Africa gold producer Harmony Gold. Ferdi wants to spread his wings outside South Africa and he knows plenty about underground mining. Kryso now starts to look seriously interesting.

Up 6.49% this morning.

Simon Cawkwell - 22 Dec'06 - 15:15 - 824 of 824


sunny925,

My family are still sitting on roughly 5.5m Kryso. We have never sold a share. This deal with Great Basin is tremendous. I have no idea why the share price sits down here.

Simon Cawkwell

Aldwickk,

Thought I should submit a post because I didn't want to see a dozen by the same person!

Been in since Day 1 and, just like your good self, I am remaining faithful to The Co. Cause.

markusantonius,

Thanks, so you bought these at the issue price of 10p, am 1% down on these but if Simon Cawkwell as 5.5m and says they should be priced at 30p now and with the deal with Great Basin they are a much less risky investment also they have good contacts with the local goverment.

Yes, Aldwickk. Although I have to add that I've spoken with Mr. Cawkwell twice in the last 18 months and he was insisting "30p!" right from the outset and yes, he appears to sound as confident, as always! Hmm, I would like to think that us long term holders will be rewarded before too long?

The first one to post moneyam today.

Nice little tick up, this morning! :o)

Up 11% today on high volume, news on drill core samples ?

Some interesting trades today, maybe even a RNS soon regarding a stockholding.

Down 1.10%

UP 0.62 5.56 % on 400,000 volume.

Bid 12 offer 12.5, up 3.16% this morning.

Posted by Simon Cawkwell,

Gentlemen,

I have not changed my mind: KYS is ridiculously cheap.

Simon Cawkwell

For release
7.00am 19th February 2007





KrysoResources plc (KYS.L)



Drilling Report



Further positive drilling analyses from SGS Lakefield laboratories in South
Africa

Drilling points to mineralization extending into areas not previously tested

Company confirms on course to produce initial resource statement in Q1 2007







Kryso Resources plc ("Kryso" or "the Company"), with gold and nickel-copper
properties in Tajikistan, is pleased to announce further successful drilling
results from its exploration programme at its 100% owned Pakrut Gold Deposit
("Pakrut") located in the Tien Shan Fold Belt in the Republic of Tajikistan.
The following results are from diamond drill core samples that were assayed by
SGS Lakefield in South Africa in January 2007.



Table 1 summarises the significant diamond drill hole intersections. The
highlights include 11m @ 4.51 g/t Au (including 5m @ 8.20 g/t Au), 10.5m @ 4.26
g/t Au, 18m @ 3.09 g/t Au, 58m @ 1.94 g/t Au, 53.4m @ 1.55 g/t Au, 41.2m @ 1.60
g/t Au and 30m @ 1.98 g/t Au (including 7m @ 4.70 g/t Au).



These results support the interpreted trend to the mineralization at Pakrut,
which is still open at depth, to the east and to the north. Below the adit
level, the dip of the mineralised zone has appeared to steepen to vertical to
then to dip in the opposite direction, as in the shape of a bow. This has
resulted in the mineralization trending into new areas that were not tested by
the Russians. Kryso has already begun drilling these areas immediately below
the adit level and during the spring, a plan is underway to drill the lower,
northern, and eastern extensions to the Pakrut mineralization from surface.



Kryso is still on track to release an initial resource statement on the
drilling carried out to date for the Pakrut Gold Deposit in the 1st Quarter
2007. Any resource estimated by or for Kryso will be reported in a manner
suitable for reporting under the JORC Code.





Kryso Resources Managing Director, Vassilios Carellas commented:



"We are extremely pleased with this set of results that further testifies to
the economic grade of the mineralization being intersected at Pakrut. The fact
that the mineralization is trending into an area that has not been tested could
prove to be a significant addition to the overall resource at Pakrut."



All the exploration results have been approved for release by Dr Trevor
Davenport, B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso. Trevor has more
than 30 years experience in the exploration and mining industry and has
consented to the inclusion of the material in the form and context in which it
appears.



ENDS

UK smallcap opening - Kryso Resources ticks up on successful drilling results
AFX


LONDON (AFX) - Kryso Resources ticked up 0.63 to 12.25 pence after the company, with gold and nickel-copper properties in Tajikistan, announced further successful drilling results from its exploration programme at its 100 pct-owned Pakrut Gold Deposit located in the Tien Shan Fold Belt in the Republic of Tajikistan.

Kryso Resources managing director Vassilios Carellas said: 'We are extremely pleased with this set of results that further testifies to the economic grade of the mineralization being intersected at Pakrut. The fact that the mineralization is trending into an area that has not been tested could prove to be a significant addition to the overall resource at Pakrut.'

newsdesk@afxnews.com

KYS holding up well today, but i have sold out and bought VML, hope to get back in KYS again before they shoot up.

I was just a few hours late and had to buy after the update was issued, i had to buy at the full market price of 12p.

Kryso Resources Progress Update


Kryso Resources plc (`Kryso', `Kryso Resources' or `the Company') Progress Update Kryso Resources plc (AIM: KYS), the mineral exploration and development company
with gold and nickel-copper projects in Tajikistan, is pleased to provide the
following update on its activities to date.
Since listing on AIM in December 2004 the Company has:- Outlined an initial JORC resource of approximately 596,500 ounces at the
Pakrut gold project (`Pakrut'.
- Commenced a bankable feasibility study on an open pit mining operation at
Pakrut. This study is anticipated to be completed around the middle of the
year.
- Acquired the exploration licence for the Hukas nickel-copper project
(`Hukas'.
- Completed a surface trenching program at Hukas and attained results which
confirm the presence of nickel and copper mineralization at the project.
- Formed a strategic alliance with Great Basin Gold (`Great Basin'), part of
the Hunter Dickinson group of companies, and cemented this through a
non-brokered private placement of Kryso shares worth 1,000,000 to Great Basin.This was the first financing carried out by Kryso since its listing, when
2,600,000 was raised.
- Completed 62 drill holes at Pakrut, totalling over 10,000m of diamond core
drilling. Holes 63 and 64 are currently being drilled.
- Completed over 2,500 metres of surface trenching at Pakrut and Hukas.
- Developed over 600 metres of underground adit at Pakrut.-- Re-established access to over 4 kilometres of Soviet-developed underground
adit at Pakrut.
- Re-established approximately 25 kilometres of access and site roads up to and
around Pakrut.
- Acquired 3 diamond drill rigs, 4 bulldozers, numerous support vehicles,
underground mining equipment and various workshop machinery and tools.
- Built an 85-person camp at Pakrut, including workshops, fuel depot, storage
facilities etc.
- Established its own sample preparation and analytical laboratory in
Tajikistan's capital city Dushanbe.
- Prepared and assayed over 12,000 samples, of which 3,500 have been sent to
South Africa to be fire assayed by SGS Lakefield.
- Completed initial metallurgical testwork on mineralised material from Pakrut
in cooperation with SGS Lakefield.
- Completed an environmental baseline study for Pakrut.
Corporate Developments- Kryso has appointed Fox-Davies Capital as its broker, and City of London PR
Ltd. as its financial public relations adviser. Both appointments are in line
with the Company's policy of appointing advisers specialising in the resources
sector.
- The Company currently has cash of approximately 1,100,000, which is expected
to be sufficient to complete the ongoing bankable feasibility study at Pakrut,
to continue with drilling and underground development of the main Pakrut
deposit and to complete a geophysical survey and initial drilling at Hukas.
- The latest drilling at Pakrut is targeting areas below the adit level in Ore
Zone 1 in the previously reported bow-shaped mineralised zone. Indications are
that both the width and grade of the main Pakrut ore body are increasing with
depth, which, the Directors believe, could have a significant positive impact
on the overall economics of the project, particularly if sufficient resources
are delineated to model an underground mine option.
Kryso Resources' Managing Director, Vassilios Carellas made the following
comments in a press release dated 19 March 2007:'This is a significant milestone for Kryso in the process of realising its
ambition to become a producer. The initial JORC-compliant resource statement
for the Pakrut gold deposit will underpin the ongoing feasibility study, which
is expected to be finished around the middle of the year. Continuing drilling
operations are targeting the main Pakrut deposit's potential underground
resource, and we look forward to announcing the results from these operations
when available.
It is evident that Kryso's drilling programme is successfully improving the
level of confidence in the historic Soviet resource estimate for the Pakrut
deposit of in excess of 1 million ounces, and one of the company's main
objectives is to bring the remaining Soviet resources into compliance with the
JORC code.'Master Investor 2007Kryso Resources will be exhibiting at Master Investor 2007, which will be held
at: The Business Design Centre, 52 Upper Street, Islington, London N1 0QH on
Saturday 24 March 2007 from 9.00am - 5.30pm. Master Investor is one of the UK's
premier investment shows, and the company welcomes interested parties to visit
its stand.
ProjectsKryso Resources controls 100% of the exploration rights to the Pakrut gold
project in the Republic of Tajikistan. The project encompasses a licensed area
of 63sqkm, within which lie the Pakrut, Eastern Pakrut, and Sulfidnoye gold
deposits and the Rufigar prospect. Kryso Resources also controls 100% of the
exploration rights to the Hukas nickel-copper project.
For further information, please contact:Vassilios Carellas/Craig Brown, Kryso Resources plc.Tel: 020 7371 0600Brett Miller, Ruegg & Co Ltd.Tel: 020 7584 3663Richard Hail, Fox-Davies Capital Limited.Tel: 020 7936 5200Stephen Clayson/Ron Marshman/John Greenhalgh, City of London PR Limited.Tel: 020 7628 5518This release includes certain statements that may be deemed `forward-looking
statements'. All statements in this release, other than statements of
historical facts, that address possible future commercial production, reserve
potential, exploration drilling results, development, feasibility or
exploitation activities and events or developments that Kryso Resources plc
expects to occur are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, delay in the completion of the
feasibility study, continuity of mineralization, and continued availability of
capital and financing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees of future
performance and those actual results or developments may differ materially from
those projected in the forward-looking statements.
END

http://www.minesite.com/companies/comp_single/company/-f1b84f7497.html

Kryso Resources Proving Up Million Ounce Soviet Resource At Pakrut Gold Project In Tajikistan


By Henry Sandford



A week ago AIM listed Kryso Resources achieved a milestone when it released the first JORC compliant resource estimate for its Pakrut gold project in the former Soviet Republic of Tajikistan in Central Asia. A Soviet delineated resource of in excess of one million ounces is available for Pakrut, but for many investors, the existence of a resource estimate meeting JORC standards will mean that they can now start to take the project seriously.

The JORC resource estimate for the main Pakrut deposit stands at 10.1 million tonnes grading 1.84 g/t gold, of which 2.4 million tonnes grading 2.1 g/t gold falls into the measured category and 2.4 million tonnes grading 1.8 g/t gold falls into the indicated category. The remaining 5.3 million tonnes grading 1.7 g/t gold comes under the inferred category. A total 596,500 ounces of gold has therefore been brought under the JORC umbrella this time, but this is an initial estimate it is the companys expectation that there is more to come.

Admittedly, Soviet and JORC resources estimates are not directly interchangeable, but Kryso is confident that the deposit will live up to expectations. The conversion of additional Soviet resources to JORC standards will be undertaken in due course, and the deposit is still open at depth as well as to the east and north.

The initial resource estimate has been tailored to the requirements of the feasibility study currently underway, which is to model an open pit operation that will produce between 200,000 and 300,000 ounces of gold relatively low stripping ratio. The open pit feasibility study is expected to be complete by around the middle of this year. Underground mining will be also considered in future, and current indications are that the Pakrut deposit gets wider and higher grade at depth, which would be a plus point for an underground mine.

So far Kryso has focussed its efforts on the main Pakrut deposit, but two smaller satellite deposits, Eastern Pakrut and Sulfidnoye, also exist. The company plans to explore these deposits further and to convert the Soviet resource estimates that exist for them to JORC standards, but work on the main deposit understandably takes priority.

Krysos management team knows Tajikistan well. Managing director Vassilios Carellas, chairman Trevor Davenport and finance director Craig Brown all worked in Tajikistan in senior positions for Canadian-listed Nelson Gold, later Nelson Resources, prior to becoming involved with Kryso. In addition, executive director Abuali Ismatov is a Tajik national and well known businessman so is able to provide effective local liaison with the government and the business community. With the scares that some AIM investors have had in Central Asia, although not in Tajikistan, this level of local engagement on Krysos part will be a comfort. Tajikistan is in fact one of Central Asias more politically stable countries, having held peaceful presidential and parliamentary elections in 2006 and 2005 respectively.

Kryso has branched away from gold with the Hukas nickel-copper project, also in Tajikistan. Again, Hukas was discovered by the Soviets, who completed a small drill program intersecting some high nickel grades but failed to drill out the wider geophysical anomaly. Kryso is planning to change that this year, although its first step will be a geophysical survey to confirm the anomaly discovered by the Soviets and to select drill targets. Trenching carried out by the company last year has already confirmed the presence of nickel, copper, cobalt and PGM mineralisation. This years drilling will reconfirm previous Soviet drilling results and potentially extend the area of the known mineralization.

Kryso received a vote of confidence in its prospects in December when Great Basin Gold, part of the well respected Hunter Dickinson group of companies, signed a strategic alliance with the company. Great Basin also put in 1 million of new funding at the time, giving Kryso enough funds in the bank to complete its feasibility study, continue with drilling on Pakrut and complete the planned geophysical survey as well as initial drilling on the Hukas project.

When it listed on AIM in December 2004 Kryso raised 2.6 million and the only subsequent fundraising since has been with Great Basin. The company still has 1.1 million in cash, and its expenditure so far has enabled it to purchase three drill rigs and to carry out approximately 10,000 metres of diamond core drilling. Plenty of other useful work, including the establishment of an 85 man camp at Pakrut, has also been completed, so the company could hardly be accused of being overly profligate.

Would simply love to be a fly on the wall when Simon C's in laws pay a visit. ..What with his father in law being a Crown Court Judge even Simon surely wouldnt put his father in law on a bum steer with a shedful of iffy stock . ,,,But word on da street has it hat once the H/D financed feasibility study has been completed @ Pakrut and JORC resource estimations found to far exceed the very limited older Soviet data this stock will move quicker than a whores ass on pay day .At last the board is solid and robust and vastly expirienced in this region via previous employment . ...Open pit { upon which the JORC compliance is based is also very cheap to work ; and what with underground trenching revealing higher grades of the yellow metal and other precious metals this reminds me very much of CEY...........for from small acorns do great oaks grow . ......@+ J .

Up 13.33% today.

Kryso Resources plc

AIM: KYS

(`Kryso', `Kryso Resources' or `the Company')

Kryso Resources to Start Geophysical Survey Next Month

At Hukas Nickel-Copper Project, Tajikistan

- Objective is to confirm large nickel-copper sulphide anomaly

- Survey will also facilitate selection of drill targets

- Contractor appointed and on-site preparations begun

Kryso Resources plc, the mineral exploration and development company with gold
and nickel-copper projects in Tajikistan, is pleased to announce that LOGANTEK,
a geophysical services company primarily active in Asia, has been selected to
carry out the proposed geophysical survey at the Company's Hukas nickel-copper
project in Tajikistan.

Representatives from LOGANTEK will travel to Tajikistan in early May on a
reconnaissance visit, with a full ground-based electromagnetic survey taking
place shortly thereafter.

The goals of the survey are to confirm the large Soviet-reported geophysical
anomaly in the Hukas project area and to gain further understanding of the
wider project area, within which there are numerous showings of nickel-copper
sulphide mineralization. This is intended to enable the selection of targets
for drilling later in the year.

Kryso Resources' Managing Director Vassilios Carellas, comments:

"We are extremely excited to be in a position, through the planned geophysical
survey, to gain a more comprehensive understanding of the nickel-copper
sulphide mineralization at Hukas. Deposits of this type are coveted by the
mining industry, but are becoming harder to find.

As well as the electromagnetic survey, Kryso intends to carry out shallow
diamond drilling in some parts of the Hukas project area, particularly where
nickel-copper sulphide mineralization was identified by drilling in Soviet
times.

These shallow holes are to be in addition to the drill programme scheduled for
later in the year after the data from the electromagnetic survey have been
interpreted and a range of drill targets selected in the light of the results."

A team of Kryso employees has commenced preparations on-site at Hukas,
including the establishment of a camp, road development and bridge repairs.
These preparations will support Kryso's full 2007 work programme at Hukas,
which will also incorporate geological and topographical mapping, and 1500
metres of trenching and sampling.

For further information, please contact:

Vassilios Carellas/Craig Brown, Kryso Resources plc.
Tel: 020 7371 0600

Brett Miller, Ruegg & Co Ltd.
Tel: 020 7584 3663

Richard Hail, Fox-Davies Capital Limited.
Tel: 020 7936 5200

Stephen Clayson/Ron Marshman/John Greenhalgh, City of London PR Limited.
Tel: 020 7628 5518

Kryso Resources plc

("Kryso" or "the Company")

AIM : KYS

Directors' Shareholding

In accordance with Chapter 5 of the Financial Services Authority's Disclosure
and Transparency Rules, the Company was informed on 19 April 2007 of the
following Directors' interests in the Company's issued voting share capital:

Director Number of Shares Percentage of issued
voting share capital

Vassilios Carellas 7,100,000 10.68%

Craig William Brown 7,100,000 * 10.68%

Abuali Ismatov 7,100,000 10.68%


*7,000,000 of these shares are held by Westrock Resources Limited, a Bahamian
company in which Craig Brown is interested.

For further information:

Kryso Resources plc
Vassilios Carellas/Craig Brown,.
Tel: 020 7371 0600

Ruegg & Co. Limited
Brett Miller/Gavin Burnell
Tel: 020 7584 3663

Kryso Resources plc

AIM: KYS

(`Kryso', `Kryso Resources' or `the Company')

Kryso Resources Announces Appointment of Ferdinand Dippenaar,

CEO of Great Basin Gold, as Non-Executive Director

- Appointment cements its strategic relationship with Great Basin Gold, part of
Canada's highly successful Hunter Dickinson group

Kryso Resources plc, the mineral exploration and development company with gold
and nickel-copper assets in Tajikistan, is pleased to announce that Ferdinand
Dippenaar, aged 46, has been appointed as a Non-Executive Director of the
Company.

A resident of South Africa, Ferdinand Dippenaar has 25 years of mining industry
experience, particularly in the gold sector, and has occupied a variety of
senior roles. He is currently President, Chief Executive Officer (CEO) and
Director of TSX-listed Great Basin Gold (`Great Basin'), Kryso's strategic
partner and holder of approximately 15% of the Company.

Great Basin is part of the well-known Hunter Dickinson group of mining
companies. There are a total of nine listed companies in the Hunter Dickinson
group, with a total market capitalisation of in excess of CAN$3 billion. Mr.
Dippenaar also acts as an Executive Adviser to a number of other Hunter
Dickinson companies. Prior to joining Great Basin in 2005, he was an Executive
Director of Harmony Gold Limited, the world's fifth largest gold producer.

Kryso Resources' Managing Director Vassilios Carellas, comments:

`Ferdinand Dippenaar's appointment will not only bring Kryso the benefit of his
long experience in the mining industry but will deepen our relationship with
Great Basin Gold, with which Kryso has a strategic alliance. Kryso's
association with Great Basin and with Mr. Dippenaar reflects positively on the
attractiveness of our assets, and will be a valuable source of support as we
progress our Pakrut gold project towards production and explore the potential
of our Hukas nickel-copper prospect.'

Ferdinand Dippenaar has held the following directorships in the previous five
years:

Current:

Antler Peak Gold Ltd
Great Basin Gold Ltd
Great Basin Gold Inc
Great Basin Gold RSA (Pty) Ltd
N5C Resources Inc
N6C Resources Inc
Pacific Sentinel Resources Inc
Rodeo Creek Gold Inc
Southgold Exploration (Pty) Ltd
Touchstone Resources Company

Past:

Armgold/Harmony Freegold Joint Venture (Pty) Ltd
East Rand Proprietary Mines Ltd
Elandsrand Gold Mining Co Ltd
Evander Gold Mines Ltd
Grootvlei Mine Ltd
Harmony Gold Mining Company Ltd
Harmony Gold Australia Ltd
Kalahari Goldridge Mining Company Ltd
Musuku Beneficiation (Pty) Ltd
Randfontein Estates Ltd

Roly - lf i buy anymore of these ill have to issue an RNS reg notifiable interests .....Since the companies inception i seem to have been topping up every month or so --but only in small tranches of 50,000 or so ....For a fellow "shorter" as Simon to go sooo long must be an endorsement ...NOW a JORC compianced resourse. ..but it soon all adds up to a very overweight position ..........Good stock tho ...so ssssshhh ..Rewards -2008 .......Amities .....a/b @+ J

I found a decent article re Kyrso on the Proactiveinvestors.com website.

Clink HERE

Andy,

Thanks, thats one of the best acticle's i have read on KYS. Is it still only on your watch list ?

Aldwick,

Yes sadly, no spare funds until PAF relists.

Just bought 50,000, not showing yet. IG index not taking any buy orders now.

21 May 2007

Kryso announces that its shares were today admitted to trading on PLUS, the
independent London-based equity market service provided by PLUS Markets Group
plc. Kryso continues to be quoted and traded on AIM.

For further information contact:

Kryso Resources plc

Kryso Resources Plc ("Kryso" or the "Company") is pleased to announce its final
results for the year ended 31 December 2006. The results below are extracted
from the Company's audited Report and Accounts.

CHAIRMAN'S STATEMENT

As Chairman of Kryso Resources plc (`Kryso' or `the Company'), I am pleased to
report to shareholders that during the year the Company took significant steps
towards production at the Pakrut gold deposit (`Pakrut') and was also able to
commence exploration at the Hukas (`Hukas') nickel-copper prospect.

The three most significant developments for Kryso since my last Chairman's
Statement have been the completion of an initial JORC-compliant resource
estimate for part of the deposit at Pakrut in March 2007, the formation of a
strategic alliance with Great Basin Gold (`Great Basin'), part of the highly
successful Hunter Dickinson group of companies and the acquisition of the Hukas
nickel-copper project.

The initial JORC-compliant resource estimate for Pakrut was compiled
principally using data obtained from Kryso's first 8,000 metres of diamond
drilling and was generated by Snowden Mining Industry Consultants (`Snowden').
The resource is estimated to contain approximately 596,500 ounces of gold at a
0.5g/t gold cut-off grade. This resource will form the basis of the feasibility
study currently underway for a proposed open pit mining operation.

The bulk of the JORC-compliant resource is from the lower grade Ore Zone 2,
which was targeted first due to its close proximity to the surface,
facilitating the definition of an open pit. The mineralization is still open at
depth, as well as to the east and to the north. The latest drilling at Pakrut,
which is targeting areas below the adit level in Ore Zone 1, has indicated that
both the width and grade of the ore body are increasing with depth. The results
from these drill holes, once analysed at SGS Lakefield, the independent assay
laboratory used by the Company, will be used to update the existing JORC
resource. This could have a significant positive impact on the overall
economics of the Pakrut project, especially once sufficient resources have been
delineated to design the underground mine.

The strategic alliance with Great Basin Gold has been cemented through a
non-brokered private placement with Great Basin Gold of Kryso shares worth
31,000,000. This was the first financing carried out by Kryso since it's
listing in 2004, when 32,600,000 was raised. In addition, Ferdinand Dippenaar,
currently President, Chief Executive Officer and Director of TSX-listed Great
Basin, has been appointed to Kryso's Board as a Non-Executive Director.

In 2005, the potential for commercially significant nickel, copper, cobalt and
PGM (platinum-group-element) mineralization in the Republic of Tajikistan was
brought to Kryso's attention. The Company subsequently identified two areas
with favourable geological settings that had been discovered during the Soviet
era. Kryso has been granted an exploration licence for one area that
encompasses the Hukas prospect, and has won the tender for the other.

At Hukas, a relatively small, exposed, partially oxidized body of sulphide
mineralization was trenched by the Soviets, who also drilled several boreholes
into its projected extension. Sampling from these trenches and drill cores
returned encouraging average grades of 2.86% Ni, 1.26% Cu, 0.084% Co and 2.3g/t
PGM. From these investigations, it appeared that the mineralization at Hukas
was an isolated lens which had been separated from a potentially larger
sulphide body. In addition to this showing on surface, blind mineralisation was
also encountered by Soviet core drilling, which indicates a possibility to a
layered nature to the nickel mineralisation within the intrusive.

In 2006, after establishing a tent camp at Hukas and rehabilitating the 12
kilometre access road, Kryso excavated three trenches across the outcrop of
this lens. Analysis of the samples collected from these trenches returned
encouraging assays of 1.03 to1.57% Ni and 0.62 to1.21% Cu.

Kryso has contracted Logantek to carry out a ground based electromagnetic
geophysical survey (TEM) during June/July of this year over 8 square kilometres
of the Hukas Licensed Area, which extends to 17 square kilometres in total. In
addition to the geophysical survey, the Company plans to carry out a shallow
diamond core drill programme around the blind mineralisation discovered by the
Soviets later on this year.

The 2007 work programme at Hukas is intended to enable the Company to create a
conceptual model to guide further evaluation of the license areas economic
potential, while at Pakrut, Kryso remains focused on reaching production as
soon as possible. To this end, the Pakrut feasibility study is proceeding well,
and I expect the coming year to be even more momentous for Kryso than the
preceding one.

Trevor Davenport
Non-Executive Chairman

13 June 2007

aldwick,

I saw the Proactiveinvestors presentation the other night, and I was certainly impressed!

The presentation can be viewed HERE

KYS look solid, and the project fundamentals are improved by their now planning on 100K production PA, rather than the previous 30K.

I liked the CEO, and Simon Cawkwell put in an appearance too.

All in all, I have decided to make an initial purchase when funds permit, but this looks like at least a doubler within the next couple of years.

I feel this will be a boring and unexciting stock, a slow tortoise, but will make holders money in the longer term.

By Jackie Steinitz
19 Jun 2007 at 06:32 PM GMT-04:00


LONDON (ResourceInvestor.com) -- Many investors are instantly put off as soon as the S-suffix appears in an article; valuations of companies located in the Central Asian Stans are often collectively marked down for political risk with scant regard for the differences between the five countries.

But to stop reading now could be a mistake, as Kryso Resources [AIM:KYS], a gold/nickel/copper exploration and development company in Tajikistan which is anticipating its first gold pour by 2009 has considerable upside potential. Here, perhaps, are a dozen reasons to read on:

Krysos 100%-owned Pakrut gold project is located in the highly prospective Tien Shan belt, which is host to one of the world's largest concentrations of multi million ounce gold deposits. The belt, which stretches across Central Asia from Uzbekistan to China and Mongolia is reputed to be the worlds second most prospective gold belt after the Witwatersrand in South Africa (which has produced 40% of all the gold ever mined). Some 400M ounces of gold have been identified in Tien Shan, and its mines include the Uzbek state-operated Muruntau deposit, which is the worlds largest open pit gold mine and has a resource of 170 million ounces.

The Pakrut licence area was systematically explored by Soviets from the 1940s to 1980s leaving a physical legacy in the form of adits (tunnels) as well as a body of thorough, well-documented but under-interpreted data. The Soviet legacy has enabled Kryso to conduct year-round underground drilling from the adit, despite climatic constraints, and to fast-track the exploration programme and feasibility study. The initial grassroots exploration was conducted by the Soviets who were looking for the source of the alluvial gold found by locals in the river. In total they carried out $5m worth of exploration work including 6.5km of adit development, 5,000 metres of core drilling and 33,000 cubic metres of trenching. (In Tajikistan there were 30,000 people working on geology at one stage!) As has often proved the case in the Former Soviet Union, the exploration data was of good quality but the various bits of the jigsaw were not pieced together and the resource, estimated by the Soviets to be 1.28M ounces at the C2/P1 levels of confidence, was unexploited. Geotechnical information collected by Soviets on issues such as water flow, temperatures, snowfall and so on can be used in the feasibility study which is currently underway.

Kryso has conducted a further 10,000 metres of diamond core drilling and it is collating the vast amount of data on the Pakrut Licence Area into a single database. In March it announced its first JORC resource of almost 600,000 ounces from the lower grade Zone 2 with mineralisation still open at depth, to the north and to the east. (This lower grade area was targeted first as it is the nearest to the surface and so is open-pittable). The latest drilling at Pakrut is below the adit in Ore Zone 1 has indicated that both the width and grade of the ore body increase with depth. Kryso are targeting a resource of 1M oz by the end of this year. The total JORC resource was 10.1M tonnes at a grade of 1.84g/t with 4.8M tonnes of the resource in the measured and indicated category. Highlights of the drilling to date have included intersections of 40 metres at 8.56 g/t of gold and 33 metres at 3.69 g/t. Results from a further 20 drill holes will be published at the end of this month. A high grade sample of half a kilo which was assayed at the Central laboratory of Tajik Geology contained 570 pieces of free gold!

Only a small part of the 63 square kilometre project area has been drilled. To date Kryso have focussed on only about 5 square kilometres of the project area. Earlier work by the Soviets indicated that the licence area could contain 10 million ounces of gold though this was only at the C1/C2/P1/P2/P3 levels of confidence (The P2 and P3 levels fall below only JORC categorisations and should only be considered as exploration results and exploration potential respectively).

Kryso are fast tracking Pakrut to production by 2009. Revenues will provide cash flow for future development. The Bankable Feasibility Study initially scheduled for completion around now has been put back to the end of the year so that it can include plans for both an open pit and underground mine. The Environmental Baseline Study is already complete. Kryso are targeting production of around 100,000 tpa. The footprint of the operation will be confined to just one valley which will be home to the mine, the plant and the tailings dam.

The company has sought to control its own destiny as much as possible. It owns three diamond drilling rigs and has constructed its own assay lab in Dushanbe, the capital of Tajikistan (and 100km from Pakrut). It is possible that the future mine at Pakrut may produce its own hydro-electric power. With its own assay lab Kryso can analyse samples quickly and cheaply avoiding the delays which plague so many other mining companies in the current tight market. Ditto drilling rigs. The Feasibility Study is currently looking closely at the economics of producing hydro-electric power from the river which will have to be diverted anyway and is likely to have a fall of 250-300 metres. After the initial capex which could be in the order of $6m for 12MW turbines at Western costs, less if Chinese turbines are used, the mine would be self-sufficient in power for most of the year. It is an asset which could be left behind afterwards to supply power to the local communities.

The Tajik government encourages development through foreign investment. No mining licences have ever been revoked. Tajikistan is on the road to democracy and has held 3 elections since the break up of the Soviet Union. Although Kryso was the first foreign company to 100% own a project in Tajikistan there are now several companies which operate there including Avocet Mining [AIM:AVM], Kazakhmys [LSE:KAZ] which has just taken over Eurasias high grade silver deposit and Gulf International Minerals [TSX:GIM].

The Management team are plugged in to local culture. Although the CEO and CFO hail from South Africa and New Zealand they have a combined 25 years experience of working in Tajikistan for companies which developed two operating mines in the country. Both have Tajik wives. The CEO speaks half a dozen languages including Russian and Tajik while the CFO is fluent in Russian. The local director, Abuali Ismatov, is an influential and successful local businessman (whose portfolio includes four vodka bottling plants) with excellent political contacts. Top-notch local contacts have enabled the company to pick a high calibre local management team and workforce and to optimise both the Russian and Western equipment purchased on the basis of cost and quality.

Kryso is also exploring the Hukas nickel/copper/cobalt/PGM project. Like Pakrut this project was also explored in Soviet times revealing a nickel sulphide orebody which outcrops at surface, is potentially open-pittable and which was determined by the Soviets to have an average grade of exposed mineralization of 2.86% nickel, 1.26% copper, 0.083% cobalt and 2.3g/t of platinum group metals. This project has the potential to be even bigger than Pakrut. The Soviet results (exploration was discontinued because of lack of funds) show good grades for each of the metals individually. Taken together they imply a huge value of contained metal per tonne - at todays prices it would be over $1250/tonne and so equivalent to a gold grade of around 60g/tonne. Check out the sums yourself on Kitcos Whats that rock worth ready reckoner). Moreover the nickel is in sulphides and as the CEO, Vassilios Carellas has pointed out deposits of this type are coveted by the mining industry (as sulphides are far cheaper and more straightforward than nickel laterites) but they are getting ever harder to find. Kryso will be commencing core drilling and a geophysical survey at Hukas shortly.

The company is careful with money. Its offices are functional and not elaborate. Travel expenses are contained.

The company has recently forged an alliance with Great Basin Gold [TSX:GBG; AMEX:GBN; JSE:GBG] which is part of the Hunter Dickinson Group and now owns 15% of the company. The deal, concluded in December 2006 brought both technical expertise and 1 million (almost $2 million) of finance to Kryso. In April, Great Basin added a director, Ferdinand Dippenaar, to the Kryso board, who brings with him 25 years of mining industry experience particularly in the gold sector.

Besides Great Basin Gold the shareholder base comprises a mix of funds including RAB Capital (13%) and Gartmore (5%), the renowned short-seller Simon Cawkwell aka Evil Knievel (who is long on Kryso owning at least 3.65%, probably more), the directors (32%) and retail investors (around 27%). Together they represent a vote of confidence in the projects.



In an entertaining article about the company dating from 2004 Simon Cawkwell, who was then the Chairman of Kryso, argued that, in practice there was no geological or management risk attached to Kryso. This may have been over-egging the pudding (and Cawkwell subsequently had to resign the chairmanship because of a breach of AIM rules), but his point that the greatest risk is political is almost certainly a fair one. Nonetheless events to date have suggested that for mining companies Tajikistan has proved less risky than certain other of its fellow Stans.

For the directors the exigencies and obligations of development are probably what keeps them awake at nights; like all directors they have to deliver on promises to their stakeholders. At least in Krysos case the directors have previous experience of mine development.



At todays price of 13.25 pence Krysos market capitalisation is 8.8 million ($17.5 million) which ranks it 164th out of the 200-odd mining companies listed on the London stock exchange, 58th out of the 70-odd gold companies. With its early mover advantage in a well-explored but under-developed region, its high calibre team, local expertise and two highly prospective projects it certainly has significant blue sky potential to advance up the table and reward investors prepared to take on the political risk.

.

.

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Drilling Report - Pakrut Gold Project

- Exceptional intersections attained including 42m @ 11.17g/t Au, 50m @ 5.67g/t
Au, 41.5m @ 4.08g/t Au

- Results indicate that mineralization in Ore Zone 1 is increasing in width and
grade with depth

Kryso Resources plc, the mineral exploration and development company with gold
and nickel-copper projects in Tajikistan, is pleased to announce that further,
highly positive, assay results have been received from diamond core drilling at
its 100 per cent owned Pakrut gold project. The assays have been completed by
the internationally accredited SGS Lakefield laboratory in South Africa.

Highlights of drilling in Ore Zone 1 include intersections of:

42m @ 11.17g/t Au (including 6m @ 18.3g/t, 4m @ 28.15g/t, 3m @ 10.68g/t, 5m @
34.04g/t)

50m @ 5.67g/t Au (including 5m @ 41.54g/t)

41.5m @ 4.08g/t Au (including 16m @ 8.49 g/t)

40.5m @ 3.94 g/t Au

76m @ 2.53 g/t Au

These results, which are from drilling down to 150-200m below the existing adit
level, support the interpreted trend of the mineralization in Ore Zone 2 and
more particularly in Ore Zone 1, which is still open at depth and to the east
and north. The drilling, which has mostly targeted untested areas below the
adit level in Ore Zone 1, shows that both the width and grade of the
mineralization have significantly increased with depth.

Drilling continues immediately below the adit level from underground stations
and the Company plans to drill the deeper extensions of Ore Zone 1 from surface
later in the year.

In March 2007 Kryso announced an initial JORC-compliant resource statement of
approximately 596,500 ounces of gold assuming a 0.5g/t cut-off grade, which was
based on approximately 8,000m of drilling as at the end of January 2007. The
bulk of the current JORC-compliant resource is derived from the lower grade Ore
Zone 2, which was targeted first because of its proximity to the surface and
suitability for the definition of an open pit.

The drilling results released today and those generated in future will be used
to update the existing JORC-compliant resource estimate. Results from Ore Zone
1 are also expected to enable a preliminary underground mining option to be
generated.

Kryso Resources' Managing Director, Vassilios Carellas comments:

`We are delighted with the quality of the drill results being received from
Pakrut. Not only are the grades extremely encouraging, but also the
mineralization appears be trending into an as yet untested area, which raises
the prospect of a significant extension to the deposit.

This would naturally have a positive effect on the project's overall resource
base and would consequently bolster the economic case for the planned mining
operation at Pakrut. We will release further results from ongoing drilling as
and when they are obtained.'

All exploration results have been approved for release by Dr Trevor Davenport
B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso Resources plc. Trevor has more
than 35 years experience in the mining industry and has consented to the
inclusion of the material in the form and context in which it appears.

Closed up 1p on high volume & larger trades

recent media coment, here

Kryso Resources (AIM: KYS) was one of the few microcaps, in other words companies capitalised at around 10 million or less, to buck the trend this week, seeing its shares gain 7 per cent to 14.5p following the release of some attention grabbing drill results from the companys Pakrut gold project in Tajikistan. Intersections of up to 42 metres at 11.17 g/t gold and 50 metres at 5.67 grammes per tonne were recorded.

Kryso Resources Looks Forward To More Uplifting Intersections At Pakrut


By Henry Sandford



AIM-listed, Tajikistan focussed junior Kryso Resources got a boost recently from a set of eye catching drill results at its Pakrut gold project. Intersections like 42 metres at 11.17 grammes per tonne gold, 50 metres at 5.67 g/t, and 41.5 metres at 4.08 g/t tend to turn heads, and managing director Vassilios Carellas is hopeful that more results like this are on the way from Pakrut, where drilling has now begun to focus on Ore Zone 1, which lies below the existing adit level and which yielded the recent set of high grade intersections.
The prospectivity of the region is obvious, with the Tien Shan gold belt cutting a swathe across the central and northern part of the country and numerous known multi million ounce gold deposits. The Pakrut deposit currently has a JORC-compliant resource of 596,500 ounces, and Kryso is targeting in excess of a million. So far, the company has focussed its drilling on Ore Zone 2, which is located closer to surface. The reasoning behind this was that it facilitated the initial definition of an open pit the trade- off was that the grades in Ore Zone 2 are less impressive.

But in the light of recent results Kryso has taken the decision to delay the completion of a feasibility study on a mining operation at Pakrut until the around the end of the year, whereas the previous target date had been around the end of July. However, the company will now have more time to consider its options, particularly with regard to the mining scheme and how best to exploit the high grade mineralisation now coming into play.

A geophysical survey due to start shortly is intended to allow the definition of drill targets at Krysos Hukas nickel-copper prospect, and the company will look to test these in the first half of next year. An unfortunate delay on the part of the contractor selected to carry out the survey has put back the start of work by a couple of months since plans for the survey were announced in April, but snags such as this are inevitable in an industry environment where contractors have as much, if not more, work than they can handle.

The Stan label is always going to be a problem for a company like Kryso. With neighbours like Afghanistan and Kyrgyzstan, Tajikistan doesnt have the most comforting address for international investors. But it is worth remembering that not only is Tajikistan one of the few countries in Central Asia to permit an active opposition, but it peacefully held parliamentary and presidential elections in 2005 and 2006 respectively, and has never revoked a mining licence.

Kryso is not the only company to have recognised Tajikistans mining potential. AIM-listed gold producer Avocet Mining acquired the (ZGC) back in 2002, but recently sold it to Chinas Zijin Mining for a total cash consideration of just over US$55 million. As well as being a poor fit with Avocets other operations in South East Asia, the company was never able to get to grips with ZGC - or really with Tajikistan - but Kryso has no such difficulties.

The companys non-executive chairman Trevor Davenport, managing director Vassilios Carellas, and finance director Craig Brown all spent several years working in Tajikistan prior to becoming involved with Kryso. Moreover, non-executive director Abuali Ismatov is a prominent Tajik businessman, and the net result is a company that has the connections and the cultural sensitivity necessary to do business in this part of the world.

http://moneyam.uk-wire.com/cgi-bin/articles/20070927120903PF03C.html

Kryso Resources plc

`Kryso' or `the Company'

AIM: KYS

Company Registration Number 0519050

Interim Results for the six month period ended 30 June 2007

Highlights

- Feasibility study on Pakrut gold project is proceeding well with completion
anticipated in Q1 2008

- Geophysical survey at Hukas nickel-copper project is completed, drill targets
now being generated

- Highly encouraging gold intersections received from diamond drilling at
Pakrut, further results pending

Kryso Resources' Non-Executive Chairman Dr. Trevor Davenport comments:

`The company has achieved a great deal since I last reported to shareholders.
We continue to make good headway with the Pakrut feasibility study as well as
with the exploration of the Hukas nickel-copper project. In the light of the
exceptional recent drill results from the Pakrut gold project, with more
results due in the near future, we feel justified in looking to the coming
months with great optimism.'

From Stock Market Reporter

Fox Davies Capital has a "buy" rating for Kryso Resources (KYS), up 0.25p to 12.5p, following the company's interim results for the six months ended 30 June 2007. FD commented: "Whilst Kryso Resources is currently undertaking feasibility studies, recent drill results have been above expectations, such that the company is now evaluating coming into production at closer to 100,000oz pa from simultaneous underground and open pit operations, rather than lower production from an open pit followed by an underground mine 1 to 3 years later." However, FD said that it has not yet valued Kryso on a metal in ground basis because the most suitable scenario has not yet been identified although it reckons the shares are worth 21p..



Simon Cawkwell is convinced that they are worth a 30p +

1 October 2007

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Placing Announcement

- Kryso places 10,780,595 shares at 11.5p through Fox-Davies Capital

- A total of 1,239,768 raised before expenses

- Funds will be applied to Pakrut gold and Hukas nickel-copper projects

Kryso Resources plc, the mineral exploration development company operating in
Tajikistan, is pleased to announce that it has placed 10,780,595 ordinary
shares (`the Placing Shares') at a price of 11.5 pence each (`Placing Price')
(together, `the Placing') for gross proceeds of 1,239,768 through Fox-Davies
Capital Limited (`FDC').

Kryso will utilise the funds for the advancement of the Pakrut gold project,
where a bankable feasibility study is currently underway, and to sustain
exploration of the Hukas nickel-copper project. Some funds will also go towards
general working capital requirements.

Application will be made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM. It is expected that admission will become
effective and that trading will commence on 5 October 2007.

The Placing Shares represent 13.9 per cent of the enlarged issued share capital
of the Company. Following the admission of the Placing Shares to trading on
AIM, the Company will have 77,280,595 ordinary shares in issue.

Fox Davies Capital Limited acted as broker in relation to the Placing, and will
receive a commission and warrants to subscribe for 581,549 New Ordinary Shares
pursuant to the Placing.

Kryso Resources' Managing Director, Vassilios Carellas, comments:

`We are delighted with the support we have had for this placing. The funds
raised will allow us to continue with the feasibility study currently underway
on the Pakrut gold project and to carry out an exploration drilling programme
on targets identified at the Hukas nickel-copper project by the recently
completed geophysical survey.

We continue to make good progress with the Pakrut feasibility study, which we
expect to complete during the first quarter of 2008. We remain highly
encouraged by the recent high-grade gold intersections from drilling at Pakrut,
while we eagerly anticipate the results of the upcoming drilling at Hukas. With
gold and nickel prices both very strong, this is an exciting time for Kryso.'

Expanded Placing.

http://moneyam.uk-wire.com/cgi-bin/articles/20071003104133P0C3E.html

A little bit of action today, for a change. just 1 x 10k sale.

Trades for 09-Nov-2007
Time Volume / Price
16:34 150,000 @ 12.88p
16:25 100,000 @ 12.88p
16:21 10,000 @ 12.00p
14:34 100,000 @ 12.75p
15:14 100,000 @ 12.75p

Encouraging Results from Pakrut Gold Project Drill Intersections

- Further outstanding intersections include 6.5m @ 37.97g/t Au and 30m @ 13.23g/t Au

- Resource update expected before the end of the month

13 November 2007: Kryso Resources plc, the mineral exploration and development
company with gold and nickel-copper projects in Tajikistan, is pleased to
announce that further, highly encouraging, results have been received from
diamond core drilling at its 100 per cent owned Pakrut gold project. The assays
were carried out by internationally accredited laboratories in South Africa.

Highlights include the following intersections from Ore Zone 1:

6.5m @ 37.97g/t Au (including 1.5m @ 158g/t) from 132.7m

30m @ 13.23g/t Au (including 12.85m @ 29.07g/t) from 55.15m

For a full summary of results please see Table 1 at the end of this
announcement.

The results announced today, which are from additional drilling to 150-200m
below the existing adit level, support the interpreted trend of mineralization
in the main Pakrut deposit, which remains open at depth and to the east and
north.

These results, along with the results announced in June, will be used to update
the existing JORC-compliant resource estimate for the main Pakrut deposit,
which currently stands at 596,500 ounces.

The Company is currently utilising its drill rigs for a geotechnical drilling
programme designed to investigate the underlying bedrock in the area of the
proposed open pit and tailings dam, but intends to continue drilling the
postulated extensions of the main Pakrut deposit during the winter months from
underground, and to drill the deeper horizons from surface in the spring of
next year.

Kryso Resources' Managing Director, Vassilios Carellas comments:

`These are exciting intersections from the diamond drill programme at Pakrut.
The project continues to reward our exploration efforts, and these results bode
well for the update to the JORC-compliant resource estimate for the main
deposit, which we expect to be completed by the end of the month.'

All exploration results have been approved for release by Dr Trevor Davenport
B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso Resources plc. Trevor has more
than 35 years experience in the mining industry and has consented to the
inclusion of the material in the form and context in which it appears.

http://www.proactiveinvestors.co.uk/articles/art.php?KYS

Minesite 18/11/07

Kryso Resources (AIM: KYS) gained 10 per cent to 13.9p on the back of a strong set of drill results from the Pakrut gold project in Tajikistan and in the expectation that a resource update for the project will be announced shortly.

Kryso raises resource estimate at Pakrut gold project to 1.06 mln ounces

LONDON (Thomson Financial) - Kryso Resources PLC said the resource estimate at the Pakrut gold project in Tajikistan now stands at 1.06 mln ounces at a cut-off grade of 0.5 gram per tonne.

The company said the new estimate is about 77 pct higher on the original resource statement given in March this year.

Managing director Vassilios Carellas said Kryso has numerous additional drill targets and expects to increase the resource substantially in the future.

11 December 2007

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Geophysical Results from Hukas Nickel-Copper Project in Tajikistan

* Three geophysical anomalies outlined at Hukas by TEM survey one of which is
approximately one kilometre in strike length

* Drill testing of the anomalies planned for next year

Kryso Resources plc, the mineral exploration and development company with over
1 million ounces of JORC code compliant gold resource at its Pakrut gold
project in Tajikistan is pleased to announce that LOGANTEK, a geophysical
services company primarily active in Asia, has reported the results of the TEM
geophysical survey, which was recently completed at the Company's Hukas
nickel-copper project in Tajikistan.

The results of the survey indicate three anomalies located in gabbro-noritic
rocks. The Hukas area was previously investigated by the Soviets, who
discovered several occurrences of nickel-copper mineralization. One small
exposed mineralized lens returned average grades of 2.86% nickel, 1.26% copper,
0.83% cobalt and 2.3g/t PGM from surface trenching and two drill holes.

The TEM survey, consisted of 22 kilometres of fixed-loop surveying from which
the three significant TEM conductivity anomalies were identified.

The anomalies conform to the strike and dip of gabbro-norites, which are known
to host the nickel sulphide mineralization in the area. An extensive anomaly
was identified close to the Hukas Stream, and two more at the Mandara Stream,
located a few kilometres to the north within the Company's licensed exploration
area.

The Hukas Stream anomaly strikes in a north-easterly direction with a length of
one kilometre and is still open to the north. The depth below the surface at
which the anomaly occurs varies between 60m and 100m and dips to the east; its
width is up to 50m. The depth extension is over 200m, and is still open.

The two Mandara Stream anomalies strike in a north-easterly direction for 300m
and are open along strike. Both anomalies start from between 60m to 100m below
surface and dip in an easterly direction.

Kryso Resources' Managing Director Vassilios Carellas, comments:

`The results of the TEM survey have exceeded the Company's expectations and are
now being used to plan a drill programme to investigate these anomalies next
year. The survey forms an important first step in what will be a comprehensive
exploration programme at Hukas, which we believe has great potential to host an
economic deposit. There is currently a local Geological Expedition drill on
site with which we plan to begin drilling next spring. In addition Kryso is
looking to source one or two more rigs locally to assist with the drill
programme'

KRYSO RESOURCES (KYS LN), Mining-Tajikistan, Current Price: 13.75p, BUY target price: 0.42

BUY, target price 0.42

Analyst: Peter Rose


Event

Kryso Resources plc has reported the results of a transient electromagnetic (TEM) geophysical survey recently completed at the Company's 100%-owned Hukas nickel-copper project in central Tajikistan. The survey consisted 22 km of fixed-loop surveying. Three significant TEM conductivity anomalies were identified which conform to the strike and dip of gabbro-norites, the known host rocks to sulphide mineralization in the area. An extensive anomaly was identified close to the Hukas stream, and two more at the Mandara stream, located a few kilometres to the north within the Companys licensed exploration area


The main anomaly strikes in a north-easterly direction with a length of one kilometre and is still open to the north. The depth below the surface at which the anomaly occurs varies from between 60m to 100m and dips to the east. The width is up to 50m, but may be less depending on the conductivity of the anomaly. The depth extension is over 200m, and is still open. At Mandara, two zones have been modelled, striking in a north-easterly direction for 300m and are both open along strike. Both anomalies start from between 60m to 100m below surface and dip in an easterly direction.

The Hukas region was previously investigated by the Soviets, who discovered several occurrences of nickel-copper mineralization. One small exposed mineralized lens returned average grades of 2.86% nickel, 1.26% copper, 0.83% cobalt and 2.3g/t PGM from surface trenching and two drill holes. This lens is isolated and not within the main anomaly.

Implication

On the back of their continuing exploration success at the Pakrut gold project, Kryso are now widening their scope to include the Hukas nickel-copper project. The TEM survey results indicate a strong possibility for a large mineralised system within the licence area, missed by previous drilling. Since the anomalies are yet to be drilled by Kryso it is not possible to put them into an economic context. However, with known nickel-copper-cobalt-PGM mineralisation in the region it is certainly true that this represents an exciting new prospect. Should drilling confirm mineable widths and grades over the lateral extents implied by the anomalies, this project area could prove to contain a significant ore deposit and Krysos second major asset.



Valuation

This development does not impact our valuation of Kryso as the project is not included in our modelling at this stage.



Comment

We maintain our Buy rating for Kryso Resources with a target price of 0.42/share.



Fox-Davies Capital

http://www.proactiveinvestors.co.uk/articles/art.php?KYS2

Thanks for that aldwickk. Increased my holding in this share last week and really think it is due for a bit of attention. Do we know any reasons for the holdings reduction by RAB?

TIPSPrevious Tips
Kryso Resources: Speculative Buy at 13.75p
A tip from Tom Winnifrith of www.t1ps.com - 23/12/07

Evil is not always right about everything (Princess Anne, Regus, Stanelco, etc). But occassionally the old boy gets it very rights (Cherie Blair, Golden Prospect, Sanctuary etc). My tip today is for Evil the love that dare not speak its name. I refer not to that activity which EK says never happened at Rugby school. But to Kryso Resources which at 13.75p is very cheap. The stance is speculative buy at up to 18p with a target price of 36p.

Kryso Resources (KYS) has become a bit of a joke with myself and Evil. Evil was a director until he got into a spot of bother over the timing of some share trades and was forced by the Nomad to step down. My own view is that it is the Nomad who should have been made homeless not Evil but there you go. Evil is still a big fan but we need to tap into his deep understanding of the geology of the prospect to see why. This is a very simple story. Kryso has a proven resource at Pakrut in Tajikistan of 1.056,587 oz gold. There is still exploration upside at Pakrut and at 3 nearby staelitte deposits. My simplistic analysis is that at $75 oz for the resource and $7.5 for a massively risk weighted potential to double it via exploration Kryso is worth 36p a share on a fully diluted basis. That makes my stance speculative buy at up to 18p with a one year target price of 36p.

Pakrut
Pakrut is in Tajikistan. In Harry Potter political prisoners are sent to Azkaban and it strikes me that when Evil comes to power Tajikistan is the sort of place that Cherie Blair, Patricia Hewitt and others guilty of thought crime will find themselves sent to. But by the standards of the region it is politically stable and has an established fiscal and mining regime. I have put an additional 25% risk weighting in my model to allow for the fact that Tajikistan is not East Surrey.

Kryso floated in December 2004 specifically to exploit this asset which was fairly well defined by exploration activity during the Soviet era. Since the IPO the company has beavered away on exploration work and now has a resource of 1.056 million ounces. There is significant scope to increase that resource via additional exploration both at Pakrut and on neighbouring satellite sites. the company has a few other assets (notably the Hukas nickel copper project) but I propose to ignore them completely. What the City wants and what I want is not hope factor but the prospect of near term cashflow and production. That is what Pakrut offers.

Pakrut should be in production within 24 months. The company reckons that $50 million will build a mine with both open pit and underground operations producing 100,000 oz per annum for a decade. If I am correct about exploration upside then you can bump up both the annual output and projected minelife. Kryso has 1 million of cash so if one assumes that the mine can be 70% debt financed then it still has to raise 7.5 million in additional equity. I am confident that it will do so the issue is at what price.

Even on the 100,000 oz model then at a 25% discount to current gold prices this operation could be throwing off - on my calculations - c$40 million of free cashflow per annum. I would remind you that this is a company which - at 13.25p - is valued at just 11.7 million.

Upside Risks
I am a modest gold bull (still). The Governments of the West continue to print money to keep their voters happy. I have no faith that Cameron will be better than Blair, Clinton - or hopefully someone else - better than Bush or that whichever crooks run the EU nations will change their misguided ways. Global interest rates are coming down. So gold has to be a good bet. But as it happens with gold at $820 I use $600 in my forecasts as I am a cautious chap.

Kryso should be able to use the cash from Pakrut to develop other assets in Tajikistan. I do not factor this into my calculations.

There is real scope to grow the resource at Pakrut and also to generate additional rock from smaller nearby satellite deposits to use in a mill at Pakrut. I attribute a nominal value for this.

Downside Risks
The management could be knaves. This is after all mining. But I judge managing director Vasilios Carellas who is an experienced geologist to be a straight sort of guy as is the FD, New Zealander Craig Brown. On the ground the operations manager Abuali Ismatov is well connected and knows his stuff. So I do not view this as a big risk.

Kryso needs to raise 7.5 million of equity and 17.5 million of debt to get Pakrut into production. I am lead to believe that there is real confidence and strong indications of support but there is a risk this won't happen.

Any mine faces geological/operational risk.

Tajikistan is not east Surrey. I have discounted my valuation by 25% to reflect this. But as the 'stans go it is actually relatively stable.

Valuation
A valuation of $75 oz for the resource plus a nominal $7.5 million for the exploration upside would, if discounted by 25% to account for political risk, give a valuation of 36p per share on a fully diluted basis. Put another way such a valuation would leave Kryso valued at $62 million. Add in the assumed project cost of Pakrut and one would get an Enterprise Value of 112 million or less than three year's free cashflow on my base case assumption. I do not think my assumptions are reckless and at 13.75p Kryso is a "speculative buy" at up to 18p with a 36p target price.


Key Data
Market: AIM
EPIC: (KYS)
Spread: 13p - 14.5p (10.3%)

t1ps.com is the UK's top share tips website, edited by Tom Winnifrith. Members are guaranteed 20 hot new tips per year plus regular updates on those tips and over 6 years the average gain per tip on the site is over 68%. The site also features the Diaries of Evil Knievil exclusively 3 times per week - join now for Tom's newest hot tip at www.t1ps.com.

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The chances of KYS producing anything tangible in the next 5 years are less than winning the National Lottery. Avoid!

Why ? can you back up that statement with facts.

How long has it taken HMB to start production? CEY wont reach production for another year after all the necessary feasibility studies and raising the project finance.

I would stick to producing mines like GFM if i was you then, but you would have to pay more then the 15p i paid for them when they were years away from producing.

As you know KYS is being punted by TW and EK on T1ps and sharecrazy.com the spread is enough to drive a bus through at least if you buy a lottery ticket you wont have to wait years for the result!!

The odds on blackjack and bingo are better then the lottery and the pools.

break out territory

RAB selling their shares in KYS came at just the right time with the gold price rocketing now.

Off topic, I can never understand how RAB works, those people are experts in their field but selling KYS and buying Northern Rock, alright different funds I suppose, but still the same.

anyone know why the sudden jump in SP, surely the increased price of gold not affecting this SP is it.?
Alex

KYS has been undervalued for a while now in terms of NPV. Increased market interest, rising value of gold and commodities being generally favoured in terms of risk seem to be collectively helping this share at the moment.

RAB out and hopefully the overhang cleared--tips and evil have given a fair value of 36p on this one.

Its nice to see more posters on this thread now.

KYS are presenting in London on 13th February 2008.

Details and FREE registration click HERE

Kryso Resources PLC
13 February 2008


13 February 2008

Kryso Resources plc

('Kryso' or 'the Company')

AIM: KYS

Highly Positive Pre-Feasibility Study for the Pakrut Gold Project

Highlights:

Operating cash flow before tax of US$345m
Post-tax NPV and IRR of US$115 million and 67% respectively at 10%discount rate
Start-up capital requirement of US$65 million
Average cash cost, including royalty, of US$291/ounce
Average production of over 100,000 oz per annum over life of mine
Minimum mine life of 6 years processing 1.46 Mt of ore per annum
Mineralization still open in three directions

Kryso Resources plc, the mineral exploration and development company with in
excess of one million ounces of JORC Code-compliant gold resources defined by
GeoLogix at its 100 per cent owned Pakrut gold project in Tajikistan, is
delighted to announce the positive conclusion of the Pakrut pre-feasibility
study ('the Study'). The Study has been conducted internally by Kryso's
technical team and used up-to-date information provided by the Company's
various consultants as well as internal data. The Study envisages the
development of a combined open pit and underground mine, a processing facility,
and the associated infrastructure.

The basis for the Study was the November 2007 GeoLogix resource estimate. The
Company anticipates, however, that further gold resources will be outlined at
Pakrut by exploration in 2008 and beyond as mineralization is open to the east
and west along strike, and to the south down dip. This could significantly
increase the net present value and the rate of return of the project in the
future.

However, the Study indicates that the Pakrut project is economically viable on
the basis of the resources presently defined.

Kryso Resources' Managing Director Vassilios Carellas comments:

'The pre-feasibility study for the Pakrut gold project represents an interim
stage of the bankable feasibility study which is currently underway. We
anticipate its completion within the next few months and will naturally look to
procure mine development financing as soon as possible after this.'

SUMMARY OF THE FINDINGS OF THE PRE-FEASIBILITY STUDY

Background

The estimated direct capital cost for bringing the project into production is
US$65M. Based on the interim GeoLogix resource estimate, the mine would have a
minimum life of six years at 1.46Mt per annum. The forecast average cash cost,
including royalty, is US$291/oz, the total pre-tax cash flow is approximately
US$264m, and the estimated pre-tax NPV and IRR are US$157M and 84.08%
respectively at a 10% discount rate.

Resource Model

Based on the results of additional core drilling throughout 2007, the Company
updated the first JORC-Compliant resource estimate produced for Pakrut by
Snowden Mining Industry Consultants ('Snowden') in March 2007, with a second
resource produced by GeoLogix in November 2007. The Company prepared the
electronic database as well as the mineralization interpretations, which were
then reviewed by Snowden and GeoLogix. The JORC-compliant interim resource
estimate (including Measured, Indicated and Inferred resources) produced by
GeoLogix at a 0.5 g/t Au cut-off was 15.05Mt @ 2.18 g/t Au. Drilling will
continue this year to define more resources that will then be included in
another update to the resource in a year or so.

Mining

After considering several options to develop the Pakrut deposit, the Company has
opted for a combined open pit and underground mine. Initially the bulk of the
feed to the plant will be from the open pit with the underground mine providing
the bulk of the production in the latter years

Metallurgy and Processing

The Company proposes to treat the Pakrut ore on site producing a gravity-float
concentrate that will then be passed through the Gekko Intensive Leach Reactor.
Kryso believes that this process will not only considerably reduce the initial
capital outlay, but also will reduce the footprint of the plant required and
result in only a fraction of the ore being exposed to cyanide. While the Company
has based its projected gold recoveries on historical testwork, studies are
currently underway at SGS Lakefield; these results are expected soon. Based on
previous metallurgical testwork programmes, the Company expects recoveries for
gold in excess of 90%.

Tailings Storage Facility (TSF)

The TSF will be constructed from the waste material from the open pit. According
to the designs submitted by the Company's consultant, the waste stripped from
the open pit will provide a TSF sufficient to accommodate any tailings produced
from the proposed production as well as from any additional resources that may
be incorporated into the mine plan.

Environmental Studies

The Company has contracted Prime Resources (Pty) Ltd, an environmental
consultancy based in South Africa, to carry out this study along with a local
environmental consultancy based in Dushanbe (LLC Ziderer).

The study is currently being carried out in accordance with the requirements and
policies of the World Bank and Equator Principles, and the baseline study and
environmental and social impact assessment report will be presented in the
format recommended by the Company's consultants.

Infrastructure and Utilities

Access to Pakrut from the capital city Dushanbe is by a 57km sealed tarmac road
to the village of Ramit followed by a 50km dirt road along the Sardi-Mienna
River valley.

Electrical power to the mine will require a connection to the national grid to
take advantage of the very cheap cost of power in the country.

Process water can be extracted directly from the Pakrut River, which runs all
year round. This is easily achieved by running a water pipeline upstream for
approximately 1km from the planned site of the plant.

Potable water can be obtained from one of the many local springs that flow all
year round; this water is currently being used for cooking, cleaning and
drinking.

Personnel

The overall policy of the Company has been to employ local employees wherever
possible; this policy will continue. The Company, however, does realise that
certain skills are required to build a mine and these skills may not be
available locally. Consequently it has already started to employ key expatriate
personnel that will assist the company in achieving its goal to begin
production.

Development Strategies

The Company has considered three options to develop the Pakrut gold deposit. The
preferred option is the simultaneous development of the open pit and underground
mine. It is estimated that the project start-up will be in the last quarter of
2008 with the first full production year in 2010.

Capital Costs

The direct capital cost for the existing life of the project has been estimated
at US$81 million. US$37 million has been budgeted for the construction of the
plant and starter tailings' storage facility, US$15 million for infrastructure
and utilities, US$ 6 million for surface mining equipment and spares, and US$20
million for underground mining equipment and contractor development. Project
overheads, which include engineering studies, project management and
administration, have been estimated at US$3M.

Operating Costs

An open pit mining cost of $1 per tonne has been assumed. This is over 35% more
than the budgeted operating cost for 2008 for an open pit mine in the north of
the country. This particular mine uses a mix of Western and Russian manufactured
equipment; this is also the Company's intention.

The underground mining cost is based on industry standard estimating techniques
and consideration of costing information available for the proposed longhole
stoping method. This cost varies widely depending on geography and the specific
nature of the mineral deposit. A range of possible operating costs was
determined ranging from $7.00/t to $14.00/t. In the event a conservative $12.00/
t was chosen for the purposes of this study.

The overall processing cost for Pakrut is approximately US$7.78 per tonne of ore
milled. This has been calculated by reference to published data on similar
operations elsewhere in the world, taking into account local costs in
Tajikistan.

The average total operating cost for Pakrut, including royalties, over the
six-year operating life is US$ 20.38/t

Financial Analysis

The following gold price forecasts for the life of the existing resources have
been assumed based on averages of predictions from seven major institutions:


2008 - US$ 868.54
2009 - US$ 876.83
2010 - US$ 920.60
2011 - US$ 1033.50
2012 - US$ 997.50
2013 - US$ 650.00
2014 - US$ 650.00
2015 - US$ 650.00


Total net cash flow after tax for the project is US$200M.

This incorporates a cash cost per ounce of gold, including royalties, with
ranges between US$168/oz and US$365/oz, with an average of US$291/oz over the
life of the project.

As with most projects of this nature, it is sensitive to the gold price, but
significant upside potential exists at the current market price for gold.

Future Work

The BFS will be completed by the end of the second quarter of 2008, subject to
the completion of the various studies carried out by the Company's consultants.
The following, which includes the consultant's studies, have to be completed:


The metallurgical testwork programme at SGS Lakefield, and the
associated plant designs by Gekko
The geotechnical drilling in order to finalise the pit slope angles
The final open pit and underground designs and schedules
The final tailings dam design
The detailed infrastructure design and capital estimates
Detailed price schedules for all the capital equipment in order to be
within 15% accuracy in the estimates
Evaluate in detail the different financing and production options
available to the Company to ensure that the best financial and practical
options are selected

delete

Search Stock Updated 13/03/2008



KYS

Kryso Resources PLC
Daily Commentary


Our system posted a BUY-IF today. The previous SELL recommendation was made on 04.03.2008 (9) days ago, when the stock price was 15.0000. Since then KYS has fallen -3.33% .



A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the Prima Donna of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.

There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:

The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.

In the second case, the market opens at a level, equal to or below the previous days close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous days close is the second confirmation criterion.

If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.

The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous days close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.

If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.

We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.

25 April 2008

Kryso Resources plc

(`Kryso' or `the Company')

AIM: KYS

Convertible Loan Agreement

Highlights:

- Kryso arranges interim finance through Great Basin Gold Limited of GBP 500,000

- Great Basin Gold Limited has the right to convert the loan into ordinary
shares at 11.5p per share

- Kryso issues Great Basin Gold Limited with warrants to subscribe for
1,086,956 ordinary shares at an exercise price of 15p per share as
consideration for issuing the loan

Kryso Resources plc, the mineral exploration development company operating in
Tajikistan, is pleased to announce that it has borrowed GBP 500,000 from Great
Basin Gold Limited (GBG), a major shareholder in Kryso who currently own 15% of
the issued share capital. Ferdinand Dippenaar, a non-executive director of
Kryso, is also a director of Great Basin Gold Limited. The Convertible Loan
Agreement constitutes a related party transaction, pursuant to Rule 13 of the
AIM Rules for Companies

'The loan is repayable on 31 October 2008. However, GBG Limited have the right
to convert the loan into ordinary shares at a strike price of 11.5p per share
during the period beginning 1 July 2008 and ending on 31 October 2008. The loan
will not bear interest other than in an instance of default, in which case,
default interest at a rate of 12% per annum will apply.

In consideration for the loan, Kryso has granted Great Basin Gold Limited
1,086,956 warrants to subscribe for ordinary shares at an exercise price of 15p
per share for a two year period.

Kryso will utilise the funds for the advancement of the Pakrut gold project,
where a bankable feasibility study is currently underway. Funds will also be
used for the continued resource and exploration drilling at Pakrut and for
commencing the drill programme at the Hukas nickel-copper project, targeting
the geophysical anomaly identified last year.. Some funds will also go towards
general working capital requirements.

The Directors of Kryso, excluding Ferdinand Dippenaar, having consulted with
Ruegg & Co Limited, the Company's Nominated Advisor, consider the terms of the
transaction to be fair and reasonable insofar as its shareholders are
concerned.

Kryso Resources' Managing Director, Vassilios Carellas, comments:

`We are pleased with the continued support we have received from Great Basin
Gold Limited. These funds will assist the Company in achieving the targets set
for this year.

Recent drilling at Pakrut intersected metasomatic mineralization to the South
East of the known mineralized zones, providing further evidence of the
potential for resource expansion at Pakrut.

The Company is looking forward to the commissioning of its Reverse Circulation
Drill Rig at Pakrut and the commencement of the drilling campaign at Hukas'.

April 30, 2008

Krysos Pakrut Project Now Boasts One Million Ounces, But Delays With Metallurgical Testing Continue To Hold It Back


By Alastair Ford



Vassilios Carellas is genuinely contrite that his company, Kryso Resources, is running behind schedule. Kryso is sitting on a JORC resource of one million ounces up at Pakrut in Tajikistan, where its been steadily working for several years. The companys management has long experience on the ground there, and even if the old Soviet era drill rigs are a bit clunky and the working conditions are harsh, its not been as result of its commitment to Tajikistan that things are running behind. Rather, its our old friends at Eskom, the South African power utility, who bear the brunt of the blame.
I said last year wed be finished by July, and Im not going to do it, says Mr Carellas. The reason? Metallurgical work contracted out to SGS Lakefield has been held up because the met labs keep having power cuts. What with all the samples already down in the rainbow nation waiting for testing theres no real chance of getting anybody else to do the work, so Kryso just has to wait it out. More painfully for the company, because met labs - and indeed labs of all sorts - hold the whip hand at the moment as they are backed up with work the world over, theres no kind of compensation coming Krysos way. Work can be delayed, and delayed, and delayed, and in the absence of any penalty clause, theres nothing the company can do about it.

No matter, that as a small mining company moving a resource into development, such delays put a severe strain on working capital, SGS Lakefield has the company over a barrel. To tide things over Kryso has just arranged a 500,000 convertible note with major shareholder Great Basin Gold. But as to getting the bankable feasibility done by July not a chance. And no money will be forthcoming from the banks for debt finance until the bankable study is in place. No wonder Krysos shares have weakened significantly over the past few months. Once the positive sentiment around the surge to US$1,000 gold had evapourated, and the delays became more acute, buyers of Kryso shares became noticeably more thin on the ground. The shares are off around 25 per cent this year.

This is all the more frustrating because old Russian data shows that actually there are unlikely to be any metallurgical issues at all with Pakrut. Historical work shows recoveries of the order of 95 per cent, and with two thirds of SGS Lakefields work complete, theres been no indication that anything new or unexpected has arisen.

Pakrut sits on the southern side of the prolific Tien Shan gold belt in the north of Tajikistan. The million ounces that Krysos drilling delivered last December is largely in the measured category, and although lately much of the drill work has been of a geotechnical nature and not designed to add ounces, the company is reasonably confident that there is more to be had. The companys Canadian investors would very much like Kryso to drill out Pakrut extensively, but Mr Carellas has a keen feel for what his London investors want: production. This was evident at the recent Master Investor Show held in London, where several mining companies had booths, and the ones that were most frequented were the ones that offer either cash flow, or impending cash flow.

Kryso had a stand too, and the picture was no different. So the delays to the bankable study on Pakrut hurt here in London more than they might in Toronto or Vancouver, where the swift delivery of additional ounces might go a long way to soothing troubled waters. But the Canadians arent that strong on central Asia, which is why, at the end of the day, the London listing is essential, and Londons preferences must be considered.

With any luck, the bankable study on Pakrut will be complete by the end of this year, and the company can then go to the banks and start casting around for funding. The plan is for a combined open-pit underground that will cost around US$65 million to get operational. Thats not too big an ask for the banks, and with Great Basins Ferdi Dipenaar behind them, the company ought to be able to deliver the funding without too much trouble. But until the bankable study comes in theres no point asking for the money. And until the met work is done in South Africa, the bankable is on hold.

For the immediate term, that leaves Kryso only able to shout about its Hukas nickel sulphide project. Mr Carellas shows some skepticism as to how London will react to ongoing work there, given the markets skepticism about early stage exploration. But London doesnt really mind early stage exploration, as long as its backed by cash flow. At Hukas, Kryso is aiming to work up one of the worlds few new nickel sulphide deposits. If it can deliver on that objective while it irons out the met work delays on Pakrut, it may find the market very appreciative indeed.

A bad day for KYS now only 9.25 bid.

Minnow miners not doing well at all : KYS, VDM, VML....to mention just some : (.

VML as recoved from its low and as held its price these past 2 weeks

Maybe its investers moving into oil stocks.

AIM: KYS

Positive Drilling Report - Pakrut Gold Project

- Another exceptional intersection attained from Ore Zone 1 - 123.7m @ 6.14 g/t Au

- First hole into a new zone intersects mineralization

Kryso Resources plc, the mineral exploration and development Company with gold
and nickel-copper projects in Tajikistan, is pleased to announce that further
exceptional assay results have been received from diamond core drilling at its
100 per cent owned Pakrut gold project. The assays were carried out by an
internationally accredited laboratory in South Africa.

Highlights of drilling in Ore Zone 1 include an intersection of

123.7m @ 6.14g/t Au (including 86m @ 8.48g/t).

This result, from drilling between 100-200m below the existing adit level,
further supports the interpreted trend of the mineralization, which is still
open at depth and to the east and north. The results from this drill hole
demonstrate that the grade and width of the resource is increasing with depth.
These results announced today will be used to update the existing 1.05Moz
JORC-compliant resource later this year.

In addition, a new zone (Ore Zone 7) to the south-east of Ore Zone 1 has been
identified with the completion of the first drill hole at this location.
Further drilling from surface will test the extent of this new zone over the
coming months.

Kryso has now successfully completed the geotechnical drilling programme
designed to test the proposed open pit and tailings dam. The Company's drill
rigs will now be utilised to test the deeper extensions of the Pakrut
mineralisation and these results will be announced over the coming months.

Kryso Resources' Managing Director, Vassilios Carellas comments:

"This is an outstanding intersection that suggests that the Pakrut ore body now
has a width of approximately 70m at this location. `I am very excited by these
results which demonstrate that the grades and widths of the Pakrut resource are
increasing at depth which bodes well for bulk tonnage mining potential. The
current drilling programme will now test the extent of this mineralization at
depth and to the east. This is an exciting phase for Kryso as we continue to
add significant value to the Pakrut project."

All exploration results have been approved for release by Dr Trevor Davenport
B.Sc, M.Sc, Ph.D, MIMM, C.Eng, Chairman of Kryso Resources plc. Trevor has more
than 35 years experience in the mining industry and has consented to the
inclusion of the material in the form and context in which it appears.

At long last some good news (see RNS and AFX) from my battered portfolio (so much that you could sell it in a fish and chips shop)....makes a change !.

Where is the volume to justify a 7.5% increase in the sp?

THis article explains the increase in SP, click HERE

This will be a future mine.....so many other projects never come to fruition !.

new resource count!

For the news, click HERE

Any views on whether todays rise may be linked to Pakrut financing as indicated in the previous update? Or with parity buy/sells simply a tree shake to stimulate some interest? The next few days could be very interesting...

KYS is another EK/TW punt be careful unless you are knowledgeable about Tajikistan.

Bought back into these again this morning, the trend is upward. As long as they can get the funding they should reach Simon Cawkwell's value of 30 to 40 pence.

http://www.minesite.com/nc/minews/singlenews/article/krysos-feasibility-study-on-the-two-million-ounce-pakrut-property-is-nearly-finished-next-stop-fin/1.html

Perking up at long last....3 million ounces at least in the ground...perhaps even as much as 4.....and a market cap of only 15 million pounds.....

rf careful this is another EK favourite.

I've sat through the bad years with this one....and coming good at long last...

gold reserves of close to 180p or about 1300% of current price. Might have a nibble tomorrow as these are on a chart breakout if they can put on another 2.5p

Bit of a price breakout yesterday, 14p offer price this morning.

noticed that roly ,,,still in ...lupus flew on results. Spent 3 months on 67/69 bid offer irrespective of trades . Now 80p . Have e-mailed you twice ....are u receiving on yahoo ...or dont u recognise my real name ?

Yes Jamie, if its still J.D.B.

Am on AOL.com , my wife as taken over my Yahoo messenger account , have to sort it out.

got loads of photos to show you.

ooooooooo ...cant wait .........you know me and the ladies .......obviously not the darker variety after car episode :-)

(`Kryso' or `the Company')

Issue of Equity

The Company confirms today that is has received notice as follows:

Natasa Mining Limited has acquired the warrants over 10,723,389 ordinary shares
in the Company, previously held by Great Basin Gold Limited. Natasa Mining
Limited has now served notice on the Company to exercise those warrants.

Accordingly, Kryso has today issued 10,723,389 Ordinary shares (the "Admission
Shares") to Natasa Mining Limited, at a price of 8p each. Natasa Mining Limited
now holds 34,848,113 Ordinary Shares in the Company representing 21.67% of the
total issued share capital of the Company.

Application has been made to admit the Admission Shares to trading on AIM. It
is anticipated that dealings in the Admission Shares will commence on 25 June
2010.

Following the issue of the Admission Shares, the totally number of Ordinary
Shares in issue is 171,509,086 Ordinary Shares.

For further information please visit the Company's website (www.kryso.com)

Kryso Resources plc

("Kryso" or the "Company")

Exclusivity Period

Kryso Resources plc advises that it has entered into an exclusivity agreement
(the "Agreement") with a major mainland Chinese mining company (the "Potential
Investor") to allow exclusive discussions to take place with regard to a
potential investment in the Company.

The Agreement provides for an exclusivity period until 11:59p.m. BST on Friday,
25 June 2010, during which time Kryso cannot carry on or solicit discussions
with any other party in relation to any investment in the Company's shares or
the disposal of any of the Company's assets.

There can be no guarantee that the Potential Investor will make any investment
in the Company, and a further announcement will be made in due course.

For further information please contact:

Dr. Trevor Davenport/Craig Brown, Kryso Resources plc
Tel: +44 (0) 20 7371 0600

Katy Mitchell, WH Ireland Ltd
Tel: +44 (0) 161 832 2174

From UK-Analyst.com: Tuesday 22nd June 2010



Shares in mineral exploration company, Kryso Resources* (KYS) jumped 1.25p to 15.25p following its entry into an exclusivity agreement with an unnamed Chinese mining company. This agreement allows exclusive discussions to take place with regard to a potential investment in the company. Kryso added that there can be no guarantee that the potential investor will make an investment in the company.

Nice start this morning , 15 bid 15.50 offer ....... now 15.25. Lot's of interest in these now.

http://moneyam.uk-wire.com/cgi-bin/articles/20100628070000P1BF3.html

More good news ......... moving up again

And not so good ?

http://moneyam.uk-wire.com/cgi-bin/articles/20100629070505P1602.html

July 07, 2010

Kryso Resources Must Know That Its Days As An Independent Company Are Drawing To A Close
By Charles Wyatt



There is something going on at Kryso Resources, no doubt about that, but it is not so easy to pin down exactly what it is. Early in June the share price rocketed from 5p to 16p and it has since steadied at around the 14p mark. During that time the company has admitted that its bankable feasibility study on the Pakrut project in Tajikistan is running a few weeks late, but no one seems to have taken much notice. The annual results at the beginning of June would not have raised shareholders blood pressure, as they merely contained a resume of progress at Pakrut in terms of exploration, resource estimates and the study. At the time, the point was made that Pakrut is now viewed as a combined open pit/ underground mining operation, as the economics look better, but that was not exactly hot news. The company also reported that activities at its Hukas nickel-copper-cobalt-PGM project were on hold while strategic alternatives were considered, but that was not news either.
What should never be overlooked in such circumstances is the impact of changes at the top. Gennady Tolmachev has resigned as a director, as Vertex Mining, which he represented, no longer had a notifiable holding in Kryso. Steve Poulton of Altus Resource Capital took his place. Altus is now one of Krysos biggest shareholders, and Steve has a good nose for searching out an undervalued situation. Back in 2002 Steve co-founded Ariana Resources, a gold explorer in Turkey and was chief executive from 2004 to 2007. In 2004 he founded African Aura Resources which listed in Canada in 2008 and subsequently merged with Mano River to create African Aura Mining. Also rolling out of the same stable, Stellar Diamonds was a successful spin-off, and Steve is also a director of Stellar. A busy man, but one who knows that he will be judged by the performance of Altus Resource Capital, the closed ended fund incorporated in Guernsey for which he raised 26 million in the difficult days in the middle of 2009.

Last September Altus invested 500,000 in Kryso through a placement at 5p per share. This got it 10 million shares and 20 million warrants exercisable at 8p, warrants which are well in the money. Good timing, but it still doesnt answer the question as to what has sent the shares into orbit. Tajikistan, lets face it, is not exactly top of anyones wish list as a country in which to operate. It is a landlocked country dominated by mountains and bordered by Afghanistan, Uzbekistan, Kyrgyzstan, and China. On the positive side it contains a biggish slice of the Tien Shan gold belt which hosts a number of big gold deposits, in Tajikistan and in neighbouring countries. Krysos Pakrut project is about 112 kilometres north of the Tajik capital city of Dushanbe. The government is said to be friendly towards mining.

The scene is now set and it is time to look at the events that took place in June when the shares took off. First of all Great Basin Gold sold its big block of shares and Great Basin chief Ferdi Dippenaar came off the board. Great Basins shares were snapped up by an ASX and Aim listed company called Natasa Mining, and two of its directors, Chris Kyriakou, of Toledo Mining renown, and Jonathan Reynolds wanted to become directors. Unfortunately they seem to have applied after the time limit for the proposal of AGM resolutions had expired, so nothing has come of it, yet.

However, Steve Poulton failed to get the votes necessary to be re-elected to the board at this same AGM, and this was no accident. Someone with a hefty block of shares Natasa has 15.1 per cent did not want him there. Steves lips remained firmly sealed when he was contacted by Minews, but he did say that he still had confidence in the company. Some warrants were exercised a couple of days ago, so perhaps Altus is jacking up its own voting power.

Just before all these shenanigans took place, what was described as a major mainland Chinese mining company was given an exclusivity period to do some due diligence prior to making an investment in Kryso. Time ran out and nothing came of it, but the shares did not react to the news at all, which in itself is rather unusual. Clearly no one thought that the departure of the Chinese amounted to a criticism of Pakrut, which looks to be an excellent project. In recent weeks a hefty uplift has been announced to the JORC resource estimate there. This now stands at just over three million ounces. That total is derived from 46.38 million tonnes grading 2.03 grammes per tonne gold, with silver credits thrown in, just over half of which has been booked in the measured and indicated categories. This data will be included in the bankable feasibility study, and a further increase is expected once the results from drilling this year are collated. Whats more, there are three additional mineralized systems within five kilometres of the main Pakrut gold deposit. These are the Eastern Pakrut gold deposit, the Sulfidnoye gold and silver prospect, and the Rufigar prospect.

An internal pre-feasibility study carried out around a considerably smaller resource base came up with some pretty favourable results. The start-up capital requirement for a combined open pit and underground operation was calculated at US$65 million. The proposed operation assumed throughput of 1.46 million tonnes per year producing 100,000 ounces as an annual average, over a minimum of six years. The average cost of production was predicted at US$291 per ounce, and overall the project offered an internal rate of return on a 10 per cent discount of 67 per cent, and showed a net present value of US$115 million. Tasty figures, especially when it is clear that they will be left well behind in the current bankable study thats being carried out by Beijing General Research Institute of Mining and Metallurgy.

As the company still has no managing director it is a slightly vulnerable position if Natasa makes a move. It proved impossible to get hold of Craig Brown who is now acting managing director and finance director, and Trevor Davenport, the chairman, as both were flying to Tajikistan. They are probably not in a position to make any comment, and will know that Chris Kyriakou is a tough egg and would not take such a stake unless he had plans for Kryso. Natasa Mining is recognised as his vehicle and it has already acquired an 85 per cent interest in Vostock Mining which has the rights to two gold exploration properties in central-eastern Kazakhstan. Not that far from Pakrut, one might surmise, so another reason why Chris Kyriakou might want control of Kryso falls into place. The betting now has to be that there will not be a long wait before he makes his next move. Maybe he can pick up the Altus block. After all, shares are for buying and selling, not for falling in love with.

16/7/2010 Natasa Mining.

Kryso Resources plc

As announced to the AIM market in June 2010, the Company has acquired a 20% equity interest in Kryso Resources plc, an AIM listed company with ownership of the Pakrut gold deposit in Tajikistan.



Discussions have been held, and are continuing, with the Board of Kryso re Natasa's investment in that company

EK...

"Finally, Kryso (KYS) has today announced its transformation with the formal emergence of ChinaNonFerrous as the largest shareholder by some margin and with the financing of Pakrut arranged to all intents and purposes. This is the company maker and values Kryso now at well north of 20p. Investors have forgotten that Kryso also includes Rufigar and Sulfidnoye - perhaps another 7m ounces.

The sequence will be that in a few weeks' time ChinaNonFerrous will take up the new shares arising from the warrants and be compelled to bid 21p per share at least for the entire company. They will do this at the same time as they raise the finance for Pakrut. Keep buying."

July 29, 2010

Kryso Secures Heavyweight Chinese Backing For The Development Of The Three Million Ounce Pakrut Gold Deposit In Tajikistan
By Alastair Ford



In some ways its the junior miners 21st century dream: a big Chinese sugar daddy comes on board, solving all financing and development worries at a stroke. Lifes not always so simple, as European Nickel, and one or two others that ended up mired in Chinese bureaucracy can attest, but in the case of Kryso Resources, the recent intervention of the China Nonferrous International Metals looks like a godsend. With Western banks still in ultra-cautious recovery mode following the global financial crisis, the likelihood of Kryso getting Pakrut, its lead project Tajikistan, funded by what used to be the convention debt:equity method had always looked open to question. No question about the quality of Pakrut. The three million ounces are well and truly locked away, and recent drill interceptions of 25.5 metres at 7.5 grammes per tonne, 42.4 metres at 5.4 grammes per tonne, and 12 metres at 6.4 grammes per tonne from whats known as Ore Zone 1 give a clear indication of the type of orebody that were dealing with. Its good.
So its little wonder that certain interested parties have tried to muscle in. But all that, says Krysos Craig Brown, is behind the company now; and especially now that the China Nonferrous is on board. Under the terms of the deal, Kryso will retain four board members, while the Chinese will get the right to nominate another two, a non-executive chairman, and another non-executive. More importantly from an investment point of view, China Nonferrous will come in for an immediate 10.99 million in return for a 29.9 per cent stake, and has undertaken to find the funds to get Pakrut developed.

Quite how those funds will actually be raised isnt yet clear, but it may be a moot point. China Nonferrous has several options, explains Craig. It could find the required money internally, or it could source bank finance. The point is, that the undertaking to raise the money has been given, and certain clauses in the recent deal make it advantageous to China Nonferrous to complete on that undertaking. If it doesnt come up with the money, says Craig, China Nonferrous will lose its pre-emption rights, and be diluted back down to 23 per cent. Simple as that.

No one doubts that China Nonferrous has pockets deep enough to get Pakrut into production. Krysos press release announcing the deal describes its new Chinese partner as a major Chinese mining company. China Nonferrous International is the global investment arm of China Nonferrous, a Hong Kong listed company with a well-established presence in China, including substantial interests in zinc and lead, as well as some limited exposure to gold in Chinas Gansu province. The move into Tajikistan will add an extra dimension to China Nonferrous Internationals offering, though, as one of the many Chinese companies gradually spreading their wings out across the Tien Shan gold belt, the prolific geological structure on which Pakrut lies. How far China Nonferrous participates remains to be seen.

First, Kyrso has to deliver on the bankable feasibility study thats due on Pakrut. The results of the study, says the companys news release, will out shortly. At the moment, says Craig Brown, the company already has a draft version to hand. Consultants at Snowden are just looking it over, and then it should be released, probably well within the next four weeks or so. At that point the clock will start ticking on the funding commitment given by China Nonferrous.

Under the terms of the agreement the Chinese will have three months to put in place not less than 70 per cent of the money required to get Pakrut built, and Craig reckons that realistically, all being well, the mine could be in production by 2012. The betting has to be that they will do it, bureaucratic obstacles inside China notwithstanding, because with the gold price still strong, and China holding a trillion dollars worth of US currency, any opportunity to convert those dollars into gold that presents itself will surely be seized upon.

For now, Craig remains in charge as acting managing director. The company would like to appoint someone permanently to the role, and continues its hunt for a suitable candidate. For now, at any rate, it looks as though the job will involve developing a new gold mine in conjunction with a powerful Chinese partner. Opportunities like that dont come along every day.

Now 16.25 bid 16.75 offer

just topped up at best order ..... must go and check how much i have paid

Kryso Resources
4.98% now held by Tom Winnifrith's gold fund now making it nearly the top holding in the fund with Medusa at about 5%

What i ment was 4.98% of the Gold fund

Sun 16:42 Re: BFS timing Wendy Durham 8





View Author's profile | Add to favourites | Ignore | Author's posts

The salient points of the BFS will be published.

The company will shoot itself in the foot if it does not publish it, because the market is expecting it.

I am by no means certain of a bid.

Natasa certainly want Kryso. That much is obvious. The aggression with which they announced their initial holding (acquired from Great Basin) and the exercise of the warrants attached to the Great Basin holding speaks volumes. Note that these announcements did not come from Kryso - they were published by Natasa.

Natasa also announced that they had requested two seats on the board. They then announced that they had put forward resolutions for the AGM (illegal!) to get two of their people - including Kyriakou - on the board. These seats have thus far not been granted by Kryso. Natasa have climbed down a bit and said they now don't want board seats anyway, as they want to be free to act in their own best interest.

At the AGM certain key resolutions - mostly regarding fundraising - were voted down. Who by? Who is the only shareholder with enough clout to have done that? Who also voted out the appointment of Steve Poulton, Kryso's lender of last resort, as a director?

The entire Natasa approach has thus far been hostile in the extreme.

The thought that they would offer a price much above the current share price seems unlikely.

In the meantime we have the strategic investment proposal from China Non Ferrous, which it seems Kryso had been working on for some time. This looks a lot more friendly, and is in keeping with China Non Ferrous's normal procedure of taking strategic stakes and providing financing rather than going all out for takeover.

At some point, Kryso will have to release the documentation calling the EGM to approve the China Non Ferrous stake.

Interesting times. Nastasa has the shares to vote it out will they ?

Posted on the iii bb by Wendy Durham.

My buy yesterday went through as 2 x 50k sells. So I would I expect that most of yesterdays sells were in fact buys. Others I know who purchased today's are having their trades shown as sells. So don't take any notice of the trades. It's all wrong and does not give a true picture of what is happening.

Yes, that poster on iii is right ...... Aldwickk.

http://moneyam.uk-wire.com/cgi-bin/articles/20100805070000P01AE.html

http://www.moneyam.com/action/news/showArticle?id=3922809

http://moneyam.uk-wire.com/cgi-bin/articles/20100902073630PEBC1.html

Rising bit by bit....EK says a possible takeover target at 21p or so.....

Am looking to ADD; but considering my chart illustrates a technical buy originally at 10.25 in June which is underlined at 14p in Aug presumely when citizen Roly bought , i am more than a little reluctant whether to buy @ the current offer of a tad shy of 17p . lncidentally Simon C. who happens to be a neighnor of mine in London, cajoled his father in law - a crown court recorder- to buy and hold a shedload bought at approx 13/14p cant be seen as anything but a positive sign / ....may wait for a bit of profit taking and try and get in at around 15p ....but with gold breaking resistance of 1275 recently i could be waiting a long time. ......

TFC

Care to share your thoughts as to why this was a technical buy in June and why underlined at 14p in August? As a keen chartist I'm always interested to understand that which drives other's analysis.

after talking to a friend who holds a principal position in KYS with clients holding 500k+ in warrants issued at a meagre 8p not so lomg ago , i have totally revised my position on this stock - and hence dumped 75,000 in 3 tranches ....in anticipation of a massive sell of many of those warrants as i say purchased at 8p ......bonne chance / @+ J ....

Kryso Resources
Extension of CNMIM Transaction Long Stop Date
Extension of CNMIM Transaction Long Stop Date
Kryso Resources
Kryso Resources plc - Announcement 200k Advance (2).docx
28 September 2010
Kryso Resources plc
(Kryso or the Company)
Extension of CNMIM Transaction Long Stop Date
Cash Advance of 200,000 Paid to Kryso
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, announces that pursuant to the conditional subscription agreement (the Subscription Agreement) entered into on 27 July 2010 with China Nonferrous Metals Intl Mining Co. Ltd. (CNMIM) for the placing (the Placing) of 73,269,539 new ordinary shares of the Company (the Placing Shares) to CNMIM at a price of 15p per share to raise approximately GBP10.99 million before expenses, CNMIM has elected to extend the Long Stop Date, which is the date on which the Subscription Agreement shall terminate unless all conditions for completion of the Placing have been satisfied or waived.
The Long Stop Date was originally 27 September 2010 or, if earlier, the date falling ten business days after satisfaction or waiver of the conditions for completion of the Placing (being approval of the Placing by Kryso shareholders and by the relevant PRC authorities).
The Long Stop Date has now been extended to 27 October 2010 or, if earlier, the date falling ten business days after satisfaction or waiver of the conditions for completion of the Placing (the Extended Date), or, if the Placing has been approved by the relevant PRC authorities by the Extended Date but has yet to be approved by Kryso shareholders, the date falling twenty days after the Extended Date.
In order to extend the Long Stop Date, CNMIM has procured a payment of 200,000 (the Cash Advance) to Kryso. The Cash Advance is treated as an advance payment of the purchase price and shall be deducted from the purchase price payable at completion. In the event that the Subscription Agreement is terminated without completion of the Placing or if completion does not otherwise occur, the Company is obliged to issue to CNMIM 1,333,333 ordinary shares of the Company in respect of the Cash Advance, or, in the event that such shares are not duly issued, to repay such cash advance to CNMIM in cash.
Summary Terms of the Subscription Agreement
* Conditional on completion of the Placing: CNMIM is to receive one warrant per Placing Share, each warrant entitling CNMIM to subscribe for one further new ordinary share of the Company at 21p per share; and shall have the right to appoint and maintain up to two directors to the board of Kryso, one of whom will take the role of Non-Executive Chairman
* CNMIM is to use its best endeavours, subject to completion of the Placing, to procure an offer of debt financing for not less than 70% of the funding required to bring the Pakrut gold project into production
* Proceeds of the Placing are to be deployed to fund the development of the Pakrut gold project along with further exploration within the Pakrut licensed area and at the Hukas nickel-copper project
Further Information
* The Subscription Agreement and Placing remain subject to a number of conditions including, inter alia: the passing by Kryso shareholders of resolutions to authorise the board of the Company to allot the Placing Shares and to waive statutory pre-emption rights in respect of such shares at a general meeting to be convened and held in due course by the Company; and approval by the relevant PRC authorities. It is the intention of the Company that notice of the general meeting will be despatched to shareholders after approvals are received from the relevant PRC authorities
* The number of Placing Shares is subject to adjustment if required to ensure that the number of Placing Shares subscribed for shall represent, on completion of the Placing, 29.9% of the total issued shares of the Company

OK the Pakrut mine is a cracker .......but KYS cant meet capex -they need 10X raised by placing -perhaps 100m ,,,,,,,,,chinese et al wont pay a big premium i am told .. 24p tops which is good considering KYS was 8p not lomg ago ......and lnst holders keeping cards close to chest ......Big holders of a shedload of warrants bought at 8p preparing to sell . Many insts and retail brokers got FREE warrants if agreeing to take principalpositions in placing @ 8p .......A friend who used to work at Wills and co- before they wound themselves up to avoid being Fu***d by the FSA lol has clients who hold 500,000+ ..looking to sell -.....................Look i ll be in touch

ok "J"

I think that the sp will rise regardless of any takeover or anything else....the spot price of gold is now past $1300 and rising and this has 3 million ounces in the ground and possibly a lot more.

tfc

Wont they wait untill the share price was 20+ before selling ?

Kryso Resources
BFS publication date comfirmed

BFS Update
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, advises that it has been informed by the Beijing General Research Institute of Mining & Metallurgy (BGRIMM) that the final bankable feasibility study on the Companys 100% owned Pakrut gold project in Tajikistan will be available on 12 October 2010.
An announcement detailing the results of the BFS will be made by Kryso as soon as possible thereafter.

Doing fine at the moment......most things were down today...but not this....

Most things were down ? all the junior gold miners were up .

Not all aldwick.....gold had a bit of a rise...followed by a sharp drop and the last time I looked...it was up again.....but KYS is looking very promising with the Chinese on board !.

not all but most

32 million cap with 500 million pounds worth of gold in the ground and perhaps a lot more and now proceeding with fund raising to build the mine...

Pakrut Bankable Feasibility Study Results
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce the results of the bankable feasibility study (BFS) completed for the Companys 100% owned Pakrut gold project by the Beijing General Research Institute of Mining & Metallurgy (BGRIMM).
The estimates prepared by BGRIMM for the BFS are not compliant with a standard recognised by the London Stock Exchange. Kryso has appointed Snowden Mining Industry Consultants Pty Ltd (Snowden) to calculate JORC Code compliant Ore Reserve estimates for the Pakrut gold deposit, which will be published as soon as possible. To the extent that Snowdens JORC Code calculation differs from the estimates currently used by BGRIMM, further adjustment to the assumptions made in the BFS (summarised below) may be necessary which could effect the economic prospects of the project.
Highlights :
Mine life 14 years with average gold production of 82,000 ounces per annum over the first 4 years
Life-of-mine operating costs US$377/oz
At a US$897/oz gold price the project would have:
NPV (10%) of US$121 million
IRR of 40%
Payback period of 3.0 years
At a US$1,250/oz gold price the project would have:
NPV (10%) of US$227 million
IRR of 58%
Payback period of 2.7 years
Figures are before tax and allowance for anticipated debt financing
Total capital required for development approx. US$108 million
Optimisation of project prior to construction expected to result in improved economics.
Mining
The BFS is based on the development of Pakrut as an underground mine using sub level open stoping with cemented hydraulic fill as the primary mining method. It is proposed the ore body will be accessed by a decline starting at 2265 metres above sea level and running down to the 1810 metre level. Additionally it is proposed a raise will run up from the 2300 metre level to enable mining up to surface at approximately 2400 metres above sea level. The report envisages a modern fleet of diesel powered mining equipment will be deployed; that mining will be at the rate of 2,000 tonnes per day and approximately 9.8 million tonnes will be mined over the life of the project.
Processing
It is envisaged that three recovery processes will be used in the plant; gravity recovery, flotation, and cyanide leaching of both gravity and flotation concentrates and that a dore bar containing both gold and silver will be produced on site at Pakrut and transported to a smelter for refining. The anticipated overall metallurgical recovery of gold from ore fed to the plant is 85.6%. The plant would have a capacity of 2,000 tonnes per day with crushing, grinding, gravity, flotation, leaching and smelting circuits.
Production Schedule
As set out above, in preparing the BFS BGRIMM have used estimates that are not compliant with a standard recognised by the London Stock Exchange. Kryso has appointed Snowden to calculate Ore Reserve estimates for the Pakrut gold deposit that are compliant with the JORC Code as soon as possible.
Earlier resource estimates, announced to the market on 28 June 2010, are JORC Code compliant. These formed the basis of the estimates prepared by BGRIMM and will form the basis of the further work to be undertaken by Snowden and Kryso in preparing the Ore Reserve estimates.
To the extent that Snowdens JORC Code calculation differs from the estimates currently used by BGRIMM, further adjustments to the assumptions made in the BFS may be necessary which could effect the economic prospects of the project as summarised in this announcement.
The BFS currently anticipates a 14-year mine life commencing in the second half of 2012, with total production over the life of the mine estimated to be 857,000 ounces of gold and 123,000 ounces of silver. Average annual gold production over the first four years of mine life is projected to be 82,000 ounces per annum.
Pakrut Project Financial Projections
The following figures are subject to adjustment on receipt of the Ore Reserve estimates from Snowdons, calculated before tax and do not take account of the anticipated debt financing of the Pakrut project.
Based on BGRIMMs assumptions and a life-of-mine average gold price of US$897/oz:
The potential revenue generated by the project before tax would be US$235million
The net present value (NPV) of the project at a 10% discount rate would be US$121 million
The projects internal rate of return (IRR) would be 40%
The projects capital payback period would be 3.0 years
The gold price of US$897/oz has been derived by using a consensus of forecasts for the next four years sourced from Bloomberg, and US$850/oz for the years thereafter.
Based on BGRIMMs assumptions and a life-of-mine average gold price of US$1,250/oz:
The potential revenue to be generated over the life of the project, before tax, would be US$505million
The net present value (NPV) of the project at a 10% discount rate would be US$227 million
The projects internal rate of return (IRR) would be 58%
The projects capital payback period would be 2.7 years
The life-of-mine average operating costs of the project are estimated at US$377/oz. A royalty of 6% of gross revenue payable to the Tajik government has been included in the operating costs of the project. The current corporate tax rate in Tajikistan is 25%.
The report estimates the total capital investment required to bring the Pakrut project into production to be US$108 million including a 6% EPCM (engineering, procurement and construction management) provision and a 15% contingency provision. The total capital investment figure includes the costs of plant construction; underground mine development; mining and ancillary equipment; infrastructure including electricity supply, river diversion, water diversion dam and tailings dam; offices, workshops and accommodation buildings on site; working capital; and owners costs until the start of production.
Further optimisation of the project prior to construction is expected to result in improved project economics.
Current Drilling
Drilling is continuing at Pakrut, including infill drilling intended to enable the Inferred resources of the Pakrut deposit, set out in the announcement of 28 June 2010, to be converted to the higher Measured and Indicated categories. Drilling has commenced at Eastern Pakrut with the objective of defining new resources at this location. Drilling results will be reported as soon as they are available.
Trevor Davenport, Non-Executive Chairman of Kryso, comments:
The results of the BFS show Pakrut to be very exciting, with further refinements to the project to be made where appropriate before the commencement of construction.
Our number one objective now is to secure a complete financing package for mine construction at Pakrut and to bring the project into commercial production at the earliest opportunity.
Dr. Trevor Davenport (B.Sc, M.Sc, Ph.D, MIMM, C.Eng), Non-Executive Chairman of Kryso Resources plc has, reviewed the information contained in the announcement, and consents to its inclusion in the form and context in which it appears.

http://moneyam.uk-wire.com/cgi-bin/articles/20101020124600Z5625.html

don't you just love these yoyo shares!
surely yet another rodney share

The world is your lobster Cynic , this time next year I will be a millionaire.

Notification of Change in Shareholdings


The Company confirms today that is has received notice as follows:


On 26 October 2010, Natasa Mining Limited disposed of its holding of 33,823,113 ordinary shares in the Company at a price of 15p each. Natasa Mining Limited no longer holds any interest in the ordinary shares in the Company and accordingly ceases to hold a discloseable interest in the Company.


In addition, on the same date, Golden Max Group Limited acquired 33,823,113 ordinary shares in the Company at a price of 15p per ordinary share. Golden Max Group Limited now holds 33,823,113 Ordinary Shares representing 19.14% of the total issued share capital of the Company.

with the seller out of the way perhaps we will see the SP recover to a level which relates to KYS's assets?
cyril

It's put a floor of 15p on the price, its now a good time to buy or top up like i did yesterday

A shareholder as got this reply this morning from KYS

Golden Max Group are three business men in Hong Kong and have invested personal money in KYS and wish to see the mine developed. As a long term holder myself, I am very relaxed with this transfer of shares from Natasa to GMG. There is no suggestion that there is a concert party with CNMIM.

Nice recovery this am.
cyril

Yes.....even more so as I failed to take any profits around 19p...

RF me to ref to 19p,my only blue today,hopr it's not market correction time?
cyril

We might not have any of the big drops we have had in the last few years...I can remember at least 3 times when the market just went down the spout....things are chuggin' along gently....perhaps a little correction rather than a huge one will come and not until next year...now I've said this we better be on our guards...

Also...might be time to check out the uranium stocks...those could be some of the stars for next year.....

http://moneyam.uk-wire.com/cgi-bin/articles/20101028152900Z6730.html

Simon Cawkwell [EK ] 18th october

I bought 200,000 Kryso* (kys) at 17p as the price declined as a result of PI disappointment with the Bankable Feasibility Study figures. I think it is important to stress that bfs figures have to be very conservatively stated. Besides, it seems long odds on that China Nonferrous Metals has discussed figures with bgrimm, which undertook the study, as part of its due diligence. So the argument to expect a bid from the Chinese at 21p+ is unchanged. Meanwhile, the gold price has advanced to make the bfs assumptions even more conservative.

now there's a good unbiased view for you .... not ramping of course!

considering ,one time director, simon c. has been very closely connected to KYS since its inception i would imagine he has a few million of these little rascals tucked away and now realising the inevitable in that KYS cannot meet capex of $ 90 million to bring resource to surface is thus looking to reduce exposure ,,,,,His buy is/was an ambush for want of a better word -and indeed the s/p advanced 2p or so on the back of his statement - But very shortlived,, ,,,,As stated previously -a truly good resource/jorc complianced so the gold is there BUT wuth capex of 90 mill which KYS cannot raise leaves them over a barrel and hence wide open to t/o from any number of cash rich chinese suitors, inc China nonferrous , at MININUM cost - offers at 20p/21p p/s currently touted . ..........so no big returns with 200k at 17p for Simon ........all those free warrants the mix would worry me / started to surface in past 10 trading days .... but ya pays ya money ,,,,,,and ect ect ,,,ln saying thay good luck Roly.

http://www.youtube.com/watch?v=rTBC1R5W200&feature=player_embedded#!

http://moneyam.uk-wire.com/Article.aspx?id=20101101155100Z7013

Nice action today up 7.5% to 17.75p.
vyril

http://moneyam.uk-wire.com/Article.aspx?id=20101103162700Z7386

From E K

Some will have scratched their heads at the disappearance of Chris Kyriakou's Natasa from the Kryso* (KYS) register a couple of days ago in favour of Golden Max Ltd. Scratch no more. Golden Max is a syndicate put together by a school friend of David Tang who is the boss of CNF and putative bidder for Kryso. These fellows have put up cash and can only have done so in the belief that they would no face oppression of minorities. What more evidence is required that Kryso is a buy at under 21p?

On the move again 18p bid

http://www.minesite.co.uk/nc/minews/singlenews/article/kryso-resources-reels-in-the-chinese-and-their-money/1.html

Fox Davis 8/3/2011

Kryso Resources (BUY, 0.22) (KYS, 16.13p, ▼ (1.53%)) announced that The Export-Import Bank of China has issued a letter of interest for the proposed financing of the Company's 100% owned Pakrut gold project. In the LOI, China Eximbank confirms that it is interested in providing up to 70% of the financing required by the Company for the Pakrut Project as calculated in the Bankable Feasibility Study prepared by the Beijing General Research Institute of Mining & Metallurgy (approximately US $77M). In addition to the LOI, CNMIM has arranged for its parent company, China Nonferrous Metals Group Co. Ltd. to provide a letter of support to act as guarantor in respect of the proposed financing from China Eximbank. The LOI is dependent on a number of conditions including due diligence and further approvals and is valid for six months. There can be no guarantee at this stage that any monies will be advanced to the Company or its project under this LOI.

All systems go for Pakrut gold mine development

http://www.proactiveinvestors.co.uk/companies/news/26623/kryso-resources-all-systems-go-for-pakrut-gold-mine-development-26623.html

Might hit 30p today , which was the minimum value put on these about 3 years ago by Simon Cawkwell. So we should expect a price well above this.

Missed out on this......forgot to monitor the sp.

http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.kryso.com&esheet=50327682&lan=en-US&anchor=www.kryso.com&index=1&md5=6e82d32d7e49c709694b75fd7e733e1b

A run up to 35p this week so far

And still going up , now just below 40p