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.

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.