Base Resources expects prices of mineral sand metals to stay strong
Rutile production hit a record in the final three months of the year, while prices of the metal and zircon rose again.
Company
LON:BSE
Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance. The company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar.
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Rutile production hit a record in the final three months of the year, while prices of the metal and zircon rose again.
The UK blue-chip index closed around 50 points lower at 7,658, while FTSE 250 was also down - over 99 points at 20,753
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The AIM-listed miner said it had appointed Mineral Technologies and Lycopodium, who had aligned to support the delivery of the PFS
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Around 3.20pm, the UK blue-chip index was up 17 points to 7,728
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FTSE 250 fared better though closing ahead by around 15 points at 20,800.
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President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Wednesday's quarterly activities report wasn't short of highlights for investors
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
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Sales revenue from Kwale was up 28% in the period to A$115.9mln compared to A$90.6mln in 2016
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A glance at some of the day's highlights from the Proactive Investors newswire