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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Rare earths & specialist minerals
“Building on the PFS outcomes, our project development team carried out a rigorous process to further define all aspects of the Toliara Project,” said Colin Bwye, operations and development director.
Rare earths & specialist minerals
A new upgrade to both resources and reserves are expected once 2019 drill results are analysed.
Rare earths & specialist minerals
Ranobe is estimated to be host to 586mln tonnes (Mt) of ore grading 6.5% heavy mineral, or 38Mt in situ. Included in the count were ilmenite, rutile, leucoxene and zircon
Rare earths & specialist minerals
Minerals sands miner switched to a new section of the deposit with zero injuries
Rare earths & specialist minerals
The company said work on its definitive feasibility study for the mineral sands deposit is unaffected
The company noted that its Kwale mineral sands operations in Kenya advanced at the South Dune orebody following a transition from Central Dune
The company has cleared its debts and now boasts nearly US$20mln in net cash
Resources are now 285Mt compared to 134Mt a year ago
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Base is now mining the South Dune at mineral sands mine Kwale, having stopped operations from the Central Dune
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Base continued to produce from a stockpile while the transition was underway
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North Dune would only require minimal capital expenditure due to the close proximity of the existing Kwale processing facilities
