The AIM-listed group said the Vanga licence is valid for three years and covers an area of 136 square kilometres, extending south-west from the company’s existing Kwale operation towards the Tanzanian border.
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It added that the licence was applied for following an airborne geophysical and radiometric survey that identified a series of promising exploration targets.
Tim Carstens, managing director of Base Resources commented: “In the context of the current pursuit of mine life extension at Kwale Operations, the granting of the Vanga PL is a positive and important step.”
He added: “Preparatory activities, ahead of a planned drilling program in 2019, are underway.”
In early morning trading, Base Resources shares were 1.7% higher at 14.75p.