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Base Resources

Base Resources sets production target for 2020

The 2020 estimate is consistent with the cash flows from Kwale predicted in the pre-feasibility study for its Toliara project in Madagascar

mineral sands
Base is switching production to a new ore body at Kwale

Mineral sands miner Base Resources Limited (LON:BSE) has published its production estimate for 2020.

A switch to the South Dune at its Kwale operation in Kenya will mean production of between 64,000-70,000 tonnes of rutile, 315,000-350,000 tonnes of ilmenite and 25,000-28,000 tonnes of zircon.

That is less than the 2019 forecast for all three metals, something Base attributes to lower grades at the South Dune and its using up of high-grade stockpiles.

Base added the 2020 estimate is consistent with the cash flows from Kwale predicted in the pre-feasibility study for its Toliara project in Madagascar.

The forecast for 2019 is unchanged 88,000-94,000t rutile, 385,000-415,000t ilmenite, 31,000 -34,000t tonnes of zircon.

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Price: £0.13

Market: AIM
Market Cap: £153.99 m
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Base Resources highlights transition of Kenyan mining operations to the...

Base Resources (ASX:BSE) chief financial officer Kevin Balloch tells Proactive Investors that the transition of Kwale mining operations in Kenya to the South Dune ore body, is among the highlights of the company’s June 2019 quarterly activities report. The African mineral sands producer...

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