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Base Resources Limited

Base Resources delighted with PFS study result for Toliara in Madagascar

A feasibility study for its Toliara project in Madagascar has confirmed it is a world class project, says Tim Carstens, managing director of minerals sands miner Base Resources Limited (LON:BSE).

The net present value of Toliara was estimated at US$671mln in the study based on a mine life of 33 years producing 806,000 tonnes of ilmenite, 54,000t zircon and 8,000t of rutile each year.

Carstens told Proactive that in its existing operation at Kwale and now Toliara, Base Resources has the two most profitable mineral sands projects in the world.

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Price: £0.13

Market: AIM
Market Cap: £153.99 m
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Full interview: Base Resources highlights financial improvement and debt...

Base Resources Ltd (ASX:BSE) managing director Tim Carstens updates Proactive Investors on milestone achievements in the FY19 year with major financial improvements and a significant debt reduction resulting in a strong net cash position at June 30. The managing director said the African...

3 weeks, 1 day ago

2 min read