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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.

Quick facts: Base Resources Limited

Price: 15.75 GBX

AIM:BSE
Market: AIM
Market Cap: £185.54 m
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Base Resources announces maiden dividend with effective yield of 14%

Base Resources Limited's (LON:BSE)(ASX:BSE) chief financial officer Kevin Balloch speaks to Proactive following the announcement of a maiden dividend alongside the release of its 2020 results this week. The maiden dividend of 3.5 cents per share implies a yield of around 14%. Base booked revenue...

3 weeks, 2 days ago

2 min read