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Base Resources highlights transition of Kenyan mining operations to the South Dune ore body

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 continues to benefit from strengthening of rutile and ilmenite prices while zircon prices have stabilised.

FY19 production is reported as being in line with guidance.

Quick facts: Base Resources Limited

Price: 11.5 GBX

AIM:BSE
Market: AIM
Market Cap: £134.74 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...

on 29/8/19

2 min read