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Full interview: Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

Base Resources - Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

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 mineral sands producer and developer increased mining volumes by 60 per cent and completely changed its mining method, adopting hydro mining for most of the financial year.

Quick facts: Base Resources Limited

Price: 10.25 GBX

AIM:BSE
Market: AIM
Market Cap: £120.09 m
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Base Resources reports strong sales and hits upper end of production...

Base Resources Ltd's (LON:BSE) chief financial officer Kevin Balloch tells Proactive's Andrew Scott they were able to operate in the second quarter uninterrupted at the Kwale mine in Kenya with production coming in at the higher end of guidance. Demand from customers was firm and supported...

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