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Base Resources reveals significant further high grade mineralisation at Toliara

Base is already producing from a well-established project in Kenya

Base Resources Limited -

Base Resources Ltd (LON:BSE) has confirmed the existence of further high-grade mineral sands mineralisation at the Toliara project in Madagascar, following a 29,753 metre programme of aircore drilling.

A preliminary mineralogical assessment of two high grade lower sand unit intercepts shows ilmenite, rutile and zircon makeup approximately 50% of the heavy minerals and are in similar proportions to those reported in the existing reserves estimate.

The ilmenite, rutile and zircon minerals appear to be of saleable quality.

A further drilling program targeting the recently-discovered high grade lower sand unit zones will be planned once the results of all existing drilling have been assessed.

The Toliara project is part of the wider Ranobe deposit, which comprises a single continuous body of mineralisation approximately 20 kilometres long, 1.5 kilometres to 5.5 kilometres wide and three metres to 100 metres in thickness.

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Price: 8 GBX

AIM:BSE
Market: AIM
Market Cap: £93.73 m
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Full interview: Base Resources Kwale operations enters new phase and Toliara...

Base Resources Limited (ASX:BSE) (LON:BSE) chief financial officer Kevin Balloch updates Proactive on the highlights of its half year results. The company has had a successful ramp-up of mineral sands mining operations on the South Dune ore body at the Kwale operations in Kenya and continues...

on 28/2/20

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