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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.

Quick facts: Base Resources Limited

Price: 14 GBX

Market: AIM
Market Cap: £164.92 m

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