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IN BRIEF: Base Resources Reduces Kwale South Dune Resource Estimate

27th Jul 2020 19:47

Base Resources Ltd - mineral explorers - Updates mineral resources at Kwale South Dune in Kenya to reflect 5% reduction in material bulk density following resource model estimates and gathering of run-of-mine operating data. As at March 31, mineral resources estimated at 88 million tonnes at an average heavy mineral grade of 3.1% for contained heavy minerals, down 22% from estimates logged in 2017.

Current stock price: 10.25 pence

Year-to-date change: down 18%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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