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IN BRIEF: Base Resources Reports Kwale North And Bumamani Estimates

19th Feb 2021 11:08

Base Resources Ltd - African mineral sands producer - Reports a maiden Bumamani and updated Kwale North Dune mineral resources estimate at its operated mineral sands in Kwale County, Kenya. The Kwale North Dune and Bumamani mineral resources estimates are being presented together because of the close proximity of the underlying deposits and as these deposits are the subject of a single pre-feasibility study, Base Resources explained. The maiden Bumamani mineral resources estimate was developed from 2,977.5 metres of drilling from 183 holes and is 5.9 million tonnes. Meanwhile, Kwale North Dune mineral resources are now estimated to be 194 million tonnes.

Current stock price: 17.00 pence

Year-to-date change: up 12%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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