3rd Sep 2021 17:31
Base Resources Ltd - mineral sands developer with assets in Kenya and Madagascar - Study of the Bumamani and Kwale North Dune deposits in Kenya finds that it is economically feasible to mine smaller, higher-grade subsets concurrently with the Kwale South Dune deposit, extending the mine life of the Kwale mineral sands operations by 7.5 months to July 2024. That will provide time for Base to develop further opportunities in Kenya. The cost of acquiring land, services and infrastructure that will be required is estimated at USD13.6 million.
Current stock price: 18.75 pence, up 8.1% on Friday
Year-to-date change: up 23%
By Ivan Edwards; [email protected]
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