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Base Resources enjoys robust performance at Kwale in FY23

Base Resources enjoys robust performance at Kwale in FY23

Base Resources Limited (AIM:BSE, ASX:BSE) CFO Kevin Balloch gives Proactive an overview of the company’s FY23 highlights. Higher prices across all products helped deliver an EBITDA of US$158.6 million and cash flows from operations of US$117.4 million. Base produced 68,814 tonnes of rutile, 297,861 tonnes of ilmenite, 25,954 tonnes of zircon and a combined 18,330 tonnes of low-grade rutile and zircon products from the Kwale Operations. Looking ahead, he says the Toliara project in Madagascar remains a significant growth opportunity for the company.