Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Base Resources sees improved ilmenite and rutile prices over the quarter

Base Resources sees improved ilmenite and rutile prices over the quarter

Base Resources Limited (AIM:BSE, ASX:BSE) CFO Kevin Balloch talks Proactive through the company’s September quarter highlights. Prices for ilmenite and rutile improved during the period while zircon prices softened on sluggish demand. Meanwhile, mining at the Kwale operations in Kenya will end in December 2024 with processing to stop shortly thereafter due to limited tailings storage capacity. Activity at Kwale will now turn to detailed closure planning and transition to post-mining land use and progression of its Toliara Project in Madagascar.