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Full interview: Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

Base Resources highlights financial improvement and debt reduction to finish FY19 in strong cash position

Base Resources Ltd (ASX:BSE) managing director Tim Carstens updates Proactive Investors on milestone achievements in the FY19 year with major financial improvements and a significant debt reduction resulting in a strong net cash position at June 30.

The managing director said the African mineral sands producer and developer increased mining volumes by 60 per cent and completely changed its mining method, adopting hydro mining for most of the financial year.

Quick facts: Base Resources Limited

Price: 6.75 GBX

AIM:BSE
Market: AIM
Market Cap: £79.08 m
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Full interview: Base Resources Kwale operations enters new phase and Toliara...

Base Resources Limited (ASX:BSE) (LON:BSE) chief financial officer Kevin Balloch updates Proactive on the highlights of its half year results. The company has had a successful ramp-up of mineral sands mining operations on the South Dune ore body at the Kwale operations in Kenya and continues...

1 month, 2 days ago

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