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Base Resources revises production guidance upwards, as Kwale continues to outperform

Base now expects to process more ore than previously anticipated, and for recoveries to be higher

Base Resources Limited -

Base Resources Ltd (ASX:BSE)(LON:BSE) has issued revised production guidance for the Kwale mineral sands project in Kenya.

In a statement, the firm said production of rutile is now expected to be between 75,000 and 81,000 tonnes, up from a previously forecast range of between 64,000 and 70,000.

It said Ilmenite and zircon guidance has also been boosted, as separation efficiency has improved following the transition from mining at the Central Dune to the South Dune.

The assumption is based on the company’s ability to mine of 18.7mln tonnes of ore at an average heavy minerals grade of 3.58%.

Quick facts: Base Resources Limited

Price: 14.75 GBX

Market: AIM
Market Cap: £173.76 m

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Base Resources says production remains uninterrupted with Kwale operations...

Base Resources Limited's (LON:BSE) (ASX:BSE) chief financial officer Kevin Balloch talks Proactive's Andrew Scott through its September quarter highlights. It produced 65,863 tonnes of ilmenite and 15,513 tonnes of rutile in the third quarter, versus 84,843 and 19,035 respectively in the second...

on 16/10/20

2 min read