BASE RESOURCES LIMITED - Quarterly Activities Report - March 2021
PR Newswire
Key Points
Kwale Operations maintained operational consistency through the quarter with health and safety protocols in place to minimise the risk of COVID-19 to personnel and surrounding communities.
Kwale Operations FY21 production guidance increased for both ilmenite and zircon.
Ilmenite and rutile prices trended upwards in the quarter, with higher zircon prices secured for the June quarter.
Kwale North Dune PFS completed, with a focused study on mining higher grade subsets of the North Dune and Bumamani deposits underway and due in mid-2021.
Discussions with the Government of Madagascar on Toliara Project fiscal terms continue to progress.
COVID-19 UPDATE
Base Resources continues to closely monitor the COVID-19 pandemic and its impacts on the Company’s business, people and wider stakeholders. The Company’s in continue to operate under a suite of mitigations aimed at protecting the health and safety of our employees and neighbouring communities, including modified workplace practices and a focus on hygiene and social distancing. As the number of COVID-19 cases in and have increased significantly in recent weeks, the Company has also re-introduced work-from-home protocols for non-operational staff. The Company is also assisting governments and communities in both and with several initiatives, primarily involving the construction of hygiene facilities, and the donation and distribution of food and medical supplies and equipment.
BASE RESOURCES LIMITED - Kwale North and Bumamani Resources Estimates
PR Newswire
Key Points
As part of the pre-feasibility study currently underway to assess the viability of mining the Kwale North Dune and Bumamani deposits, seeking to extend the mine life of Kwale Operations, additional drilling and mineralogy assessments have been conducted.
The Kwale North Dune Mineral Resources estimate has increased by 13% to 194 million tonnes at an average HM grade of 1.5%, containing 2.9Mt HM, based on a 1% HM cut-off grade.
99% of the Kwale North Dune Mineral Resources estimate is now reported in the Measured and Indicated categories.
The maiden Bumamani Mineral Resources estimate is 5.9 million tonnes at an average HM grade of 1.9%, containing 0.115Mt HM, based on a 1% HM cut-off grade.
BASE RESOURCES LIMITED - Quarterly Activities Report - December 2020
PR Newswire
Key Points
Kwale Operations has maintained operational consistency through the quarter with health and safety protocols in place to minimise the risk of COVID-19 to personnel and surrounding communities.
Ongoing firm demand from customers in the quarter supported further ilmenite price increases, while zircon and rutile prices have stabilised.
Kwale North Dune PFS progressed and is scheduled for release early in the June quarter.
Exploration drilling re-commenced in the North Vanga region near Kwale Operations.
Discussions with the Government of Madagascar on Toliara Project fiscal terms continue to progress.