Base Resources Limited Kwale Operations impacted by local rainstorms
June 06 2022 - 1:00AM
UK Regulatory
TIDMBSE
AIM and Media Release
6 June 2022
BASE RESOURCES LIMITED
Kwale Operations impacted by local rainstorms
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that mining at the Company's Kwale Operations
has been impacted by recent abnormal rainstorms in Kwale County, Kenya. This
series of rainstorms over recent days resulted in flash flooding that
overwhelmed the dewatering systems for the three operating hydraulic mining
units (HMUs). Recovery work is underway, with one of three HMUs back in
operation and delivering approximately 45% of normal mining volumes. The
remaining two HMUs are currently not operating as they continue to be dewatered
and replacement of the pump motors progresses.
While the timing for returning to full mining volumes is uncertain, it is not
currently expected that the Company's production guidance for financial year
2022 will need to be revised1.
A further update will be provided once the timing for returning to full mining
volumes becomes clear.
[Note (1): Refer to Base Resources' announcement on 19 October 2021 "Quarterly
Activities Report - September 2021" for the Company's FY2022 production
guidance.]
ENDS.
For further information contact:
James Fuller, Manager Communications and Investor UK Media Relations
Relations
Base Resources Tavistock Communications
Tel: +61 (8) 9413 7426 Jos Simson and Gareth Tredway
Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150
Email: jfuller@baseresources.com.au
About Base Resources
Base Resources is an Australian based, African focused, mineral sands producer
and developer with a track record of project delivery and operational
performance. The Company operates the established Kwale Operations in Kenya
and is developing the Toliara Project in Madagascar. Base Resources is an ASX
and AIM listed company. Further details about Base Resources are available at
www.baseresources.com.au
PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: +61 (0)8 9480 2500
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000
END
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