TIDMBSE
AIM and Media Release
11 August 2023
Base Resources Limited
2023 Mineral Resources and Ore Reserves Statement
Key Points
· Kwale South Dune Mineral Resources and Ore Reserves estimates reduced due to
mining depletion and related sterilisation during the year to 30 June 2023,
with:
· Mineral Resources reducing by 18.8Mt containing 0.61Mt of heavy mineral.
· Ore Reserves reducing by 16.9Mt containing 0.57Mt of heavy mineral.
· Kwale North Dune Mineral Resources and Ore Reserves estimates reduced due to
mining depletion during the year to 30 June 2023, with:
· Mineral Resources reducing by 2.4Mt containing 0.05Mt of heavy mineral.
· Ore Reserves reducing by 1.8Mt containing 0.04Mt of heavy mineral.
· Ranobe Mineral Resources and Ore Reserves estimates were both unchanged from
2022.
The 2023 Mineral Resources and Ore Reserves estimates for Base Resources Limited
(ASX / AIM: BSE) are summarised in the table below, together with the 2022
Mineral Resources and Ore Reserves estimates for comparison.
[][][][][][]
2023[1]
2022[1]
as at 30 June 2023
as at 30 June 2022
HM Assemblage
HM Assemblage
Tonnes HM HM SL OS ILM RUT LEUC ZIR Tonnes HM HM
SL OS ILM RUT LEUC ZIR
(Mt) (Mt) (%) (%) (%) (%) (%) (%) (%) (Mt) (Mt) (%)
(%) (%) (%) (%) (%) (%)
Mineral Resources
(Measured + Indicated + Inferred, inclusive of Ore
Reserves)
Kwale[2] 184 2.8 1.5 36 1.9 45 13[3] - 5.8 205 3.5 1.7
35 2.0 47 13[3] - 5.8
Ranobe[4] 2,580 111 4.3 7.7 0.4 71 1.0 1.0 5.9 2,580 111 4.3
7.7 0.4 71 1.0 1.0 5.9
Ore Reserves
(Proved + Probable)
Kwale 21 0.5 2.2 32 2.1 52 14 - 6.1 40 1.1 2.7
28 2.3 55 14 - 6.0
Ranobe 904 55 6.1 3.8 0.1 73 1.0 1.0 5.9 904 55 6.1
3.8 0.1 73 1.0 1.0 5.9
[Notes:
(1) Table may be subject to slight arithmetic differences due to rounding.
(2) Kwale incorporates the Kwale South Dune, Kwale North Dune and Bumamani
deposits.
(3) Kwale rutile reported is rutile + leucoxene minerals.
(4) The Ranobe Mineral Resources estimate also specifies the monazite and garnet
within the mineral assemblage as a percentage of HM, refer to the standalone
table for the Ranobe Mineral Resources estimate below for these percentages.]
The Mineral Resources and Ore Reserves estimates in this statement are reported
in accordance with the JORC Code. A glossary of key terms used in this
statement is set out at the end of this statement.
For further information about the estimates in this statement, including
information that is material to understanding the estimates in relation to the
applicable criteria in Table 1 of the JORC Code, refer to the following
announcements5:
[]
Deposit(s) Announcement Title Estimate Release
Date Date
Kwale South Mineral Updated Kwale 30 June 20 August
Dune Resources South Dune Mineral 2021 2021
& Ore Resources and Ore
Reserves Reserves estimates
Kwale North Mineral Updated Kwale 19 19
Dune and Resources North Dune and February February
Bumamani maiden 2021 2021
Bumamani Mineral
Resources
estimates[6]
Kwale North Ore Maiden Kwale North 20 June 20 June
Dune and Reserves Dune and Bumamani 2022 2022
Bumamani Ore Reserves
estimates
Ranobe Mineral Updated Ranobe 27 27
(Toliara) Resources Mineral Resources September September
& Ore and 2021 2021
Reserves Ore Reserves
estimates
2022 Mineral 2022 Mineral 30 June 12 August
Comparatives Resources Resources and Ore 2022 2022
& Ore Reserves Statement
Reserves
[Notes:
(5) Announcements are available at
https://baseresources.com.au/investors/announcements/
(6) The Kwale North Mineral Resources estimate was updated as at 20 June 2022
and disclosed in the announcement titled `Maiden Kwale North Dune and Bumamani
Ore Reserves estimates' released on 20 June 2022. Refer to this announcement
for the most recent JORC Code Table 1 information for both the Kwale North Dune
and Bumamani Mineral Resources estimates.]
The Company's Kwale Mineral Sands Operations in Kenya is located approximately
50 kilometres south of Mombasa and 10 kilometres inland from the Kenyan coast.
The Company's wholly owned subsidiary, Base Titanium, is the 100% owner and
operator of Kwale Operations and has a net attributable interest of 100% in the
2023 Kwale Mineral Resources and Ore Reserves estimates. Base Titanium also
holds Prospecting Licence 2018/0119 and Special Mining Lease 23, which contain
the Kwale South Dune, the Kwale North Dune and Bumamani deposits.
Mineral Resources
The 2023 Kwale Mineral Resources, as at 30 June 2023, are estimated to be 184Mt
at an average HM grade of 1.5% for 2.8Mt of contained HM, at a 1% HM cut-off
grade.
The 2023 Kwale Mineral Resources estimate represents a decrease of approximately
21Mt (or 10%) in material tonnes containing 0.7Mt of HM compared to the 2022
Kwale Mineral Resources estimate. This was due to mining depletion and
sterilisation of the Kwale South Dune Mineral Resources and mining depletion of
the Kwale North Dune Mineral Resources.
The Kwale South Dune Mineral Resources are estimated to be 8.9Mt at an average
HM grade of 2.2% for 0.19Mt of contained HM as at 30 June 2023, a decrease of
18.8Mt containing 0.61Mt of HM compared to the 2022 Kwale South Dune Mineral
Resources estimate.
The 2023 Kwale North Dune Mineral Resources are estimated to be 169Mt at an
average HM grade of 1.5% for 2.51Mt of contained HM as at 30 June 2023, a
decrease of 2.4Mt containing 0.05Mt of HM compared to the 2022 Kwale North Dune
Mineral Resources estimate.
The 2023 Bumamani Mineral Resources are estimated to be 5.9Mt at an average HM
grade of 1.9% for 0.12Mt of contained HM. The Bumamani Mineral Resources at 30
June 2023 are unchanged from the 2022 estimate.
Table 2: 2023 Kwale Mineral Resources estimate compared with the 2022 estimate
at a 1% HM cut-off grade.
2023 2022
as at 30 June 2023 as at 30
June 2022
HM Assemblage
HM Assemblage
Category Tonnes HM HM SL OS ILM RUT ZIR Tonnes HM HM SL
OS ILM RUT ZIR
(Mt) (Mt) (%) (%) (%) (%) (%) (%) (Mt) (Mt) (%) (%)
(%) (%) (%) (%)
Kwale South Dune Mineral Resources
Measured 4.9 0.11 2.2 26 2.3 59 14 6.1 17 0.49 3.0 24
1.3 59 14 5.8
Indicated 4.0 0.09 2.2 27 6.1 57 14 6.0 11 0.31 2.9 25
6.1 56 13 5.9
Total 8.9 0.19 2.2 26 4.0 58 14 6.1 28 0.81 2.9 24
3.2 58 14 5.8
Kwale North Dune Mineral Resources
Measured 104 1.60 1.5 37 1.5 40 13 5.4 106 1.6 1.5 37
1.5 40 13 5.4
Indicated 62 0.89 1.4 37 2.1 49 14 6.1 63 0.9 1.4 37
2.1 49 14 6.1
Inferred 2 0.03 1.2 37 2.9 49 15 6.5 2 0.03 1.2 37
2.9 49 15 6.5
Total 169 2.51 1.5 37 1.8 43 13 5.7 171 2.6 1.5 37
1.8 44 13 5.7
Bumamani Mineral Resources
Measured 3.0 0.066 2.2 19 2.2 48 15 7.5 3.0 0.066 2.2 19
2.2 48 15 7.5
Indicated 2.6 0.045 1.7 23 5.2 47 16 7.7 2.6 0.045 1.7 23
5.2 47 16 7.7
Inferred 0.3 0.004 1.4 27 6.1 41 14 7.8 0.3 0.004 1.4 27
6.1 41 14 7.8
Total 5.9 0.115 1.9 21 3.8 47 15 7.6 5.9 0.115 1.9 21
3.8 47 15 7.6
Total Kwale Mineral Resources
Measured 112 1.77 1.6 36 1.6 41 13 5.5 125 2.2 1.7 35
1.5 45 13 5.6
Indicated 69 1.02 1.5 36 2.5 50 14 6.2 77 1.3 1.6 35
2.8 51 14 6.1
Inferred 3 0.03 1.2 36 3.3 48 15 6.7 3 0.0 1.2 36
3.3 48 15 6.7
Total 184 2.82 1.5 36 1.9 45 13 5.8 205 3.5 1.7 35
2.0 47 13 5.8
Table may be subject to slight arithmetic differences due to rounding. Mineral
Resources are reported inclusive of Ore Reserves.
Ore Reserves
Included within the Kwale Mineral Resources are the Kwale Ore Reserves,
estimated to be 21.3Mt at an average HMgrade of 2.2% for 0.48Mt of contained HM
as at 30 June 2023.
Compared to the 2022 Kwale Ore Reserves estimate, there was a decrease of 56% in
contained HM tonnes.
The Kwale South Dune Ore Reserves decreased by 16.9Mt containing 0.57Mt of HM
due to mining depletion and sterilisation of unmined material due to a
combination of an elevated basement floor in some areas compared to that
predicted in the underlying model, induration at the base of the mineralised
profile that could not be readily mined and infrastructure buffers.
The Kwale North Dune Ore Reserves decreased by 1.8Mt containing 0.04Mt of HM due
to mining depletion. There was no sterilisation of unmined material as the
design pit floor is yet to be reached.
Table 3: 2023 Kwale Ore Reserves estimate compared with the 2022 estimate.
2023
2022
as at 30 June 2022 as at 30
June 2022
HM Assemblage
HM Assemblage
Category Tonnes HM HM SL OS ILM RUT ZIR Tonnes HM HM
SL OS ILM RUT ZIR
(Mt) (Mt) (%) (%) (%) (%) (%) (%) (Mt) (Mt) (%)
(%) (%) (%) (%) (%)
Kwale South Dune Ore Reserves
Proved 3.6 0.09 2.4 27 2.2 59 14 6.1 15 0.46 3.1
25 1.2 59 14 5.7
Probable 1.6 0.05 3.0 26 7.4 57 13 6.1 7 0.25 3.3
24 5.8 57 13 5.9
Total 5.2 0.13 2.6 27 3.8 58 14 6.1 22 0.71 3.2
24 2.8 58 14 5.8
Kwale North Dune Ore Reserves
Proved 7.3 0.15 2.1 39 0.7 48 13 5.5 8.3 0.17 2.1
37 0.9 50 13 6.1
Probable 4.9 0.10 2.1 38 1.6 52 13 5.9 5.6 0.12 2.1
37 1.8 53 13 5.9
Total 12.1 0.25 2.1 39 1.1 50 13 5.6 13.9 0.29 2.1
37 1.2 51 13 6.0
Bumamani Ore Reserves
Proved 2.6 0.06 2.3 19 2.2 48 16 7.5 2.6 0.06 2.3
19 2.2 48 16 7.5
Probable 1.3 0.03 2.2 19 5.3 48 16 7.6 1.3 0.03 2.2
19 5.3 48 16 7.6
Total 3.9 0.09 2.3 19 3.2 48 16 7.5 3.9 0.09 2.3
19 3.2 48 16 7.5
Total Kwale Ore Reserves
Proved 13.5 0.30 2.2 32 1.4 51 14 6.1 26 0.69 2.7
28 1.2 56 14 6.0
Probable 7.8 0.18 2.3 33 3.4 53 14 6.2 14 0.40 2.7
29 4.2 55 13 6.0
Total 21.3 0.48 2.2 32 2.1 52 14 6.1 40 1.1 2.7
28 2.3 55 14 6.0
Table may be subject to slight arithmetic differences due to rounding.
Ranobe Deposit
The Company's Toliara Project is based on the Ranobe deposit, located
approximately 45 kilometres north of the town of Toliara and 15km inland from
the coast in south-west Madagascar. The Ranobe deposit sits within Permis
d'Exploitation 37242, which is a mining lease under Malagasy law. The Company's
wholly owned subsidiary, Base Toliara SARL, is the 100% owner and operator of
the Toliara Project and has a net attributable interest of 100% in the 2023
Ranobe Mineral Resources and Ore Reserves estimates. The Company is currently
progressing the project towards development.
Mineral Resources
The 2023 Ranobe Mineral Resources was unchanged from the 2022 estimate of
2,580Mt at an average HM grade of 4.3% for 111Mt of contained HM, based on a
1.5% HM cut-off grade.
Table 4: The 2023 Ranobe Mineral Resources estimate at a 1.5% HM cut-off grade.
Mineral Assemblage as % of HM
Category Tonnes HM HM SL OS ILM RUT LEUC ZIR MON GARN
(Mt) (Mt) (%) (%) (%) (%) (%) (%) (%) (%) (%)
2023 Ranobe Mineral Resources
(as at 30 June 2023)
Measured 597 36 6.1 4.3 0.2 74 1.0 1.0 5.9 1.9 2.2
Indicated 793 35 4.4 7.1 0.5 71 1.0 1.0 5.9 2.0 3.6
Inferred 1,190 39 3.3 9.7 0.6 69 1.0 1.0 5.8 2.0 4.3
Total 2,580 111 4.3 7.7 0.4 71 1.0 1.0 5.9 2.0 3.4
Table may be subject to slight arithmetic differences due to rounding. Mineral
Resources are reported inclusive of Ore Reserves.
Ore Reserves
Included within the Ranobe Mineral Resources are the Ranobe Ore Reserves,
estimated to be 904Mt at an average HM grade of 6.1% for 55Mt of contained HM as
at 30 June 2023, which are unchanged from the 2022 estimate. No monazite or
garnet is incorporated in the Ranobe Ore Reserves estimate because the existing
mining tenure, Permis D'Exploitation 37242, does not currently provide the right
to exploit these minerals.
Table 5: The 2023 Ranobe Ore Reserves estimate.
[]
Mineral Assemblage as % of HM
Category Tonnes HM HM SL OS ILM RUT LEUC[^] ZIR
(Mt) (Mt) (%) (%) (%) (%) (%) (%) (%)
2023 Ranobe Ore Reserves
(as at 30 June 2023)
Proved 433 30 6.9 3.8 0.1 75 1.0 1.0 6.0
Probable 472 25 5.3 3.9 0.2 72 1.0 1.0 5.8
Total 904 55 6.1 3.8 0.1 73 1.0 1.0 5.9
Table may be subject to slight arithmetic differences due to rounding.
^Recovered Leucoxene will be split between Rutile and Chloride Ilmenite products
depending on product specification requirements.
Mineral Resources and Ore Reserves Governance
A summary of the governance, internal controls and estimation process applicable
to Base Resources' Mineral Resources and Ore Reserves estimates is as follows:
Mineral Resources
· Review and validation of drilling and sampling methodology and data spacing,
geological logging, data collection and storage, sampling and analytical quality
control.
· Geological interpretation - review of known and interpreted structure,
lithology and weathering controls.
· Estimation methodology - relevant to mineralisation style and proposed
mining methodology.
· Comparison of estimation results with previous mineral resources models, and
with results using alternate modelling methodologies.
· Visual validation of block model against raw composite data.
· Use of external Competent Persons to assist in preparation of Mineral
Resources estimate updates.
Ore Reserves
· Review of potential mining methodology to suit deposit and mineralisation
characteristics.
· Review of potential Modifying Factors, including cost assumptions and
commodity prices to be utilised in mining evaluation.
· Ore Reserves estimate updates initiated following material changes in the
relevant Modifying Factor assumptions.
· Optimisation using appropriate software packages for open pit evaluation.
· Design based on optimisation results.
· Use of external Competent Persons to assist in preparation of Ore Reserves
estimates.
Competent Persons' Statement
The information in the 2023 Mineral Resources and Ore Reserves Statement that
relates to Mineral Resources and Ore Reserves is based on, and fairly
represents, information and supporting documentation prepared by the Competent
Persons named in the table below. Each Competent Person:
· is a Member or Fellow of The Australasian Institute of Mining and Metallurgy
or the Australian Institute of Geoscientists;
· has sufficient experience that is relevant to the style of mineralisation
and type of deposits under consideration and to the activity which they are
undertaking to qualify as a Competent Person as defined in the JORC Code and as
a qualified person for the purposes of the AIM Rules for Companies; and
· consents to the inclusion in this statement of the relevant estimate(s)
listed alongside their name in table below in the form and context in which the
estimate and the relevant information are presented.
Mr Ian Reudavey has also approved this statement as a whole.
Mr Ian Reudavey is employed by Base Resources, does not presently hold equity
securities in Base Resources, and is entitled to participate in Base Resources'
long-term incentive plan and receive equity securities under that plan. Mr
Scott Carruthers is employed by Base Titanium, Base Resources' wholly owned
subsidiary. Mr Carruthers holds equity securities in Base Resources, and is
also entitled to participate in Base Resources' long-term incentive plan and
receive equity securities under that plan. Details about that plan are included
in Base Resources' 2022 Annual Report.
+----------+------------+------------------------------------------------------+
|Name |Estimate(s) |Employer |
+----------+------------+------------------------------------------------------+
|Ian |Kwale |Base Resources, full-time employee |
|Reudavey |Mineral | |
| |Resources | |
| |and Ore | |
| |Reserves | |
| |(overall), | |
| |Kwale South | |
| |Dune Mineral| |
| |Resources, | |
| |Kwale North | |
| |Dune Mineral| |
| |Resources, | |
| |Ranobe | |
| |Mineral | |
| |Resources, | |
| |Kwale South | |
| |Dune Ore | |
| |Reserves and| |
| |Kwale North | |
| |Dune Ore | |
| |Reserves | |
+----------+------------+------------------------------------------------------+
|Scott |Kwale South |Base Titanium, full-time employee |
|Carruthers|Dune Mineral| |
| |Resources, | |
| |Bumamani | |
| |Mineral | |
| |Resources, | |
| |Kwale South | |
| |Dune Ore | |
| |Reserves, | |
| |Kwale North | |
| |Dune Ore | |
| |Reserves, | |
| |Bumamani Ore| |
| |Reserves and| |
| |Ranobe Ore | |
| |Reserves | |
+----------+------------+------------------------------------------------------+
|Greg Jones|Kwale North |IHC Robbins, consultant geologist to Base Resources |
| |Dune Mineral| |
| |Resources | |
+----------+------------+------------------------------------------------------+
|Per |Bumamani Ore|Entech, a mining consultancy engaged by Base Resources|
|Scrimshaw |Reserves | |
+----------+------------+------------------------------------------------------+
Forward looking statements
Certain statements in or in connection with this statement contain or comprise
forward looking statements. Such statements may include, but are not limited
to, statements with regard to future production and grades, capital cost,
capacity, sales projections and financial performance and may be (but are not
necessarily) identified by the use of phrases such as "will", "expect",
"anticipate", "believe" and "envisage". By their nature, forward looking
statements involve risk and uncertainty because they relate to events and depend
on circumstances that will occur in the future and may be outside Base
Resources' control. Accordingly, results could differ materially from those set
out in the forward-looking statements as a result of, among other factors,
changes in economic and market conditions, success of business and operating
initiatives, changes in the regulatory environment and other government actions,
fluctuations in product prices and exchange rates and business and operational
risk management. Subject to any continuing obligations under applicable law or
relevant stock exchange listing rules, Base Resources undertakes no obligation
to update publicly or release any revisions to these forward-looking statements
to reflect events or circumstances after today's date or to reflect the
occurrence of unanticipated events.
Glossary
[]
Assemblage The relative proportion of heavy mineral components,
principally ilmenite, rutile, zircon and, where applicable,
leucoxene, monazite and garnet.
Base Base Resources Limited.
Resources or
Company
Base Titanium Base Titanium Limited.
Competent The JORC Code requires that a Competent Person be a Member or
Person Fellow of The Australasian Institute of Mining and Metallurgy,
of the Australian Institute of Geoscientists, or of a
`Recognised Professional Organisation'. A Competent Person
must have a minimum of five years' experience working with the
style of mineralisation or type of deposit under consideration
and relevant to the activity which that person is undertaking.
Cut-off grade The lowest grade of mineralised material that is thought to be
economically mineable and available. Typically used by Base
Resources to define which material is reported in a Mineral
Resources estimate.
GARN Garnet, a valuable heavy mineral.
Grade A physical or chemical measurement of the characteristics of
the material of interest. In this context, the grade is always
a percentage and the characteristics are heavy mineral,
oversize, slime and the various product minerals (ilmenite,
rutile etc).
Heavy mineral In mineral sands, minerals with a specific gravity greater than
or HM 2.85 t/m[3].
ILM Ilmenite, a valuable heavy mineral.
Indicated An Indicated Mineral Resource is that part of a Mineral
Resource for which quantity, grade (or quality), densities,
shape and physical characteristics are estimated with
sufficient confidence to allow the application of Modifying
Factors in sufficient detail to support mine planning and
evaluation of the economic viability of the deposit.
Inferred An Inferred Mineral Resource is that part of a Mineral Resource
for which quantity and grade (or quality) are estimated on the
basis of limited geological evidence and sampling. Geological
evidence is sufficient to imply but not verify geological and
grade (or quality) continuity. It is based on exploration,
sampling and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits,
workings and drill holes.
JORC Code The Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves 2012 Edition, as published
by the Joint Ore Reserves Committee of The Australasian
Institute of Mining and Metallurgy, Australian Institute of
Geoscientists and Minerals Council of Australia.
LEUC Leucoxene, a valuable heavy mineral.
Measured A Measured Mineral Resource is that part of a Mineral Resource
for which quantity, grade (or quality), densities, shape, and
physical characteristics are estimated with confidence
sufficient to allow the application of Modifying Factors to
support detailed mine planning and final evaluation of the
economic viability of the deposit.
Mineral Mineral Resources are a concentration or occurrence of solid
Resources material of economic interest in or on the Earth's crust in
such form, grade (or quality), and quantity that there are
reasonable prospects for eventual economic extraction. The
location, quantity, grade (or quality), continuity and other
geological characteristics of a Mineral Resource are known,
estimated or interpreted from specific geological evidence and
knowledge, including sampling. Mineral Resources are sub
-divided, in order of increasing geological confidence, into
Inferred, Indicated and Measured categories.
Modifying Modifying Factors are considerations used to convert Mineral
Factors Resources to Ore Reserves. These include, but are not
restricted to, mining, processing, metallurgical,
infrastructure, economic, marketing, legal, environmental,
social and governmental factors.
MON Monazite, a valuable heavy mineral that contains rare earth
elements.
Ore Reserves Ore Reserves are the economically mineable part of a Measured
and/or Indicated Mineral Resource. It includes diluting
materials and allowances for losses, which may occur when the
material is mined or extracted and is defined by studies at Pre
-Feasibility or Feasibility level as appropriate that include
application of Modifying Factors. Such studies demonstrate
that, at the time of reporting, extraction could reasonably be
justified.
OS Oversize material, for Kwale and Ranobe it is defined as
material >1mm in size
Probable A Probable Ore Reserve is the economically mineable part of an
Indicated, and in some circumstances, a Measured Mineral
Resource. The confidence in the Modifying Factors applying to
a Probable Ore Reserve is lower than that applying to a Proved
Ore Reserve.
Proved A Proved Ore Reserve is the economically mineable part of a
Measured Mineral Resource. A Proved Ore Reserve implies a high
degree of confidence in the Modifying Factors.
RUT Rutile, a valuable heavy mineral.
SL Slimes, fine material (defined as <45µm at Kwale and <63µm at
Ranobe) that is a waste product from the processing of mineral
sands.
Sterilisation Material that is depleted from Mineral Resources or Ore
Reserves, but which was not mined. This material still remains
in ground following mining activity and, in the Competent
Person's opinion, it has no reasonable prospects for eventual
economic extraction.
ZIR Zircon, a valuable heavy mineral.S.
For further information contact:
+--------------------------------+-----------------------------+
|Australian Media Relations |UK Media Relations |
+--------------------------------+-----------------------------+
|Citadel Magnus |Tavistock Communications |
+--------------------------------+-----------------------------+
|Cameron Gilenko and Michael Weir|Jos Simson and Gareth Tredway|
+--------------------------------+-----------------------------+
|Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 |
+--------------------------------+-----------------------------+
This release has been authorised by Base Resources' Disclosure Committee.
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, is
developing the Toliara Project in Madagascar and is conducting exploration in
Tanzania. 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 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / Patrick Dolaghan
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
This information was brought to you by Cision http://news.cision.com
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