(NewsDirect)
Base ResourcesLimited (AIM:BSE, ASX:BSE) CFO Kevin Balloch talks Proactive throughthe company’s September quarter highlights. Prices for ilmenite andrutile improved during the period while zircon prices softened onsluggish demand. Meanwhile, mining at the Kwale operations in Kenyawill end in December 2024 with processing to stop shortly thereafterdue to limited tailings storage capacity. Activity at Kwale will nowturn to detailed closure planning and transition to post-mining landuse and progression of its Toliara Project in Madagascar.
Base Resources is anAustralian based, African focused, mineral sands producer anddeveloper with a track record of project delivery and operationalperformance. The company operates the established Kwale Operations inKenya and is developing the Toliara Project in Madagascar. The KwaleSouth and North Dunes continued to be mined concurrently during thequarter, with two hydraulic mining units operating in each area. Minedtonnage was steady at 4.1 million tonnes (Mt) (last quarter: 4.1Mt).Mining rates in the North Dune improved during the quarter after thewater pressure for one of the hydraulic mining units was boosted fromthe standard 25 bar to 32 bar. A second higher pressure hydraulicmining unit will be commissioned when mining commences on the Bumamanideposit in the March quarter of 2024. Consistent with mine plan, theheavy mineral (HM) grade of ore mined in the quarter was lower thanlast quarter at 2.5% (last quarter: 3.0%), and consequently, heavymineral concentrate (HMC) production was lower at 84.8kt (lastquarter: 103.2kt).
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.