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Base Resources Ltd.
Summary
| Project: | Kwale | |
|---|---|---|
| Deposit: | Central Dune, South Dune | |
| Location: | Kenya | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 10/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-10-2017: Base Resources Ltd. announces a Resource Estimation report for its Central Dune, South Dune deposit at the Kwale project. 2017 Updated mineral resources and ore reserves statement. The Ore Reserves and Mineral Resources for Base Resources Limit | |
| Resources: | (Reserve, P+P): 91.3Mt @ 4.3% HM for 3.9Mt HM contained at Kwale | |
| CP/QP: | [Resources]: Richard Stockwell, Scott Carruthers (Internal) | |
| ABSTRACT: | The Ore Reserves and Mineral Resources for Base Resources Limited’s (ASX & AIM: BSE) (“Base Resources” or the “Company”) 100% owned Kwale Operation as at 30 June 2017 are summarised in Table 1 below. The 2017 Kwale Mineral Resources as at 30 June 2017 are estimated to be 147.3Mt at an average heavy mineral (“HM”) grade of 3.5% and 25% slimes containing 5.15Mt HM, based on a 1% HM cut-off grade. The 2017 Kwale Mineral Resources estimate represents an increase of 9% for total material tonnes and an 8% decrease for contained HM tonnes, over the HIGHLIGHTS • Mining depletion in the year to 30 June 2017 had the effect of: • reducing Central Dune Ore Reserves by 11.2Mt of ore containing 0.79Mt of in situ Heavy Mineral (“HM”); and • reducing Central Dune Mineral Resources by 12.8Mt of material containing 0.87Mt of in situ HM. • South Dune Mineral Resources increased following completion of extensional and infill drilling, delivering a: • 19% or 560kt increase in contained in situ HM within the Measured and Indicated categories. • 29% increase in overall Mineral Resource tonnes to 114.1Mt. • 13% increase in contained in situ HM to 3.47Mt • Significant increase in confidence with 76% of the heavy mineral tonnes now within the Measured category. | |
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