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Base Resources Ltd.
Summary
| Project: | Kwale | |
|---|---|---|
| Deposit: | Kwale | |
| Location: | Kenya | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 8/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-8-2019: Base Resources Ltd. announces a Resource Estimation report for its Kwale deposit at the Kwale project. 2019 Mineral Resources and Ore Reserves Statement. The 2019 Mineral Resources and Ore Reserves for Base Resources Limited (ASX & AIM: BSE) (B | |
| Resources: | (Reserve, P+P): 62Mt @ 3.8% HM | |
| CP/QP: | [Resources]: Richard Stockwell, Scott Carruthers, Greg Jones (Internal;IHC Robbins) | |
| ABSTRACT: | The 2019 Mineral Resources and Ore Reserves for Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) are summarised in the table below together with the 2018 Ore Reserves and Mineral Resources for comparison. The Company’s Kwale Operation holds the Kwale Central Dune, South Dune and North Dune deposits, located approximately 50 kilometres south of Mombasa and approximately 10 kilometres inland from the Kenyan coast. The 2019 Kwale Mineral Resources, as at 30 June 2019, are estimated to be 285 million tonnes (Mt) at an average heavy mineral (HM) grade of 2.1% for 6.0Mt of contained HM, at a 1% HM cut-off grade. The 2019 Kwale Mineral Resources estimate has increased by 112% for material tonnes and by 43% for contained HM tonnes when compared with the 2018 Kwale Mineral Resources estimate due to the addition of the Kwale North Dune Mineral Resources, partially offset by mining depletion of the Kwale Central Dune. The Kwale Central Dune Mineral Resources were fully depleted by mining during the year. At 30 June 2018, they were estimated to be 20Mt at an average HM grade of 3.9% for 0.8Mt of contained HM. The South Dune Mineral Resources at 30 June 2019 are unchanged from the 30 June 2018 estimate. Following transition of mining operations from the Kwale Central Dune to the South Dune, mining of the deposit only commenced on 26 June 2019, resulting in negligible material mined (0.1Mt) during the year, with this depletion having no effect on the reported Mineral Resources estimate due to rounding to two significant figures. Also, on the basis of rounding methodology, the Kwale South Dune Inferred Resources will no longer be reported. The North Dune Mineral Resources at 30 June 2019 are unchanged from the 1 May 2019 estimate. | |
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