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Base Resources Ltd.
Summary
| Project: | Kwale | |
|---|---|---|
| Deposit: | Kwale South Dune | |
| Location: | Kenya | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 10/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-10-2017: Base Resources Ltd. announces a Resource Estimation report for its Kwale South Dune deposit at the Kwale project. 29% increase in Mineral Resource tonnes at Kwale South Dune. Base Resources Limited (ASX & AIM: BSE) (“Base Resources” or the “Com | |
| Resources: | (Resource, Total): 114.1Mt @ 3.0% HM for 3.47Mt HM contained at Kwale South Dune | |
| CP/QP: | [Resources]: Richard Stockwell (Internal) | |
| ABSTRACT: | Base Resources Limited (ASX & AIM: BSE) (“Base Resources” or the “Company”) is pleased to announce an update to the Kwale South Dune Deposit Mineral Resource at its 100% owned and operated Kwale Operation (the “2017 Kwale South Dune Mineral Resource”). The Kwale Operation has two deposits, referred to as the Central Dune and the South Dune. Mining operations are currently conducted on the Central Dune deposit, with a transition to the South Dune deposit scheduled for the second half of 2019. The 2017 Kwale South Dune Mineral Resource estimate incorporates the results of an extensional and infill drill programme completed earlier this year (refer to the announcements on 2nd March 20171 and 10th May 20172 ) and represents an overall increase of 29% for total material tonnes and 13% for contained heavy mineral (“HM”) tonnes to the Kwale South Dune deposit. In addition, there has been a significant increase in the confidence of the 2017 Kwale South Dune Mineral Resource estimate with 71% of material tonnes and 76% of HM tonnes now in the JORC Measured category. Mineral Resources are reported in accordance with the JORC Code (2012 edition). Accordingly, the information in these sections should be read in conjunction with the respective explanatory Mineral Resources information included in Appendix 1. The 2017 Kwale South Dune Mineral Resource is estimated to be 114.1 million tonnes (“Mt”) at an average HM grade of 3% and 25% slimes (“SL”) and contains 3.47Mt HM, based on a 1% HM cut-off grade. | |
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