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Base Resources Ltd.
Summary
| Project: | Toliara | |
|---|---|---|
| Deposit: | Ranobe | |
| Location: | Madagascar | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-11-2019: Base Resources Ltd. announces a Resource Estimation report for its Ranobe deposit at the Toliara project. Initial ore reserve for Ranobe. Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to release its ma | |
| Resources: | (Reserve, P+P): 586Mt @ 6.5% HM at Ranobe | |
| CP/QP: | [Overall Report]: Chris Sykes, Scott Carruthers (Internal) | |
| ABSTRACT: | Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to release its maiden Ranobe Ore Reserves estimate which forms the foundation of its Toliara Project in Madagascar. The Company completed the acquisition of the Toliara Project in January 2018 and, following positive findings from the Pre-Feasibility Study (PFS) completed in March 20191 , is currently progressing the project through a Definitive Feasibility Study (DFS) phase due for completion in December 2019. With the PFS demonstrating a positive economic outcome, an initial Ore Reserves estimate has been prepared (the Ranobe Ore Reserves). The Ranobe Ore Reserves estimate shown below underpins an expected 33-year mine life, consistent with the PFS. The Ranobe Ore Reserves estimate has been prepared by Base Resources and IHC Robbins and is based on the Ranobe Mineral Resources estimate released on 23 January 2019 (2019 Ranobe Mineral Resources), which was reported in accordance with the JORC Code2 . The Ranobe Ore Reserves are contained within the Measured and Indicated categories of the 2019 Ranobe Mineral Resources estimate. | |
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