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Base Resources Ltd.
Summary
| Project: | Toliara | |
|---|---|---|
| Deposit: | Ranobe | |
| Location: | Madagascar | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 10/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-10-2018: Base Resources Ltd. announces a Resource Estimation report for its Ranobe deposit at the Toliara project. Updated mineral resources in annual statement. The 2018 Mineral Resources and Ore Reserves for Base Resources (ASX & AIM: BSE) are summari | |
| Resources: | (Resource, Total): 857Mt @ 6.2% HM for 53Mt HM contained at Ranobe | |
| CP/QP: | [Resources]: Scott Carruthers (Internal) | |
| ABSTRACT: | The 2018 Mineral Resources and Ore Reserves for Base Resources (ASX & AIM: BSE) are summarised in the table below together with the 2017 Ore Reserves and Mineral Resources for comparison. The Company’s Kwale Operation contains the Kwale Central Dune and South Dune deposits, located approximately 50 kilometres south of Mombasa and approximately 10 kilometres inland from the Kenyan coast. Mineral Resources The 2018 Kwale Mineral Resources, as at 30 June 2018, are estimated to be 134Mt at an average HM grade of 3.1% for 4.2Mt of contained HM, at a 1% HM cut-off grade. The 2018 Kwale Mineral Resource estimate has decreased by 9% for material tonnes and by 18% for contained HM tonnes when compared with the previous 2017 Kwale Mineral Resource estimate due to mining depletion. The Kwale Central Dune Mineral Resources at 30 June 2018 are estimated to be 20Mt at an average HM grade of 3.9% for 0.8Mt of contained HM, decreased by 13Mt containing 0.9Mt of HM compared to the 2017 estimate due to mining depletion during the year. The South Dune Mineral Resources at 30 June 2018 are unchanged from the 2017 estimate as the increase announced on 4 October 2017, was incorporated into the 2017 estimate and mining has not yet commenced on this deposit. Contained within the Kwale Mineral Resources are the Kwale Ore Reserves, estimated as at 30 June 2018 to be 80Mt at an average HM grade of 3.9% for 3.1Mt of contained HM. The 2018 Kwale Ore Reserves estimate represents a decrease of 13% in total ore tonnes and 22% in contained HM tonnes over the previously reported 2017 Kwale Ore Reserves estimate. The Kwale Central Dune Ore Reserves at 30 June 2018 are estimated to be 18Mt of ore at an average HM grade of 4.0% for 0.7Mt of contained HM, decreased by 11Mt containing 0.8Mt of HM compared to the 2017 estimate due to mining depletion during the year. | |
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