For thousands of other reports visit RSC's Mineral Intellingence Map
Base Resources Ltd.
Summary
| Project: | Toliara | |
|---|---|---|
| Deposit: | Toliara | |
| Location: | Madagascar | |
| Commodities: | Zircon-Ilmenite-Rutile | |
| Date: | 12/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 12-12-2019: Base Resources Ltd. announces a Feasibility Study report for its Toliara deposit at the Toliara project. DFS results incl. post-tax NPV (10%) of US$652M, IRR of 21.4%. African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Ba | |
| Resources: | (Reserve, P+P): 586Mt @ 6.5% HM at Ranobe | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to release the outcomes of its Definitive Feasibility Study (DFS) on its Toliara Project in Madagascar. The DFS outcomes closely align with the PreFeasibility Study (PFS) outcomes released in March 2019 and confirm a post-tax/pre-debt (real) NPV10 of US$652 million and an average revenue to cost ratio of 3.15 over the initial 33-year mine life. Executive Director Operations and Development of Base Resources, Colin Bwye, said: “Building on the PFS outcomes, our Project Development Team carried out a rigorous process to further define all aspects of the Toliara Project. This included receiving firm tender submissions and project specific budget quotations for virtually all major capital works, geotechnical and hydrogeological investigation of the region, reviewing timeframes, and extensive consultation with experts and a number of third-party peer reviews. As a result of this, we are confident with the Project’s capital and operating metrics.” “We are very pleased that the DFS has re-confirmed our view that the Toliara Project is a world class mineral sands development opportunity. In the first 26 years of full production, the Toliara Project is expected to produce an average of 814kt of ilmenite, 55kt of zircon and 7kt of rutile annually, over a period when a global supply deficit of titanium dioxide feedstocks and zircon is expected. This production profile, combined with a highly competitive revenue to cost of sales ratio, will generate estimated average annual free cash flows of US$140.2 million over these years.” Managing Director of Base Resources, Tim Carstens, said: “We are pleased to share the DFS outcomes today, as we progress through another major milestone in the process of bringing the Toliara Project into production.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report