Feasibility work to now be undertaken at mineral sands project in Kenya
Base is currently hoping to continue being a mineral sands producer in Kenya till at least mid-2024
Should feasibility work confirm this, Kwale could continue production until mid-2024.
The capital cost is estimated at US$13.6 million.
Adding life to Kwale comes as the company effectively awaits the green light for developing the world scale, multi-decade Toliara project in Madagascar.
The current hope is for first production from Toliara in 2025.
Shares in Base were trading this week at A30c, capitalising the debt-free miner at $353 million.
The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.
Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.
View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.
Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.
Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.
