London Stock Exchange listed mineral sands producer Base Resources Ltd has reported that it expects to boost reserves at Kwale in Kenya after drilling indicated mineral zone extensions to the north and south.
The company is a member of AIM, the London Stock exchange’s international market for smaller growing companies.
The drill programme in Kwale is exploring two prospective areas in the vicinity of the existing operation, which is designed to process ore to recover ilmenite, rutile and zircon.
Their preliminary report reveals:
- Additional mineralisation discovered that extends the footprint of the Kwale South Dune Deposit to the south by 950m and east by up to a further 500m.
- Discovery of a new dunal mineral deposit at Mafisini, a continuation of the Kwale South Dune Deposit mineralisation, with recorded intercepts over a contiguous 1240m of strike and up to 480m in width.
- Discovery of new dunal mineralisation and marine sediments in the NE Sector, adjacent to the Kwale Central Dune.
In 2016, Base sold 236,488 tonnes of ilmenite, 42,796 tonnes of rutile, 17,957 tonnes of zircon and 3,397 tonnes of zircon low grade all of which came from its minerals sands operation.