Commencement of Mining at Kwale
ASX, AIM and Media Release
8 October 2013
COMMENCEMENT OF MINING AT KWALE
Base Resources Limited (ASX & AIM:BSE) ("Base") is pleased to advise the
commencement of ore processing through the mining unit and wet concentrator at
the Kwale Project.
Following two weeks of water commissioning and control logic testing, the first
ore from the central dune has now been taken through the dozer trap mining unit
and the wet concentrator. Over the next several weeks mining and processing
rates are planned to be ramped up and a stockpile of concentrate built up ahead
of the commissioning of the mineral separation plant ("MSP").
Construction work on the MSP is now in its final stages with commissioning of
the ilmenite and rutile circuits and commencement of concentrate processing
expected during November. This will be followed by the zircon circuit in
December. While some small container shipments are planned during December, the
bulk shipments of finished product are now scheduled to commence in January.
The majority of the supporting infrastructure is now complete, with the access
road, 132kv power supply, tailings storage facility and Mukurumudzi dam now
functionally complete. The Likoni marine facility is scheduled for completion
in November, well ahead of the first bulk shipment.
A full PDF version of this announcement is available at the Company's website:
www.baseresources.com.au.
ENDS.
For further enquiries contact:
Base Resources Limited
Tim Carstens
Managing Director
Phone: +61 (0)8 9413 7400
RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser As Broker
Andrew Thomson or Trinity McIntyre Jonathan Williams
Phone: +61 (8) 9480 2500 Phone: +44 20 3440 6800
Africapractice (East Africa) (Kenyan Media Relations)
David Maingi/ James Njuguna/Joan Kimani
Phone: +254 (0)20 239 6899
Email: jkimani@africapractice.com
Tavistock Communications (UK Media Relations)
Jos Simson/ Emily Fenton/ Nuala Gallagher
Phone: +44 (0) 207 920 3157
Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: aellis@canningspurple.com.au
whazeldine@canningspurple.com.au
Phone : +61 (8) 6314 6300
Corporate Details:
Board of Directors:
Andrew King Non-Executive Chairman
Tim Carstens Managing Director
Colin Bwye Executive Director
Sam Willis Non-Executive Director
Michael Anderson Non-Executive Director
Trevor Schultz Non-Executive Director
Malcolm Macpherson Non-Executive Director
Winton Willesee Non-Executive Director/ Company Secretary
Principal & Registered Office: Contacts:
Level 1 Email: info@baseresources.com.au
50 Kings Park Road Phone: (08) 9413 7400
West Perth WA 6005 Fax: (08) 9322 8912
About Base Resources
Base Resources is an ASX listed (BSE) resources developer, with a
portfolio of assets in Africa. Its flagship is the $305 million Kwale Mineral
Sands Project in Kenya, East Africa.
After repayment of debt, Kwale is expected to generate a cash surplus
approaching US$900 million over its 13-year mine life. With a front-ended
production profile forecast to deliver an enviable cash flow of $450 million in
the first 5 years of operations, Kwale will provide a strong foundation for
Base Resources' emergence as a significant global resources company.
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