Base Titanium Limited, the Kenyan subsidiary of Base Resources Limited (ASX & AIM: BSE), is developing the world-class Kwale Mineral Sands Project in Kenya, East Africa. Kwale is an advanced and highly competitive project in a sector with a significant forecast supply shortfall widely expected to emerge in the medium term.
The Kwale project represents an advanced development opportunity with all material project approvals, permits and licenses required for development currently in place, a full definitive feasibility study (“DFS”) having been completed and funding in place.
The Project enjoys a high level of support from the Government of Kenya as well as the local community and, located just 50km from Mombasa, Kenya’s principal port facility, is well serviced by existing physical infrastructure.
Importantly, two pilot plant operations at Kwale provide confidence in processing behaviour and indicate a suite of readily marketable products. The Project’s high value mineral assemblage and low stripping ratio result in a projected revenue to cash cost ratio that would place Kwale in the top quartile of world producers.
Formal project development commenced in October 2011, with physical construction works on the mine access road and Mukurumudzi dam underway and detailed design progressing on the processing plants, port facility, power line and tailings storage.
A realistic development time line should see the Kwale Project in production in 2013.