Kenyan Exploration Projects
Base has acquired an option to purchase three further exploration projects from Vaaldiam, Mambrui, Kilifi and Vipingo. These projects, which are located along the coast to the north of Mombassa, have a combined JORC compliant Mineral Resource as previously reported by Vaaldiam, of 1,388 million tonnes at 3.8% THM (1,111 million tonnes at 3.7% THM “Indicated” and 278 million tonnes at 4.1% THM “Inferred”).
| Dune | Classification | tonnes x106 | THM (%) | tonnes HMC x106 |
|---|---|---|---|---|
| Kilifi | Indicated | 809.7 | 3.2 | 25.9 |
| Kilifi | Inferred | 148.4 | 3.4 | 5.0 |
| Mambrui | Indicated | 301.4 | 5.1 | 15.4 |
| Mambrui | Inferred | 129.3 | 4.8 | 6.2 |
| All | Total | 1,338.8 | 3.8 | 52.5 |
These Exploration Projects present a range of significant potential expansion opportunities for further consideration. A preliminary confirmatory drilling program was commenced in November 2011, on the Kilifi and Mambrui projects to test depth, grade and geometallurgical domains. This will be followed b a bulk sampling program for metallurgical testwork during the course of 2012.
COMPETENT PERSONS STATEMENT
Information on this website that relates to mineral resources at the Kilfi and Mambrui Projects is based on infomation compiled by Snowden Mining Industry Consultants in 2005 and reviewed by Mr Terry Parker. Mr Parker is a Fellow if the Australian Institute of Mining and Metallurgy (AusIMM) and is currently employed by Snowden.
Mr Parker has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as definied in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‘. Mr Parker consents to the inclusion on this website of the information based on his work in the form and context in which it appears on the basis that no additional information has been obtained since the 2005 information.