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Toliara Sands Project

Toliara Sands Project

Base Resources subsidiary, Toliara Sands SARL, operates the 100% owned Toliara Sands Project in south-west Madagascar, 40km north of the regional town and port of Toliara. The Toliara Sands Project is underpinned by the large, high grade Ranobe deposit, and is considered by Base Resources to be one of the best mineral sands development projects in the world.

The Ranobe deposit contains a JORC 2012 compliant Mineral Resource of 857Mt at 6.2% heavy mineral (HM), with 612Mt at 6.7% HM in the Measured and Indicated categories, sufficient to support a 40+ year mine life at a scale similar to the Company’s Kwale Operations. The high HM grade and mineral assemblage of the Ranobe deposit could produce a similar revenue per tonne mined to the Kwale Operations.

The Ranobe deposit benefits from low slimes (<5%), free running sands and no overburden, which should enable a simple mining and tailings methodology, as supported by completed mining trials. Process testwork to date suggests a technically straight forward flowsheet, using conventional mineral sands technologies, for the production of a significant quantity of ilmenite, together with zircon and rutile.

The Ranobe deposit has significant expansion potential and a drill program commencing mid-2018 aims to define the boundaries of the Mineral Resource, upgrade the existing Inferred Resource to Indicated status, and complete an Ore Reserve estimation.

The project is well advanced with mining license and environmental approvals already in place and is currently progressing through accelerated study phases, building on work previously completed and could be expected to commence production in the second half of 2021.

For further information on the Toliara Sands Project please follow this link to the Toliara Sands website