Share Price

Base Resources - ASX and AIM Code: BSE. Share price by Iguana2)


  • 12/11/2019 TZMI Congress presentation
    View Document
  • 07/11/2019 Toliara Project – Government of Madagascar stateme...
    View Document
More announcements >>

Toliara Project

Toliara Project

Base Resources subsidiary, Base Toliara, operates the 100% owned Base Toliara Project in south-west Madagascar, 40km north of the regional town and port of Toliara. The Toliara 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 1,293Mt at 5.1% heavy mineral (HM), with 794Mt at 5.8% 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.

An artistic representation of the possible future development of the Toliara Project is available here.

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