Base Resources Raises Mineral Resource Estimate for Kenya Project

Base Resources Raises Mineral Resource Estimate for Kenya Project

By Adria Calatayud


Base Resources Ltd. said Friday that it has raised its estimate for mineral resources for its Kwale mineral-sands operations in Kenya, but cut its estimate for contained heavy mineral.

The mining company, which is listed in Australia and the U.K. said Kwale mineral resources are estimated to be 254 million metric tons as of June 30, up from 246 million tons a year earlier. However, Base’s estimate for Kwale’s contained heavy mineral fell to 4.7 million tons from 4.9 million tons a year before, it said.

The changes were due to an increase in the company’s estimate for the Kwale North Dune deposit and the inclusion of its first estimate for the Bumamani deposit, which was partly offset by mining depletion at the Kwale South Dune deposit, Base said.


Write to Adria Calatayud at adria.calatayud@dowjones.com


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