Base Resources Limited to start Drilling program

Base Resources Limited is set to commence a drilling program in September this year. This is according to a report send to the media which stated that the company has been granted exploration tenure over a significantly expanded land area surrounding their Kwale Mineral Sands Operations.

The proposed drilling program follows a successful airborne geophysics program, conducted in 2015, covering the south coast region of Kenya from Mombasa to the Tanzanian border, which identified a series of exploration targets that were subsequently confirmed through ground reconnaissance.

The initial program will comprise up to 18,000 meters of air core drilling.

In addition to an extension of the Company’s Special Prospecting License 173 (“SPL 173”), which now covers an area of 177km2, Base Resources has also applied for an additional SPL covering an area of 136km2 extending south-west from SPL173 towards the Tanzanian border.

This license application is advancing through the granting process having been approved by the licensing committee of the Kenyan Ministry of Mining. With the Kwale Operations consistently performing to plan, the extension of Base Resources’ tenure footprint and commencement of drilling in pursuit of mine life extension represents a notable shift in the Company’s focus and a clear statement of intent.

“With Kwale at steady state production and having mined 22.2 million tons since commissioning in October 2013, we are excited by the perspectivity of the new tenement area and the potential to further extend the mine life of the Kwale Operations.” Said Tim Carstens, the Managing Director of Base Resources.

Base Resources Limited is a mineral sands producer, focused on the Kwale Mineral Sands Operations in Kenya, East Africa. In late 2013 the Company commenced production of ilmenite, rutile and zircon, with first export sales in early 2014.