Feb. 25, 2011 - Base Resources has upgraded the JORC-compliant Resource estimate for the Kwale Project with an increase in resource tonnes, contained mineral and value of the mineral assemblage.
The company is developing the world-class Kwale Mineral Sands Project located in Kenya, East Africa.
Measured and Indicated Resources increased to 7.17 million tonnes at Central and South Dunes for a combined total of 146 million tonnes at 4.89% Total Heavy Mineral (1% cut-off).
Contained mineral increased by 16% for each of rutile and ilmenite but a decreased 3% for zircon.
There was a net 4% increase in assemblage value per resource tonne with increases of 10% and 11% in rutile and ilmenite grade respectively, offsetting an 8% decrease in zircon grade.
The update indicates that 59% of the combined Resource is now in the Measured category and is part of the enhanced definitive feasibility study (EDFS) currently being completed by Base.
The 5% overall increase in resource tonnes is "the result of further drilling to test the extremities of the deposits, partially offset by the exclusion of lower grade material at the bottom of the South Dune," the company said.
This Resource estimate is now forming the basis of the Ore Reserve estimate and detailed mine planning for the purposes of the EDFS which is due for completion in the June quarter of 2011.
The company is developing the world-class Kwale Mineral Sands Project located in Kenya, East Africa.
Measured and Indicated Resources increased to 7.17 million tonnes at Central and South Dunes for a combined total of 146 million tonnes at 4.89% Total Heavy Mineral (1% cut-off).
Contained mineral increased by 16% for each of rutile and ilmenite but a decreased 3% for zircon.
There was a net 4% increase in assemblage value per resource tonne with increases of 10% and 11% in rutile and ilmenite grade respectively, offsetting an 8% decrease in zircon grade.
The update indicates that 59% of the combined Resource is now in the Measured category and is part of the enhanced definitive feasibility study (EDFS) currently being completed by Base.
The 5% overall increase in resource tonnes is "the result of further drilling to test the extremities of the deposits, partially offset by the exclusion of lower grade material at the bottom of the South Dune," the company said.
This Resource estimate is now forming the basis of the Ore Reserve estimate and detailed mine planning for the purposes of the EDFS which is due for completion in the June quarter of 2011.
