Base Resources (ASX:BSE) upgrades production guidance

Company News

by Katrina Bullock

African mineral sands producer, Base Resources (ASX:BSE) has upgraded its production guidance for its Kwale Mineral Sands Operations in Kenya.

Since commencing mining in the area, the Company has encountered higher rutile and marginally lower ilmenite than expected, with zircon largely as forecast.

Separation efficiency has improved.

With the expectation that these trends will continue production guidance for rutile, ilmenite and zircon has been revised upwards for the 2020 financial year.

Shares in Base Resources (ASX:BSE) are trading flat at $0.23.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.