Name of the Project
Kwale Operation – Bumamani project.

Location
Kwale County, Kenya.

Project Owner/s
Base Resources.

Project Description
The project will extend the life of Kwale Operation by 13 months, to December 2024.

The Bumamani project comprises higher-grade subsets of the Bumamani and Kwale North Dune deposits, which comprise total ore reserves of 17.9-million tonnes at an average heavy mineral grade of 2.1% for 290 000 t for 0.38-million tonnes of contained heavy minerals.

An additional 17.9-million tonnes of ore reserves are expected to be mined to produce an estimated 42 000 t of rutile, 171 000 t of ilmenite and 20 000 t of zircon. The definitive feasibility study proposes hydraulic mining using Kwale operations’ existing hydraulic mining units (HMUs). This mining method is nonselective, with HMUs using high-pressure water jets to sluice the entire ore face, creating an ore slurry that can then be pumped to the wet concentrator plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$28.1-million.

Planned Start/End Date
Mining at the Kwale North Dune is expected to start in March 2023.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Base Resources manager, communications and investor relations James Fuller, tel +61 8 9413 7426 or email jfuller@baseresources.com.au.