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BSE Base Resources Limited

13.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Base Resources Limited LSE:BSE London Ordinary Share AU000000BSE5 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.25 13.00 13.50 13.25 13.25 13.25 75 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 271.43M -4.84M -0.0041 -60.98 295M

Base Resources Limited Kwale Operations impacted by local rainstorms

06/06/2022 7:00am

UK Regulatory


 
TIDMBSE 
 
AIM and Media Release 
 
6 June 2022 
 
BASE RESOURCES LIMITED 
Kwale Operations impacted by local rainstorms 
 
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base 
Resources or the Company) advises that mining at the Company's Kwale Operations 
has been impacted by recent abnormal rainstorms in Kwale County, Kenya.  This 
series of rainstorms over recent days resulted in flash flooding that 
overwhelmed the dewatering systems for the three operating hydraulic mining 
units (HMUs).  Recovery work is underway, with one of three HMUs back in 
operation and delivering approximately 45% of normal mining volumes.  The 
remaining two HMUs are currently not operating as they continue to be dewatered 
and replacement of the pump motors progresses. 
 
While the timing for returning to full mining volumes is uncertain, it is not 
currently expected that the Company's production guidance for financial year 
2022 will need to be revised1. 
 
A further update will be provided once the timing for returning to full mining 
volumes becomes clear. 
 
[Note (1):  Refer to Base Resources' announcement on 19 October 2021 "Quarterly 
Activities Report - September 2021" for the Company's FY2022 production 
guidance.] 
 
ENDS. 
 
For further information contact: 
 
James Fuller, Manager Communications and Investor  UK Media Relations 
Relations 
 
Base Resources                                     Tavistock Communications 
 
Tel: +61 (8) 9413 7426                             Jos Simson and Gareth Tredway 
 
Mobile: +61 (0) 488 093 763                        Tel: +44 (0) 207 920 3150 
 
Email: jfuller@baseresources.com.au 
 
About Base Resources 
 
Base Resources is an Australian based, African focused, mineral sands producer 
and developer with a track record of project delivery and operational 
performance.  The Company operates the established Kwale Operations in Kenya 
and is developing the Toliara Project in Madagascar.  Base Resources is an ASX 
and AIM listed company.  Further details about Base Resources are available at 
www.baseresources.com.au 
 
PRINCIPAL & REGISTERED OFFICE 
Level 3, 46 Colin Street 
West Perth, Western Australia, 6005 
Email:  info@baseresources.com.au 
Phone: +61 (0)8 9413 7400 
Fax: +61 (0)8 9322 8912 
 
NOMINATED ADVISOR 
RFC Ambrian Limited 
Stephen Allen 
Phone: +61 (0)8 9480 2500 
 
JOINT BROKER 
Berenberg 
Matthew Armitt / Detlir Elezi 
Phone: +44 20 3207 7800 
 
JOINT BROKER 
Canaccord Genuity 
Raj Khatri / James Asensio / Patrick Dolaghan 
Phone: +44 20 7523 8000 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 06, 2022 02:00 ET (06:00 GMT)

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