Base Resources was founded in 2008 to enrich our people, our communities in which we operate and our shareholders through the creative development of mineral resources.

The Company acquired the Kwale Mineral Sands Project in 2010. Construction at Kwale commenced in 2011 and mining started on the Central Dune in October 2013, with the first shipment of product out of the Company’s dedicated Likoni port facility in February 2014.

In 2018, the Kwale Phase 2 expansion project was completed leading to an increase in mining rates. In June 2019, following the depletion of the Central Dune orebody, mining operations were transitioned to the South Dune orebody.

 

In January 2018, Base Resources acquired the Toliara Sands Project in Madagascar and is currently progressing through an accelerated study phase.

Timeline

2008

Base Iron is listed on the ASX as an iron ore exploration company

2010

The Company changes its name to Base Resources and acquires the Kwale Mineral Sands Project in Kenya as a development project

2011

Base Resources completes a feasibility study on the Kwale Project and commences construction

2012

Base Resources continues to progress Kwale construction

2013

The Company lists on AIM and commences production in December

2014

First shipment of product from Kwale Operations

2015

428kt ilmenite, 71kt rutile and 22kt zircon produced in FY16

2016

Base Resources exceeds production guidance in FY16

2017

The Company commences Kwale Phase 2 project to increase mining rates at Kwale to 2,400 tph

2018

Base Resources acquires the Toliara Project

2019

Mining commences on Kwale South Dune and the Toliara Project Definitive Feasibility Study is completed