Base Resources

Primary ticker: ASX:BSE, AIM:BSE
Stage of development: Production, Development
Primary minerals: Mineral Sands
Project to promote: Kwale Operation and Toliara Project

Live financials

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 Operation in Kenya and is developing the Toliara Project in Madagascar. Base Resources is headquartered in Perth, Western Australia.

Management Profile

Tim Carstens, Managing Director

Mr Carstens is an experienced mining executive, with a career spanning more than 20 years in senior resources-sector roles, both in Australia and overseas.
A chartered accountant by profession, he has strong experience in all aspects of business strategy development and implementation, acquisitions and divestments, debt and equity financing, organisational development and operational performance.
He has been Managing Director of Base Resources since the Company’s inception in May 2008.

What is your rationale for attending 121 Mining Investment?

Base Resources is looking to raise the profile of its existing operation in Kenya and its development project in Madagascar.

What recent news would you like to highlight to investors attending?

Base Resources released the Definitive Feasibility Study for the Toliara Project in Dec 2019 which confirmed a post-tax/pre-debt (real) NPV10 of US$652 million and an average revenue to cost ratio of 3.15 over the initial 33-year mine life.

What are your key goals for the next 3, 6 and 12 months?

6 Months:
Progress offtake and funding arrangements for the Toliara Project.

12 Months:
Progress the Toliara Project to construction and secure mine life extension for the Kwale Operation.

In a sentence, what do you think makes your company such a compelling investment?

Base Resources is a unique mineral sands company with an operating asset in Kenya and a large scale development opportunity in Madagascar.