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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Base Resources Limited    BSE   AU000000BSE5

BASE RESOURCES LIMITED

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Base Resources Limited : - Toliara Project drill assays reveal significant additional high grade mineralization

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01/21/2020 | 10:21am EST

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to release initial assay results from recent drilling on the Ranobe mineral sands deposit in Madagascar.

The Toliara Project is based on the Ranobe deposit, located 45km north of Toliara in south west Madagascar on a 125.4 km2 mining lease (Permis d'Exploitation 37242). The deposit comprises a single continuous body of mineralisation approximately 20km long, 1.5km to 5.5km wide and 3m to 100m in thickness and situated immediately west of a prominent north south escarpment with mineralisation (including ilmenite, rutile and zircon) extending from the surface. The Ranobe deposit is host to the Ranobe Mineral Resources estimate (1.3 billion tonne @ 5.1% HM and 6.4% slimes) and the Ranobe Ore Reserves estimate (586 million tonne @ 6.5% HM and 3.9% slimes).

Over the course of 2018 and 2019, the Company completed 29,753m of drilling from 770 holes to test the extent of mineralisation to the west of the existing Ranobe Mineral Resources and at depth. While assaying is still ongoing, with only 67% of samples completed to date, results received show some material heavy mineral (HM) intercepts, particularly in the lower sand unit (LSU) to the west of the current Ranobe Ore Reserves.

Contact:

Tel: +618 9413 7400

Fax: +618 9322 8912

Email: info@baseresources.com.au

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (AUD)
Sales 2020 281 M
EBIT 2020 54,3 M
Net income 2020 34,8 M
Finance 2020 110 M
Yield 2020 -
P/E ratio 2020 11,9x
P/E ratio 2021 27,8x
EV / Sales2020 0,62x
EV / Sales2021 0,91x
Capitalization 284 M
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Number of Analysts 1
Average target price 0,34  AUD
Last Close Price 0,25  AUD
Spread / Highest target 36,0%
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Timothy James Carstens Managing Director & Executive Director
Keith William Spence Non-Executive Chairman
Colin Bwye Executive Director & Executive Director-Operations
Kevin Balloch Chief Financial Officer
Samuel John Corbin Willis Independent Non-Executive Director
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