Base Resources Limited exploration licence has be expanded to cover more land area surrounding its Kwale Mineral Sands Operations in Kenya and expects to commence the drilling program in September.
This follows a successful airborne geophysics programme conducted in 2015, covering the south coast region of Kenya from Mombasa to the Tanzanian border, which identified a series of exploration targets that were subsequently confirmed through ground reconnaissance.
The initial program will comprise up to 18,000 metres of aircore drilling.
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In addition to an extension of the Company’s Special Prospecting Licencee 173 (“SPL 173”), which now covers an area of 177km2 , Base Resources has also applied for an additional SPL covering an area of 136km2 extending south west from SPL 173 towards the Tanzanian border.
This licence application is advancing through the granting process, having been approved by the licensing committee of the Kenyan Ministry of Mining.
With the Kwale Operations consistently performing to plan, the extension of Base Resources’ tenure footprint and commencement of drilling in pursuit of mine life extension represents a notable shift in the Company’s focus and a clear statement of intent, the company said today in a press statement.
“With Kwale at steady state production and having mined 22.2 million tonnes since commissioning in October 2013,” Base Resources’ Managing Director, Tim Carstens, said, “we are excited by the prospectivity of the new tenement area and the potential to further extend the mine life of the Kwale Operations.”
Will Kwaleans benefit from this?