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Base receives Vanga exploration permit

Base Resources (ASX:BSE) has been granted a three-year prospecting licence in Kenya’s Vanga area, which the company plans thinks could extend the life of its Kwale mineral sands operation.
Base receives Vanga exploration permit Base receives Vanga exploration permit Base receives Vanga exploration permit Base receives Vanga exploration permit Base receives Vanga exploration permit

Base Resources is looking to extend the mine life of its Kwale mineral sands operations in Kenya

Staff reporter

Base applied for the licence, which covers 136sq.km from the southwest of Kwale towards the Tanzania border, after an airborne geophysical and radiometric survey identified a series of promising exploration targets.

The company has started preparatory activities at the licence area, with a drill programme planned for 2019.

Managing director Tim Carstens said receipt of the licence was an important step to possibly extending Kwale's 13-year mine life.

Base's shares fell 2.08% Thursday in Australia trading to A24c (US17c), although in London trading was up 1.72% Thursday mroning to 14.75p (US18.85c).