Base Resources enjoys robust performance at Kwale in FY23
–News Direct–
Base Resources Limited (AIM:BSE, ASX:BSE) CFO Kevin Balloch gives Proactive an overview of the companys FY23 highlights. Higher prices across all products helped deliver an EBITDA of US$158.6 million and cash flows from operations of US$117.4 million.
Base produced 68,814 tonnes of rutile, 297,861 tonnes of ilmenite, 25,954 tonnes of zircon and a combined 18,330 tonnes of low-grade rutile and zircon products from the Kwale Operations. Looking ahead, he says the Toliara project in Madagascar remains a significant growth opportunity for the company.
The 2023 financial year has been another operationally and financially successful one. Strong operational performance, coupled with the continuation of buoyant mineral sands markets, has delivered a record EBITDA for Kwale Operatio...