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Kwale (Ti)

Royalty and terms: 1.5% gross revenue royalty
Operator: Base Resources
Visit Base Resources for more info
Primary Commodity: Titanium
Location: Kenya
Reserves and Resources1: Proven and probable reserve of  91.3Mt at an average heavy mineral (“HM”) grade of 4.3%

Measured and indicated resources of 147.3Mt at an average heavy mineral (“HM”) grade of 3.5% and 25% slimes containing 5.15Mt heavy mineral (“HM”), based on a 1% HM cut-off grade.

(“HM”) heavy mineral

Status: Production
Production: 1.6k GEOs in full year 2017
2017 production guidance of 88-95k tonnes Rutile, 450-480k tonnes Illmenite and 36-40k tonnes Zircon


Kenya’s first large-scale mining project

  • Kenya’s first large-scale mining project
  • High grade mine with attractive operating margin

 

Source: Company disclosure and Osisko management estimates
(1) Inclusive of reserves