Kwale (Ti)

Royalty and terms: 1.55% gross revenue royalty
Operator: Visit Base Resources for more information
Primary Commodity: Rutile, Ilmenite, Zircon
Location: Kenya
Reserves and Resources:
  • Proven and probable reserves of 40 Mt at an average heavy mineral (“HM”) grade of 2.7% for 1.1 Mt of contained HM
  • Measured, indicated and inferred resources of 205 Mt at an average heavy mineral (“HM”) grade of 1.7% for 3.5 Mt of contained HM, at a 1% HM cut-off grade
  • FY2022 ended June 30, 2022:
    • 74,349 tonnes of rutile
    • 325,148 tonnes of ilmenite
    • 25,569 tonnes of zircon
    • combined 13,280 tonnes of low-grade rutile and zircon products

Kenya’s first large-scale mining project

  • High grade mine
  • Attractive operating margin
Source: Company disclosure and Osisko management estimates.