Tag: #Ilmenite

Base Resources confirms strong Toliara economics in PFS

Base Resources confirms strong Toliara economics in PFS

Base Resources (ASX:BSE) has been quite active in Madagascar lately, and this has now resulted in the publication of a pre-feasibility study on the Toliara mineral sands project on the island. The economic study calls for an initial capex of just US$439M to build a 13 million tonnes per year […]

Base Resources increases Ranobe resource by lowering the cut-off grade

Base Resources increases Ranobe resource by lowering the cut-off grade

Base Resources (ASX:BSE) has published an updated resource estimate at the Ranobe zone, which is a part of its Toliara mineral sands project. This project in Madagascar was acquired about a year ago, and Base Resources has been working hard to complete economic studies on this project as it’s aiming […]

MZI Resources has updated the Keysbrook resource

MZI Resources has updated the Keysbrook resource

MZI Resources (ASX:MZI) has released an updated ore reserve estimate of 58 million tonnes at 2.3% heavy minerals (compared to 72 million tonnes at 2.2% heavy minerals eighteen months ago). Based on the anticipated 5.25 million tonnes per year operating plan, the reserve-based mine life at Keysbrook is approximately 10-11 […]

Base Resources increases Kwale South resource to 114 million tonnes

Base Resources increases Kwale South resource to 114 million tonnes

Base Resources (ASX:BSE, BSE.L) is working hard to try to extend the mine life of the Kwale mineral sands project in Kenya as it published an updated resource statement increasing the Kwale South Dune resource to 114 million tonnes, a 29% increase. The average grade of the mineral sands decreased […]

Base Resources: surfing on the waves of higher commodity prices

Base Resources: surfing on the waves of higher commodity prices

After several difficult years, it looks like Base Resources (ASX:BSE, LON:BSE) is finally turning a corner as it reported a net income and a very strong cash flow result in its financial year 2017 which ended on June 30th. During FY 2017, Base shipped 502,000 tonnes of ilmenite, 92,000 tonnes […]

Sheffield Resources publishes an updated resource estimate at Thunderbird

Sheffield Resources publishes an updated resource estimate at Thunderbird

Sheffield Resources (ASX:SFX) is still advancing its Thunderbird mineral sands project in Western Australia and has now released an updated resource estimate. The current resource at Thunderbird contains approximately 3.2 billion tonnes of ore at an average grade of 6.9% heavy minerals. Approximately 80% of this resource (based on a […]

Broken Hill Prospecting increases the Copi North resources

Broken Hill Prospecting increases the Copi North resources

Broken Hill Prospecting (ASX:BPL) has increased the size of its Copi North resource by 22% to 14.2 million tonnes, but what’s more important is the fact 77% of the total resource is now in the indicated category (11 million tonnes compared to just7 million tonnes in the previous resource estimate). […]

Broken Hill Prospecting could be the new kid in ilmenite-town

Broken Hill Prospecting could be the new kid in ilmenite-town

Broken Hill Prospecting (ASX:BPL) has announced a maiden resource estimate at its Copi North heavy mineral sands deposit in New South Wales. The first resource estimate contains 11.6 million tonnes with approximately 3.75% ilmenite, 0.75% rutile and 0.8% zircon. Using the approximate current market values for those minerals, the project […]

Be prepared for a weak quarter at Kenmare’s Moma mine

Be prepared for a weak quarter at Kenmare’s Moma mine

As the zircon and rutile prices were increasing again in the past few months, we wanted to check up on Kenmare Resources’ (KMR.L) performance as this highly-levered company might be a good way to benefit from increasing mineral sands prices. Unfortunately, when we checked the Chinese imports of zircon in […]

Sheffield Resources has increased the Thunderbird resource estimate

Sheffield Resources has increased the Thunderbird resource estimate

Sheffield Resources (ASX:SFX), which seems to own one of the largest heavy mineral sands projects in the world has released some more updates on its Thunderbird project. The total resource estimate now contains 3.24 billion tonnes of ore containing 0.57% zircon and 1.9% ilmenite. More importantly, there’s a higher grade […]

Sheffield’s pre-feasibility study is a bit disappointing

Sheffield’s pre-feasibility study is a bit disappointing

Sheffield Resources (ASX:SFX) has released the PFS on its Thunderbird mineral sands project, something we had been looking forward to for quite a while. Unfortunately the outcome is a bit disappointing as the capital expenditures are higher than expected (almost A$395M) and even though the company says the project will […]