Base releases FY 2019 report

Base Resources released financial year results for 2019. Production at its Kwale mine was in line with updated guidance with 92,393 tonnes of rutile, 402,698 tonnes of ilmenite and 31,941 tonnes of zircon. Base said the average price improvement for both rutile (22% increase) and zircon (28% increase) increased revenue by 5% to US$209.5 million.