Base transitions to South Dune

Base Resources announced that it has completed the transition of mining operations to the South Dune orebody at its Kwale operations, with mining rates now back to nameplate capacity.

Doral to buy MZI

The voluntary administrators of MZI Resources announced that they have executed an agreement with Doral Mineral Sands for the sale of the Keysbrook mineral sands mine and associated assets for A$32 million plus future landowner debt

Sheffield Resources secures US$10 million bridging facility

Sheffield Resources advised that it has mandated Taurus Mining Finance Fund and Taurus Mining Finance Annex Fund to provide a US$10 million bridging finance facility.

Lomon Billions acquires further equity in Xinli

Lomon Billions Group announced the acquisition of a further 26.18% of the equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd (Xinli) for RMB53.4 million (US$7.7 million) taking its total equity interest in Xinli to 94.28%.

Sheffield starts BFS update

Sheffield Resources advised that it has commenced an update to the BFS for its Thunderbird project. The updated BFS is expected to be finalised during early Q3 2019.