Base Resources' Q1 2020 Activities Report
April 16, 2020
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent announcement made by Base Resources Limited (“Base”) of that company’s Q1 2020 activities report. Base is the operator of the Kwale mineral sands project located in Kenya, on which Elemental Royalties holds a 0.25% GRR royalty.
Elemental is pleased to note the positive report from Base, which confirms the Kwale operations continue uninterrupted with additional health and safety procedures implemented to minimise the risk of COVID-19 to personnel and surrounding communities. Production has increased from Q4 2020 with ongoing sound demand from customers. Ilmenite and rutile prices continuing to strengthen in the quarter while zircon prices reduced slightly. Base also confirm that, on the basis of continued operations, FY2020 production guidance is maintained.
The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.
About Elemental Royalties Limited
Elemental provides investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.
Since early 2017 Elemental has assembled a portfolio of six royalties over seven commodities in five countries, five of which cover producing mines. Immediate cash-flow has enabled Elemental to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.
Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.
For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:
|Elemental Royalties Limited|
|T: +44 (0)203 983 7040|
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