Base Resources closes Mukurumudzi Dam

AIM-listed mineral mining company Base Resources has closed the Mukurumudzi Dam in Kenya.

The Mukurumudzi Dam is the primary water resource for the company's Kwale Project and has a storage capacity of 8.5 gigalitres.

As a consequence, the company said that closing the dam ahead of the region's impending wet season was critical in ensuring sufficient process water would be available before the commissioning of the processing plant.

Commissioning of the processing plant remained on schedule for practical completion in the third quarter of the year, the company added.

A statement issued by Base Resources described the closure of the dam as a "key milestone in the development of its Kwale Mineral Sands Project" in the East African country.

Base Resources' share price was up 0.96% to 26.25p at 08:00 on Tuesday.

MF