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.

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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.

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