Brief: Base Resources Says Kwale Operations Impacted By Local Rainstorms

Base Resources

06/06/2022 02:30

June 6 (Reuters) - Base Resources Ltd  BSE.AX :
    * KWALE OPERATIONS IMPACTED BY LOCAL RAINSTORMS-BSE.AX
    * MINING AT COMPANY'S KWALE OPERATIONS HAS BEEN IMPACTED BY
RECENT
ABNORMAL RAINSTORMS IN KWALE COUNTY, KENYA
    * TIMING FOR RETURNING TO FULL MINING VOLUMES IS UNCERTAIN
    * NOT CURRENTLY EXPECTED THAT CO'S PRODUCTION GUIDANCE FOR
FY 2022
WILL NEED TO BE REVISED
    * SERIES OF RAINSTORMS OVER RECENT DAYS RESULTED IN FLASH
FLOODING
THAT OVERWHELMED DEWATERING SYSTEMS FOR THREE OPERATING HMUS
    * RECOVERY WORK IS UNDERWAY AT KWALE OPERATIONS, WITH 1 OF 3
HMUS
BACK IN OPERATION AND DELIVERING ABOUT 45% OF NORMAL MINING
VOLUMES

Source text for Eikon:  ID:nASXbrrFDh 
Further company coverage:  BSE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))