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BASE RESOURCES LIMITED - Kwale North and Bumamani Resources Estimates
PR Newswire
Key Points
As part of the pre-feasibility study currently underway to assess the viability of mining the Kwale North Dune and Bumamani deposits, seeking to extend the mine life of Kwale Operations, additional drilling and mineralogy assessments have been conducted.
The Kwale North Dune Mineral Resources estimate has increased by 13% to 194 million tonnes at an average HM grade of 1.5%, containing 2.9Mt HM, based on a 1% HM cut-off grade.
99% of the Kwale North Dune Mineral Resources estimate is now reported in the Measured and Indicated categories.
The maiden Bumamani Mineral Resources estimate is 5.9 million tonnes at an average HM grade of 1.9%, containing 0.115Mt HM, based on a 1% HM cut-off grade.
Unilever
(Shares Magazine) Shares in Unilever have been “out of favour” since November, when the market began to prefer value stocks to “expensive defensive” companies such as the consumer-goods giant. Disappointing full-year results released in early February have also dampened sentiment, but this dip presents the best buying opportunity in a year. Over the past decade the stock has delivered a 204% return compared with 71% from the FTSE All-Share index. Its products are in demand “in both good and bad economic conditions”; and “it is delivering on positive environmental, social and governance factors”. Buy.
3,974p
DS Smith
(Mail on Sunday) One of the largest listed companies in the UK, paper and packaging group DS Smith’s half-year figures were affected by the pandemic. Sales declined, costs rose and profits slipped by 54% to £97m. But confidence continues to grow and a strong rebound is predicted for the company, which specialises in cardboard boxes for