(Ecofin Agency) - Today May 15, ASX and AIM-listed company Base Resources, appointed two firms including Mineral Technologies and Lycopodium to carry out a prefeasibility study for its Toliara mineral sands project in Madagascar.
Both firms have strategically aligned to combine technical, advanced innovation and project execution skills to support Base Resources. “As a team, Mineral Technologies and Lycopodium have previously undertaken studies and projects in minerals sands, including previous work on the Toliara Sands Project, and are known throughout Africa for delivery of robust and fit for purpose mineral processing plants,” the company indicated in a statement.
Set to be completed by the first (1st) quater of 2019, this PFS will focus on the significant work accomplished by the project’s previous owners and pave the way for a fast track feasibility study program. The goal is to enable construction before the second half of 2019.
Let’s recall that Base Resources also operates Kwale project in Kenya. It acquired Toliara project last December following an agreement clichéd with World Titane Holdings.