RFC Ambrian congratulates Base Resources on the acquisition of the Toliara Sands Project in Madagascar. The acquisition will be funded by a A$100m combined placement and entitlements offer for which RFC Ambrian acted as Offer Manager and partial Underwriter. This is a transformational deal for Base Resources and represents a significant step in the execution of Base’s strategic plan.
Toliara Sands is one of the best mineral sands development projects in the world and Base Resources are very well placed to drive development of the project, given their outstanding performance during construction and operation of the Kwale mine in Kenya.
