Toliara DFS targeted for Dec completion

The definitive feasibility study for the Toliara mineral sands project, in Madagascar, was due for completion by December this year, ASX-listed Base Resources said on Wednesday.

Speaking at the Paydirt Africa Downunder conference, in Perth, Base MD Tim Carstens noted that a final investment decision on the project was expected by early to mid-2020, allowing for first production in 2022.