Vaaldiam Mining Inc VAALF

RE: Kwale

[McLacherty]

KWALE IS LISTED UNDER BASE RESOURCES LTD AUSTRALIA AND TICKER SYMBOL IS BSE. NEWS IS AVAILABLE THERE ----------Original Message Posted 10/26/2010---------- VAA ROYALTY HOLDING Gross Revenue Royalty on more than US$1 billion revenues The Kwale mineral sands project (‘Kwale’ or ‘the project’) is located in Kenya, approximately 40km south of the city of Mombasa, the largest port in East Africa.. Vaaldiam owns a 1.5% gross revenue royalty on all product revenue on Kwale. Kwale Technical Report (PDF) It is conceivable that total revenues for the project could significantly exceed US$1 billion over its 11 year life, returning substantial value to Vaaldiam from the royalty. The operator, Base Resources Ltd (formerly Base Iron Ltd.), (more about Base Resources Ltd.) (‘BRL’) (ASX:BSE) expects Kwale to produce an annual average of 330,000t/yr, 80,000t/yr and 35,000t/yr of ilmenite, rutile and zircon respectively over the first six years of operation from the higher grade Central Dune before declining to average 190,000t/yr, 55,000t/yr and 25,000t/yr over the subsequent five years. BRL quotes respected industry experts TZ Minerals International forecasts of constrained mineral sand supplies increasing ilmenite, rutile and zircon prices to US$125/t, US$690/t and US$1,150/t respectively by 2014. ----------Original Message Posted 10/26/2010 3:48:24 AM---------- https://www.proactiveinvestors.com.au/companies/news/11138/base-resources-moves-kwale-mineral-sands-project-towards-enhanced-dfs-11138.html