Appointment of Mineral Technologies & Lycop...

AIM and Media Release

15 May 2018

BASE RESOURCES LIMITED
Change in Director Interests

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to announce the appointment of partners Mineral Technologies and Lycopodium to deliver the Pre-Feasibility Study (PFS) for the Company’s Toliara mineral sands project (Toliara Sands Project) in the south-west of Madagascar.

Mineral Technologies and Lycopodium have strategically aligned to bring together industry leading innovation and technical and project delivery skills to support Base Resources in delivery of the world class Toliara Sands Project PFS.  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.

Base Resources anticipates PFS completion in the March quarter of 2019.  The PFS will build on the considerable body of work completed by previous owners of the Toliara Sands Project and together form the foundations of an accelerated feasibility study program that aims to advance the project toward a decision to proceed to construction in the second half of 2019.

ENDS.

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)
Diane Radley (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKERS
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Joint Broker:
Jonathan Williams
Phone: [phone]

Numis Securities Limited
As Joint Broker:
John Prior / James Black / Paul Gillam
Phone:  [phone]

SHARE REGISTRY:  ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
www.computershare.com.au

SHARE REGISTRY:  AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
www.computershare.co.uk

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Andrew Rowell
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Barnaby Hayward
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / Joan Kimani
Phone: [phone]
Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: [e-mail]
Phone: [phone]
Fax: [phone]