Lapse of Unexercised Options

AIM and Media Release 

11 January 2016

BASE RESOURCES LIMITED
Lapse of Unexercised Options

Base Resources Limited (ASX & AIM: BSE) (“Base”) advises that 8.5 million options with an exercise price of A$0.25 and 7.1 million options with an exercise price of A$0.09 have lapsed unexercised following their expiry on 9 January 2016.

The lapsed options were held by (among others) Base directors Tim Carstens (5 million options), Colin Bwye (8.6 million options) and Sam Willis (600,000 options).  The share holdings of each of the directors remains unchanged.

Base now has the following shares, options and performance rights on issue:

• 563,902,771 fully paid ordinary shares.
• 61,425,061 options (exercise price of A$0.40, expiring 31 December 2018).
• 62,527,889 performance rights issued pursuant to the terms of the Base Long Term Incentive Plan.

A PDF version of this release, together with ASX Appendix 3Ys providing further detail of the relevant director holdings, are available from http://www.asx.com.au/ and on the company’s website:  http://www.baseresources.com.au/.

ENDS

CORPORATE PROFILE

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

Company Secretary
Chadwick Poletti

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

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

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

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Warrick Hazeldine / Annette Ellis
Email:[e-mail] /
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / James Njuguna/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]