Operational Components of Project Completion Pa...

AIM and Media Release 

1 July 2015

BASE RESOURCES LIMITED
OPERATIONAL COMPONENTS OF PROJECT COMPLETION SUCCESSFULLY PASSED

Base Resources Limited (ASX & AIM: BSE) (“Base”) is pleased to advise that it has successfully passed the operational components of Kwale’s “Project Completion” tests.

All operational requirements for achieving Project Completion have been successfully passed, including the following physical and economic tests conducted over a continuous 90 day test period: mining production throughput; ore grade and ore reserve reconciliation; concentrator and mineral separation plant throughput; individual product recoveries; product quality against offtake contract requirements; minimum quantities of each product shipped; adequacy of both water and power supply over both the test period and the planned future operation; operational practices meeting international standards, including health and safety; operating unit cost per tonne of ore mined and product produced; and compliance with applicable environmental laws, Equator Principles and permit conditions.

Base is working to finalise the remaining regulatory and compliance components of Project Completion, including funding of the debt service reserve account, by the backstop completion date of 30 September 2015.

A full PDF version of this release is 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
Michael Vaughan / Warrick Hazeldine
Email:[e-mail]
[e-mail]
Phone: [phone]

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

KENYA MEDIA RELATIONS
Africapractice (East Africa)
David Maingi/ James Njuguna/Joan Kimani
Phone: [phone]
Email:[e-mail]

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