Quarterly Cashflow Report

ASX, AIM and Media Release

30 July 2013

BASE RESOURCES LIMITED

QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 30 JUNE 2013

Appendix 5B Summary - Consolidated Statement of Cash Flows

                                              Current Quarter    Year to Date
                                                                  (12 months)
                                                       $A'000          $A'000
                                                                             
CASH FLOWS RELATED TO OPERATING ACTIVITIES                                   
                                                                             
Receipts from product sales and related                     -               -
debtors                                                                      
                                                                             
Payments for:                                                                
                                                                             
  * exploration & evaluation                                -               -
                                                                             
  * development                                             -               -
                                                                             
  * production                                              -               -
                                                                             
  * administration                                    (1,532)         (6,394)
                                                                             
Dividends received                                          -               -
                                                                             
Interest and other items of a similar nature                -               -
received                                                                     
                                                                             
Interest and other costs of finance paid                    -               -
                                                                             
Income taxes paid                                           -               -
                                                                             
Other (provide details if material)                         -               -
                                                                             
Net operating cash flows                              (1,532)         (6,394)
                                                                             

CASH FLOWS RELATING TO INVESTING ACTIVITIES                                  
                                                                             
Payment for purchases of:                                                    
                                                                             
  * prospects                                               -               -
                                                                             
  * equity investments                                      -               -
                                                                             
  * other fixed assets                               (10,434)        (11,345)
                                                                             
  * mine development                                 (62,470)       (217,097)
                                                                             
  * exploration                                         (447)         (1,239)
                                                                             
Proceeds from sale of:                                                       
                                                                             
  * prospects                                               -               -
                                                                             
  * equity investments                                      -               -
                                                                             
  * other fixed assets                                      -               -
                                                                             
Loans to other entities                                     -               -
                                                                             
Loans repaid by other entities                              -               -
                                                                             
Other (provide details if material)                                          
                                                                             
  * interest received                                     264           2,795
                                                                             
  * security deposits paid                               (29)              47
                                                                             
Net investing cashflows                              (73,116)       (226,839)
                                                                             
Total operating and investing cash flows             (74,648)       (233,233)
                                                                             

CASH FLOWS RELATED TO FINANCING ACTIVITIES                                   
                                                                             
Proceeds from issues of shares, options, etc.             126          37,852
                                                                             
Proceeds from sale of forfeited shares                      -               -
                                                                             
Proceeds from borrowings                               53,897         175,892
                                                                             
Repayment of borrowings                                     -               -
                                                                             
Dividends paid                                              -               -
                                                                             
Other (provide details if material)                         -               -
                                                                             
Net financing cash flows                               54,023         213,744
                                                                             
Net increase (decrease) in cash held                 (20,625)        (19,489)
                                                                             
Cash at beginning of quarter/year to date             108,655         105,806
                                                                             
Exchange rate adjustments                              10,093          11,806
                                                                             
CASH AT THE END OF THE QUARTER                         98,123          98,123


A full PDF of this announcement is available at the Company's website: 
www.baseresources.com.au.


ENDS


For further enquiries contact:

Base Resources Limited
Tim Carstens
Managing Director
Email: [e-mail]
Phone: [phone]

RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser                  As Broker
Andrew Thomson or Trinity McIntyre    Caspar Shand-Kydd
Phone: [phone]              Phone: [phone]

Tavistock Communications (UK Media Relations)
Jos Simson/ Jessica Fontaine/ Emily Fenton
Phone: [phone]

Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: [e-mail]
[e-mail]
Phone : [phone]

Corporate Details:

Board of Directors:
Andrew King            Non-Executive Chairman
Tim Carstens           Managing Director 
Colin Bwye             Executive Director
Sam Willis             Non-Executive Director
Michael Anderson       Non-Executive Director
Trevor Schultz         Non-Executive Director
Malcolm Macpherson     Non-Executive Director
Winton Willesee        Non-Executive Director/ Company Secretary

Principal & Registered Office:        Contacts:
Level 1                               Email: [e-mail]
50 Kings Park Road                    Phone: [phone]
West Perth WA 6005                    Fax: [phone]

About Base Resources

Base Resources Limited is an ASX and AIM listed (BSE) resources developer, with
a portfolio of assets in Africa. Its flagship project is the Kwale Mineral
Sands Project ("Kwale") in Kenya, East Africa. Kwale is fully funded and with
construction nearing completion, the project is on schedule to commence
production and shipment of a high-value assemblage of rutile, ilmenite and
zircon minerals in the latter half of 2013.

Kwale is expected to generate a cash surplus of more than US$1 billion over its
13-year mine life. With a front-ended production profile forecast to deliver an
enviable cash flow of more than US$500 million in the first 5 years of
operations, Kwale will provide a strong foundation for Base's emergence as a
significant global resources company.