Quarterly Cashflow Report

ASX, AIM and Media Release

25 July 2014

BASE RESOURCES LIMITED

QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 30 JUNE 2014

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                22,442          22,442
debtors                    

Payments for:                                                                
  * exploration & evaluation                                -               -
  * Kwale operations                                  (14,706)        (14,706)
  * administration and external affairs                (2,690)         (9,469)
  * community development                                (931)         (1,899)

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                                 4,115         (3,632)
                                                                             

CASH FLOWS RELATING TO INVESTING ACTIVITIES                                  
                                                                             
Payment for purchases of:                                                    
  * prospects                                               -               -
  * equity investments                                      -               -
  * other fixed assets                                 (1,058)         (5,137)
  * mine development                                        -        (106,643)
  * exploration                                           (28)           (199)
                                                                             
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                                      43             355
  * security deposits paid                                (77)           (348)
                                                                             
NET INVESTING CASH FLOWS                               (1,120)       (111,972)
                                                                             
TOTAL OPERATING AND INVESTING CASH FLOWS                2,995        (115,604)
                                                                             

CASH FLOWS RELATED TO FINANCING ACTIVITIES                                   
                                                                             
Proceeds from issues of shares, options, etc.               -               -
                                                                             
Proceeds from sale of forfeited shares                      -               -
                                                                             
Proceeds from borrowings                                    -          48,654
                                                                             
Repayment of borrowings                                     -               -
                                                                             
Dividends paid                                              -               -
                                                                             
Other (provide details if material)                    (9,898)         (9,991)
                                                                             
NET FINANCING CASH FLOWS                               (9,898)         38,663
                                                                             

Net increase (decrease) in cash held                   (6,903)        (76,941)

Cash at beginning of quarter/year to date              27,768          98,123

Exchange rate adjustments                                  80            (237)
                                                                             
CASH AT THE END OF THE QUARTER                         20,945          20,945


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


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    Jonathan Williams
Phone: [phone]             Phone: [phone]

Africapractice (East Africa) (Kenyan Media Relations)
David Maingi/ James Njuguna/Joan Kimani
Phone: [phone]
Email: [e-mail]

Tavistock Communications (UK Media Relations)
Jos Simson / Emily Fenton / Nuala Gallagher
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
Michael Macpherson   Non-Executive Director
Winton Willesee      Company Secretary

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