First Production of Ilmenite & Rutile

ASX, AIM and Media Release

4 December 2013

                     FIRST PRODUCTION OF ILMENITE & RUTILE                      

Base Resources Limited (ASX & AIM: BSE) ("Base") is pleased to advise the
commencement of concentrate processing through the mineral separation plant
("MSP") at the Kwale Project and the first production of ilmenite and rutile.

Following the commissioning of the wet concentrator in early October, the first
heavy mineral concentrate ("HMC") has now been taken through the ilmenite and
rutile circuits of the MSP. Over the next several weeks processing rates are
planned to be ramped up and inventories of rutile and ilmenite built up ahead
of the commencement of bulk shipments in January. A small containerised
shipment is scheduled in December.

Construction work on the zircon circuit of the MSP is now in its final stages
with commissioning expected during January. The majority of the supporting
infrastructure is now complete, with access road, 132kv power supply, tailings
storage facility and Mukurumudzi dam now functionally complete. The Likoni
marine facility is scheduled for completion in early December, well ahead of
the first bulk shipment.

A full PDF version of the 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    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  WA 6005                  Fax: [phone]