8th Jan 2013 07:00
BASE RESOURCES LIMITED - Admission to Trading on AIMBASE RESOURCES LIMITED - Admission to Trading on AIM
PR Newswire
London, January 8
Admission to Trading on London's AIM Market
Base Resources Limited (ASX:BSE; AIM:BSE) ("Base" or the "Company") is pleasedto announce that its ordinary shares will be admitted to trading on the AIMMarket of the London Stock Exchange ("AIM") effective 8:00am (GMT) today, underthe ticker code "BSE".
The compliance listing on AIM is in addition to the Company's existing listingon the ASX and is part of a strategy to expand its international profile andcapitalise on substantial UK and European investor interest in the Company andits Kwale Mineral Sands Project ("Kwale Project"). AIM is recognised as one ofthe world's leading exchanges for junior resource companies, with a significantpeer group, analyst coverage and institutional investor following of companiesactive in Africa.
Further information on Base Resources and Base Titanium, the wholly ownedKenyan subsidiary developing the Kwale Project, is available at www.baseresources.com.au and www.basetitanium.com.
RFC Ambrian Limited is acting as the Company's nominated adviser and broker forthe AIM admission.
A full PDF version of this announcement is available at the Company's website: www.baseresources.com.au.
ENDSContacts:Base Resources LimitedTim CarstensManaging DirectorEmail: [email protected]: +61 (8) 9413 7400RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser
As BrokerAndrew Thomson or Trinity McIntyre Caspar Shand-KyddPhone: +61 (8) 9480 2500
Phone: +44 20 3440 6800Tavistock Communications (UK Media Relations)Jos Simson/ Jessica Fontaine/ Emily FentonPhone: +44 20 7920 3157Cannings Purple (Australian Media Relations)Annette Ellis / Warrick HazeldineEmail: [email protected]@canningspurple.com.auPhone: +61 (8) 6314 6300Corporate Details:Board of Directors: Principal & Registered Contacts: Office: Andrew King Non-Executive Chairman Level 1 Email:Tim Cartsens Managing Director 50 Kings Park Road [email protected] Bwye Executive Director West Perth Phone: (08) 9413 7400Sam Willis Non-Executive Director WA 6005 Fax: (08) 9322 8912Michael Anderson Non-Executive DirectorTrevor Schultz Non-Executive DirectorWinton Willesee Non-Executive Director/ Company SecretaryAbout Base Resources
Base Resources Limited (ASX:BSE) is developing the world-class Kwale MineralSands Project in Kenya, East Africa. Kwale is an advanced and highlycompetitive project in a sector with a significant forecast supply shortfallwidely expected to emerge in the medium term.
The Kwale Project represents an advanced development opportunity with allmaterial project approvals, permits and licenses required for developmentsecured, funding in place and construction of all project elements underway.
The Project enjoys a high level of support from the Government of Kenya as wellas the local community and, located just 50km from Mombasa, Kenya's principalport facility, is well serviced by existing physical infrastructure.
Importantly, two pilot plant operations at Kwale provide confidence inprocessing behaviour and indicate a suite of readily marketable products. TheProject's high value mineral assemblage and low stripping ratio result in aprojected revenue to cash cost ratio that would place Kwale in the top quartileof world producers.
A realistic development time line should see the Kwale Project in production inthe second half of 2013.
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