Operational Components of Project Completion Passed

BASE RESOURCES LIMITED - Operational Components of Project Completion Passed

PR Newswire

London, July 1

AIM and Media Release 

1 July 2015

BASE RESOURCES LIMITEDOPERATIONAL 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 PROFILEDirectorsKeith 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 SecretaryChadwick PolettiNOMINATED ADVISOR & BROKERRFC Ambrian LimitedAs Nominated Adviser:Andrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500As Broker:Jonathan WilliamsPhone: +44 20 3440 6800SHARE REGISTRY: ASXComputershare Investor Services Pty LimitedLevel 11, 172 St Georges TerracePERTH WA 6000Enquiries: 1300 850 505 / +61 (3) 9415 4000http://www.computershare.com.au/SHARE REGISTRY: AIMComputershare Investor Services PLCThe PavilionsBridgwater RoadBRISTOL BS99 6ZZEnquiries: +44 (0) 870 702 0003http://www.computershare.co.uk/AUSTRALIAN MEDIA RELATIONSCannings PurpleMichael Vaughan / Warrick HazeldineEmail: [email protected][email protected]Phone: +61 (0)8 6314 6300UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Emily Fenton / Nuala GallagherPhone: +44 (0) 207 920 3150KENYA MEDIA RELATIONSAfricapractice (East Africa)David Maingi/ James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected]PRINCIPAL & REGISTERED OFFICELevel 1, 50 Kings Park RoadWest Perth WA 6005Email: [email protected]Phone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912