Quarterly Cashflow Report

ASX, AIM and Media Release 23 April 2014 BASE RESOURCES LIMITED QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 31 MARCH 2014 Appendix 5B Summary - Consolidated Statement of Cash Flows Current Quarter Year to Date (9 months) $A'000 $A'000 CASH FLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related - - debtors Payments for: * exploration & evaluation - - * development - - * administration and external affairs (1,932) (6,779) * community development (476) (968)Dividends received - -Interest and other items of a similar nature - - receivedInterest and other costs of finance paid - -Income taxes paid - -Other (provide details if material) - -Net operating cash flows (2,408) (7,747) CASH FLOWS RELATING TO INVESTING ACTIVITIES Payment for purchases of: * prospects - - * equity investments - - * other fixed assets (1,769) (2,723) * mine development (24,239) (107,999) * exploration (14) (171)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 42 312 * security deposits paid 10 (271)Net investing cashflows (25,970) (110,852) Total operating and investing cash flows (28,378) (118,599) CASH FLOWS RELATED TO FINANCING ACTIVITIES Proceeds from issues of shares, options, etc. - -Proceeds from sale of forfeited shares - -Proceeds from borrowings 26,123 48,663Repayment of borrowings - -Dividends paid - -Other (provide details if material) - (93)Net financing cash flows 26,123 48,570 Net increase (decrease) in cash held (2,255) (70,029)Cash at beginning of quarter/year to date 33,285 98,123Exchange rate adjustments (3,262) (326)CASH AT THE END OF THE QUARTER 27,768 27,768 A full PDF version of this announcement is available at the Company's website:www.baseresources.com.au. ENDS Base Resources LimitedTim CarstensManaging DirectorEmail: [email protected]: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker)As Nominated Adviser As BrokerAndrew Thomson or Trinity McIntyre Jonathan WilliamsPhone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800 Africapractice (East Africa) (Kenyan Media Relations)David Maingi/ James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected] Tavistock Communications (UK Media Relations)Jos Simson / Emily Fenton / Nuala GallagherPhone: +44 (0) 207 920 3150 Cannings Purple (Australian Media Relations)Annette Ellis / Warrick HazeldineEmail: [email protected]@canningspurple.com.auPhone: +61 (0)8 6314 6300 Corporate Details: Board of Directors:Andrew King Non-Executive ChairmanTim Carstens Managing DirectorColin Bwye Executive DirectorSam Willis Non-Executive DirectorMichael Anderson Non-Executive DirectorTrevor Schultz Non-Executive DirectorMichael Macpherson Non-Executive DirectorWinton Willesee Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: +61 (0)8 9413 7400West Perth Fax: +61 (0)8 9322 8912WA 6005