Quarterly Cashflow Report

ASX, AIM and Media Release 20 January 2015 BASE RESOURCES LIMITED QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 31 DECEMBER 2014 Appendix 5B Summary - Consolidated Statement of Cash Flows Current Quarter Year to Date (6 months) $A'000 $A'000 CASH FLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related 35,887 53,560debtorsPayments for: * exploration & evaluation - - * Kwale operations (19,911) (40,564) * administration and external affairs (3,183) (6,728) * community development (853) (1,950)Dividends received - -Interest and other items of a similar nature - -receivedInterest and other costs of finance paid - -Income taxes paid (69) (69)Other (provide details if material) - -Net operating cash flows 11,871 4,249 CASH FLOWS RELATING TO INVESTING ACTIVITIESPayment for purchases of: * prospects - - * equity investments - - * other fixed assets (1,306) (4,730) * mine development - - * exploration (40) (75)Proceeds from sale of: * prospects - - * equity investments - - * other fixed assets 2 2Loans to other entities - -Loans repaid by other entities - -Other (provide details if material): * interest received 18 44 * security deposits paid (14) 20Net investing cashflows (1,340) (4,739)Total operating and investing cash flows 10,531 (490) CASH FLOWS RELATED TO FINANCING ACTIVITIESProceeds from issues of shares, options, etc. - -Proceeds from sale of forfeited shares - -Proceeds from borrowings - -Repayment of borrowings - -Dividends paid - -Other (provide details if material) * interest on borrowings (7,369) (7,369) * debt restructure and establishment fees (2,674) (2,866)Net financing cash flows (10,043) (10,235) Net increase (decrease) in cash held 488 (10,725) Cash at beginning of quarter/year to date 10,913 20,945Exchange rate adjustments 1,314 2,495CASH AT THE END OF THE QUARTER 12,715 12,715 A full PDF version of this announcement is available at the Company's website:www.baseresources.com.au. ENDS For further enquiries contact: Base Resources LimitedTim CarstensManaging DirectorPhone: +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)Michael Vaughan / 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 DirectorMike Stirzaker Non-Executive DirectorMalcolm 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