Quarterly Cashflow Report

ASX, AIM and Media Release 25 July 2014 BASE RESOURCES LIMITED QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 30 JUNE 2014 Appendix 5B Summary - Consolidated Statement of Cash Flows Current Quarter Year to Date (12 months) $A'000 $A'000 CASH FLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related 22,442 22,442debtors Payments for: * exploration & evaluation - - * Kwale operations (14,706) (14,706) * administration and external affairs (2,690) (9,469) * community development (931) (1,899) Dividends received - - Interest and other items of a similar nature - -received Interest and other costs of finance paid - - Income taxes paid - - Other (provide details if material) - - NET OPERATING CASH FLOWS 4,115 (3,632) CASH FLOWS RELATING TO INVESTING ACTIVITIES Payment for purchases of: * prospects - - * equity investments - - * other fixed assets (1,058) (5,137) * mine development - (106,643) * exploration (28) (199) 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 43 355 * security deposits paid (77) (348) NET INVESTING CASH FLOWS (1,120) (111,972) TOTAL OPERATING AND INVESTING CASH FLOWS 2,995 (115,604) CASH FLOWS RELATED TO FINANCING ACTIVITIES Proceeds from issues of shares, options, etc. - - Proceeds from sale of forfeited shares - - Proceeds from borrowings - 48,654 Repayment of borrowings - - Dividends paid - - Other (provide details if material) (9,898) (9,991) NET FINANCING CASH FLOWS (9,898) 38,663 Net increase (decrease) in cash held (6,903) (76,941) Cash at beginning of quarter/year to date 27,768 98,123 Exchange rate adjustments 80 (237) CASH AT THE END OF THE QUARTER 20,945 20,945 A full PDF version of this announcement is available at the Company's website:www.baseresources.com.au. 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