24th Apr 2013 09:48
BASE RESOURCES LIMITED - Significant ShareholdersBASE RESOURCES LIMITED - Significant Shareholders
PR Newswire
London, April 24
ASX, AIM and Media Release
24 April 2013 BASE RESOURCES LIMITED SIGNIFICANT SHAREHOLDERSBase Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") is pleasedto advise that it has received notification from new significant shareholders.BT Investment Management Limited ("BTT") and Westpac Banking CorporationLimited ("Westpac") have today notified the Company that they currently holdinterests in 39,597,450 ordinary shares in Base representing 7.05% of theCompany's issued share capital. The holdings referred to are the same packagesof shares, with Westpac and BTT being associates, where BTT is reported byWestpac as a controlled entity.
The total holding above is an aggregate of related party interests held byAdvance Asset Management Limited (909,533 shares), Asgard Capital ManagementLimited (14,084 shares), BT Funds Management No.2 Limited (4,562,791), BTInvestment Management (Institutional) Limited (33,931,042) and Westpac RELimited (180,000).
Full PDF versions of the announcements lodged by the significant shareholderson the ASX are available at the Company's website: www.baseresources.com.au
ENDS
For further enquiries contact:
Winton WilleseeDirector and Company SecretaryEmail: [email protected]: +61 (0)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 6800 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 DirectorWinton Willesee Non-Executive Director/ Company Secretary Principal & Registered Office: Contacts:Level 1 Email: [email protected] Kings Park Road Phone: (08) 9413 7400West Perth WA 6005 Fax: (08) 9322 8912 About Base ResourcesBase Resources Limited (ASX:BSE, AIM:BSE) is developing the world-class KwaleMineral Sands 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 developmentcurrently in place, funding in place and construction of all project elementsunderway.
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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Base Resources