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BASE RESOURCES LIMITED - Kwale Operations resumes normal operations

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AIM and Media Release

15 June 2022

BASE RESOURCES LIMITED
Kwale Operations resumes normal operations

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to report that mining at its Kwale Operations has, over the past week, progressively returned to normal following the outage caused by localised flash flooding. Although this was an abnormal weather event, a series of mitigations are being implemented to reduce the likelihood of a future reoccurrence, including construction of additional storm water diversion bunds and the acquisition of supplementary high capacity diesel dewatering pumps.

Base Resources confirms that it remains on schedule to achieve financial year 2022 production guidance1.

[Note (1): Refer to Base Resources’ announcement on 19 October 2021 “Quarterly Activities Report – September 2021” for Base Resources’ FY2022 production guidance.]

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations

UK Media Relations

Base Resources

Tavistock Communications

Tel: +61 (8) 9413 7426

Jos Simson and Gareth Tredway

Mobile: +61 (0) 488 093 763

Tel: +44 (0) 207 920 3150

Email: jfuller@baseresources.com.au

This release has been authorised by Base Resources’ Disclosure Committee.

About Base Resources

Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance. The company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar. Base Resources is an ASX and AIM listed company. Further details about Base Resources are available at www.baseresources.com.au

PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

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Phone: +61 (0)8 9480 2500

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