First Ilmenite Shipment Bound for China

ASX, AIM and Media Release

18 February 2014

FIRST ILMENITE SHIPMENT BOUND FOR CHINA AND ZIRCON PRODUCTION COMMENCES                   

Base Resources Limited (ASX & AIM: BSE) ("Base") ("Base" or the "Company") is
pleased to advise that the MV African Eagle has left port loaded with 25,000
tonnes of ilmenite destined for a customer in China. The ship loader, operating
under load for the first time, performed to expectation and was able to reach
its design capacity of 1,000 tonnes per hour. Regular shipments of both
ilmenite and rutile will now commence with shipments of each product scheduled
for March.

Base is also pleased to advise the commencement of zircon production at the
Kwale Project. Following the commissioning of the ilmenite and rutile circuits
of the mineral separation plant ("MSP") in December, wet zircon feed has now
been taken through the zircon circuit of the MSP to produce on specification
zircon product. Over the next several weeks processing rates are planned to be
ramped up and inventories of zircon built up ahead of the commencement of
containerised zircon sales in March.

All work packages are now complete and operational with only minor defect list
items remaining outstanding. The main focus is now on balancing and
debottlenecking the MSP in order to progress the ramp-up to achieve nameplate
throughput.

A full PDF version of the announcement is available at the Company's website: 
www.baseresources.com.au.

ENDS

For further enquiries contact:

Base Resources Limited
Tim Carstens
Managing Director
Email: [e-mail]
Phone: [phone]

RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser                    As Broker
Andrew Thomson or Trinity McIntyre      Jonathan Williams
Phone: [phone]               Phone: [phone]

Africapractice (East Africa) (Kenyan Media Relations)
David Maingi/ James Njuguna/Joan Kimani
Phone: [phone]
Email: [e-mail]

Tavistock Communications (UK Media Relations)
Jos Simson / Emily Fenton / Nuala Gallagher
Phone: [phone]

Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: [e-mail]
[e-mail]
Phone: [phone]

Corporate Details:

Board of Directors:
Andrew King        Non-Executive Chairman
Tim Carstens       Managing Director 
Colin Bwye         Executive Director
Sam Willis         Non-Executive Director
Michael Anderson   Non-Executive Director
Trevor Schultz     Non-Executive Director
Michael Macpherson Non-Executive Director
Winton Willesee    Company Secretary

Principal & Registered Office:     Contacts:
Level 1                            Email: [e-mail]
50 Kings Park Road                 Phone: [phone]
West Perth                         Fax: [phone]
WA 6005