Significant Shareholders

ASX, AIM and Media Release 24 April 2013 BASE RESOURCES LIMITED SIGNIFICANT SHAREHOLDERS Base Resources Limited (ASX:BSE, AIM:BSE) ("Base" or the "Company") is pleased to advise that it has received notification from new significant shareholders. BT Investment Management Limited ("BTT") and Westpac Banking Corporation Limited ("Westpac") have today notified the Company that they currently hold interests in 39,597,450 ordinary shares in Base representing 7.05% of the Company's issued share capital. The holdings referred to are the same packages of shares, with Westpac and BTT being associates, where BTT is reported by Westpac as a controlled entity. The total holding above is an aggregate of related party interests held by Advance Asset Management Limited (909,533 shares), Asgard Capital Management Limited (14,084 shares), BT Funds Management No.2 Limited (4,562,791), BT Investment Management (Institutional) Limited (33,931,042) and Westpac RE Limited (180,000). Full PDF versions of the announcements lodged by the significant shareholders on the ASX are available at the Company's website: www.baseresources.com.au ENDS For further enquiries contact: Winton Willesee Director and Company Secretary Email: wwillesee@baseresources.com.au Phone: +61 (0)8 9413 7400 RFC Ambrian Limited (Nominated Adviser and Broker) As Nominated Adviser As Broker Andrew Thomson or Trinity McIntyre Caspar Shand-Kydd Phone: +61 (8) 9480 2500 Phone: +44 20 3440 6800 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 Winton Willesee Non-Executive Director/ Company Secretary Principal & Registered Office: Contacts: Level 1 Email: info@baseresources.com.au 50 Kings Park Road Phone: (08) 9413 7400 West Perth WA 6005 Fax: (08) 9322 8912 About Base Resources Base Resources Limited (ASX:BSE, AIM:BSE) is developing the world-class Kwale Mineral Sands Project in Kenya, East Africa. Kwale is an advanced and highly competitive project in a sector with a significant forecast supply shortfall widely expected to emerge in the medium term. The Kwale Project represents an advanced development opportunity with all material project approvals, permits and licenses required for development currently in place, funding in place and construction of all project elements underway. The Project enjoys a high level of support from the Government of Kenya as well as the local community and, located just 50km from Mombasa, Kenya's principal port facility, is well serviced by existing physical infrastructure. Importantly, two pilot plant operations at Kwale provide confidence in processing behaviour and indicate a suite of readily marketable products. The Project's high value mineral assemblage and low stripping ratio result in a projected revenue to cash cost ratio that would place Kwale in the top quartile of world producers. A realistic development time line should see the Kwale Project in production in the second half of 2013.
UK 100

Latest directors dealings