ASX, AIM and Media Release
30 July 2013
BASE RESOURCES LIMITED
QUARTERLY CASHFLOW REPORT FOR THE PERIOD ENDING 30 JUNE 2013
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 - -
debtors
Payments for:
* exploration & evaluation - -
* development - -
* production - -
* administration (1,532) (6,394)
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 (1,532) (6,394)
CASH FLOWS RELATING TO INVESTING ACTIVITIES
Payment for purchases of:
* prospects - -
* equity investments - -
* other fixed assets (10,434) (11,345)
* mine development (62,470) (217,097)
* exploration (447) (1,239)
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 264 2,795
* security deposits paid (29) 47
Net investing cashflows (73,116) (226,839)
Total operating and investing cash flows (74,648) (233,233)
CASH FLOWS RELATED TO FINANCING ACTIVITIES
Proceeds from issues of shares, options, etc. 126 37,852
Proceeds from sale of forfeited shares - -
Proceeds from borrowings 53,897 175,892
Repayment of borrowings - -
Dividends paid - -
Other (provide details if material) - -
Net financing cash flows 54,023 213,744
Net increase (decrease) in cash held (20,625) (19,489)
Cash at beginning of quarter/year to date 108,655 105,806
Exchange rate adjustments 10,093 11,806
CASH AT THE END OF THE QUARTER 98,123 98,123
A full PDF of this 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: tcarstens@baseresources.com.au
Phone: +61 (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
Tavistock Communications (UK Media Relations)
Jos Simson/ Jessica Fontaine/ Emily Fenton
Phone: +44 (0)20 7920 3157
Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: aellis@canningspurple.com.au
whazeldine@canningspurple.com.au
Phone : +61 (8) 6314 6300
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
Malcolm Macpherson 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 is an ASX and AIM listed (BSE) resources developer, with
a portfolio of assets in Africa. Its flagship project is the Kwale Mineral
Sands Project ("Kwale") in Kenya, East Africa. Kwale is fully funded and with
construction nearing completion, the project is on schedule to commence
production and shipment of a high-value assemblage of rutile, ilmenite and
zircon minerals in the latter half of 2013.
Kwale is expected to generate a cash surplus of more than US$1 billion over its
13-year mine life. With a front-ended production profile forecast to deliver an
enviable cash flow of more than US$500 million in the first 5 years of
operations, Kwale will provide a strong foundation for Base's emergence as a
significant global resources company.
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