ASX, AIM and Media Release 15 January 2018

Toliara Sands Project acquisition update

Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to advise that the Toliara Sands Project acquisition agreement is now unconditional. The acquisition of the initial 85% interest in the wholly owned Mauritian subsidiaries of World Titane Holdings Ltd, which between them hold a 100% interest in the Toliara Sands Project in Madagascar (held through wholly owned subsidiaries in Madagascar), is scheduled to complete during the week beginning 22 January 2018.

For further details of the Toliara Sands Project acquisition refer to Base Resources' market announcement on 19 December 20171.

ENDS.

1 Refer to Base Resources' market announcement "Transformational Acquisition of the Toliara Sands Project and A$100 million share offer" released on 19 December 2017, which is available athttp://www.baseresources.com.au/investor-centre/asx-releases.

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CORPORATE PROFILE

Base Resources Limited ABN 88 125 546 910

DIRECTORS

Keith Spence

Non-Executive Chairman

Sam Willis

Tim Carstens

Managing Director

Michael Stirzaker

Colin Bwye

Executive Director

Malcolm Macpherson

COMPANY SECRETARY

Chadwick Poletti

Non-Executive Director Non-Executive Director Non-Executive Director

NOMINATED ADVISOR & BROKERS

Nominated Advisor:

RFC Ambrian Limited

Andrew Thomson / Stephen Allen Phone: +61 (0)8 9480 2500

Joint Brokers:

RFC Ambrian Limited Jonathan Williams Phone: +44 20 3440 6800 Numis Securities Limited

John Prior / James Black / Paul Gillam Phone: +44 (0)20 7260 1000

SHARE REGISTRY

ASX

Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace

PERTH WA 6000

Enquiries: 1300 850 505 / +61 (3)9415 4000www.computershare.com.au

AIM

Computershare Investor Services PLC The Pavilions

Bridgwater Road BRISTOL BS99 6ZZ

Enquiries: +44 (0)870 702 0003www.computershare.co.uk

AUSTRALIA MEDIA RELATIONS

Cannings Purple

Andrew Rowell

Email:arowell@canningspurple.com.auPhone: +61 (0)8 6314 6300

UK MEDIA RELATIONS

Tavistock Communications

Jos Simson / Barnaby Hayward Phone: +44 (0)207 920 3150

KENYA MEDIA RELATIONS

Africapractice (East Africa) Evelyn Njoroge / Joan Kimani Phone: +254 (0)20 239 6899 Email:jkimani@africapractice.com

PRINCIPAL & REGISTERED OFFICE

Level 1, 50 Kings Park Road

West Perth WA 6005

Email:info@baseresources.com.auPhone: +61 (0)8 9413 7400

Fax: +61 (0)8 9322 8912

Base Resources Limited published this content on 15 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 January 2018 01:04:10 UTC.

Original documenthttp://www.baseresources.com.au/download/515/

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