Base Resources Announces Mineral Resource Increase for Kwale South Dune

Base Resources Limited (ASX & AIM: BSE) (“Base Resources” or the “Company”) is pleased to announce an update to the Kwale South Dune Deposit Mineral Resource at its 100% owned and operated Kwale Operation (the “2017 Kwale South Dune Mineral Resource”).

The Kwale Operation has two deposits, referred to as the Central Dune and the South Dune. Mining operations are currently conducted on the Central Dune deposit, with a transition to the South Dune deposit scheduled for the second half of 2019.

The 2017 Kwale South Dune Mineral Resource estimate incorporates the results of an extensional and infill drill programme completed earlier this year (refer to the announcements on 2nd March 20171 and 10th May 20172 ) and represents an overall increase of 29% for total material tonnes and 13% for contained heavy mineral (“HM”) tonnes to the Kwale South Dune deposit.

In addition, there has been a significant increase in the confidence of the 2017 Kwale South Dune Mineral Resource estimate with 71% of material tonnes and 76% of HM tonnes now in the JORC Measured category.

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