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LYCOPODIUM LIMITED — Capital/Financing Update 2018
May 14, 2018
65278_rns_2018-05-14_91d3803e-5b40-401b-982e-59b477bcb040.pdf
Capital/Financing Update
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ASX, AIM and Media Release
15 May 2018
Appointment of a Mineral Technologies and Lycopodium partnership to deliver PFS
Base Resources Limited (ASX & AIM: BSE) ( Base Resources or the Company ) is pleased to announce the appointment of partners Mineral Technologies and Lycopodium to deliver the Pre-Feasibility Study ( PFS ) for the Company’s Toliara mineral sands project ( Toliara Sands Project ) in the south-west of Madagascar.
Mineral Technologies and Lycopodium have strategically aligned to bring together industry leading innovation and technical and project delivery skills to support Base Resources in delivery of the world class Toliara Sands Project PFS. As a team, Mineral Technologies and Lycopodium have previously undertaken studies and projects in minerals sands, including previous work on the Toliara Sands Project, and are known throughout Africa for delivery of robust and fit for purpose mineral processing plants.
Base Resources anticipates PFS completion in the March quarter of 2019. The PFS will build on the considerable body of work completed by previous owners of the Toliara Sands Project and together form the foundations of an accelerated feasibility study program that aims to advance the project toward a decision to proceed to construction in the second half of 2019.
ENDS.
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CORPORATE PROFILE
Base Resources Limited ABN 88 125 546 910
DIRECTORS
Keith Spence Non-Executive Chairman Tim Carstens Managing Director Colin Bwye 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
Sam Willis Non-Executive Director Michael Stirzaker Non-Executive Director Malcolm Macpherson Non-Executive Director Diane Radley Non-Executive Director
COMPANY SECRETARY
Chadwick Poletti
AUSTRALIA MEDIA RELATIONS
Cannings Purple Andrew Rowell Email: [email protected] Phone: +61 (0)8 6314 6300
UK MEDIA RELATIONS
Tavistock Communications Jos Simson / Barnaby Hayward Phone: +44 (0)207 920 3150
SHARE REGISTRY
ASX
Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace PERTH WA 6000 Enquiries: 1300 850 505 / +61 (3)9415 4000 www.computershare.com.au
KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / Joan Kimani Phone: +254 (0)20 239 6899 Email: [email protected]
AIM
Computershare Investor Services PLC The Pavilions Bridgwater Road BRISTOL BS99 6ZZ Enquiries: +44 (0)870 702 0003 www.computershare.co.uk
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road West Perth WA 6005 Email : [email protected] Phone : +61 (0)8 9413 7400 Fax : +61 (0)8 9322 8912
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