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BSE – Base Resources Ltd

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Recommendation Rating

1.33

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5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.34

Low: 0.28

High: 0.41

Total Analysts: 3

Company Profile

Base Resources Limited is an Australia-based company engaged in production and development of mineral sands. The Company’s assets include the Kwale Mineral Sands Operation in Kenya and the development of the Toliara Project in Madagascar. The Company’s Kwale Operations is located approximately 50 kilometers south of Mombasa and 10 kilometers inland from the Kenyan coast. The Kwale Operation in Kenya, which produces a range of mineral sands products, namely ilmenite, rutile and zircon. The Kwale Operation features a high-grade ore body with a high-value mineral assemblage, rich in rutile. The Company’s fully owned Toliara Project is based on the Ranobe deposit, located approximately 45 kilometers north of the town of Toliara, and approximately 15 kilometers inland from the coast in southwest Madagascar.

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