BSE.AX
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personalForMODERN SLAVERY STATEMENT
FOR THE 12-MONTH PERIOD ENDED 30 JUNE 2021
RESOURCES BASE
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personalMODERNSLAVERY ForSTATEMENT- FORTHE 12-MONTH PERIODENDED 30JUNE 20211
Important Notices
This statement is made by Base Resources Limited (ACN
125 546 910) (Base Resources or the Company), a public company incorporated under Australia's Corporations Act 2001 (Cth) and listed on the Australian Securities Exchange and the London Stock Exchange's AIM.
Base Resources is a "reporting entity" under the Modern Slavery Act 2018 (Cth) (Modern Slavery Act) and this statement has been issued by the Company in accordance with section 13 of that Act. Base Resources controls several entities. None of the entities which Base Resources controls is a "reporting entity" under the Modern Slavery Act.
This statement covers the period from 1 July 2020 to 30 June 2021 (FY21 or reporting period). Unless the context requires otherwise, this statement is made in respect
of Base Resources and each of the entities it controls, including its two operating subsidiaries, Base Titanium Limited (a Kenya incorporated entity) and Base Toliara SARL (a Madagascar incorporated company). Accordingly, references to "we", "our" and "us" are to the Company's group as a whole (Group). For further details about Base Resources' controlled entities, refer to Base Resources' 2021 Annual Report.
RESOURCES BASE
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personalMODERNSLAVERY ForSTATEMENT- FORTHE 12-MONTH PERIODENDED 30JUNE 20212
STATEMENT OF COMPLIANCE WITH THE MODERN SLAVERY ACT
Principal Governing Body Approval
This statement was approved by the Board of Base Resources, being the 'principal governing body' as defined in the Modern Slavery Act: see page 12.
Signature of Responsible Member
This statement is signed by Michael Stirzaker, Non-Executive Chair, who is a
'responsible member' of Base Resources, as defined in the Modern Slavery Act: see page 12.
Mandatory Criteria
This statement addresses each of the mandatory criteria in section 16 of the Modern Slavery Act, as specified in the table below.
Mandatory Criteria
Section(s)
Page reference
a) Identify the reporting entity.
Important Notices, 1
1-3
b) Describe the reporting entity's structure,
2-3
4-6
operations and supply chains.
c) Describe the risks of modern slavery
practices in the operations and supply chains
4
7
of the reporting entity and any entities it owns
or controls.
d) Describe the actions taken by the reporting
entity and any entities it owns or controls to
5-6
7-11
assess and address these risks, including due
diligence and remediation processes.
e) Describe how the reporting entity assesses
7
12
the effectiveness of these actions.
f) Describe the process of consultation on the
development of the statement with any entities
the reporting entity owns or controls (a joint
8
12
statement must also describe consultation with
the entity covered by the statement).
g) Any other information that the reporting
entity, or the entity giving the statement,
N/A
N/A
considers relevant.
RESOURCES BASE
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This statement is Base Resources' second modern slavery statement and reports on our actions to identify, assess and address the risks of modern slavery in our operations and supply chains during the reporting period.
personalMODERNSLAVERY
At Base Resources, we are committed to respecting human rights in everything we do and taking action to mitigate the risk of human rights abuses, including modern slavery, in our operations and supply chains.
Put simply, modern slavery is an umbrella term used to describe various situations where victims are exploited and their personal freedoms are undermined or deprived, such as slavery, servitude, forced or compulsory labour and human trafficking.
With increasingly globalised supply chains, all entities, no matter their size, operations and location, face modern slavery risks in their operations and supply chains.
As a mining company carrying out operations in Kenya and with a development project in Madagascar, both places with contextual factors that increase the risk of modern slavery and generally low levels of awareness about modern slavery, we recognise that we are no different.
Taking action to tackle our modern slavery risks is not only consistent with our core values and fundamental to achieving our overarching objective as a company, but also presents us with an opportunity to play a leading role in raising awareness about this issue in those places where we operate and set an example for companies operating in those jurisdictions.
ForSTATEMENT- FORTHE 12-MONTH PERIODENDED 30JUNE 20213
1. WHO WE ARE
We are a Perth head-quartered, African focused, mineral sands producer, developer and explorer with a track record of project delivery, strong and consistent operational performance and excellence in safety, community engagement and environmental stewardship.
Base Resources exists to enrich our people, the communities in which we operate and our shareholders through the creative development of mineral resources. We seek to achieve our objective by adopting inclusive business practices that aim to minimise any negative impacts and maximise the positive outcomes from our activities for our employees, our communities and our host nations, for the full life cycle of all our mining projects. The practices are underpinned by a set of core principles that together form the "Base Way" and include a commitment to safety and operational performance, the recruitment
and training of personnel from our host communities, a preference to work with local suppliers, extensive and effective community programs and a commitment to operating in a sustainable and environmentally responsible manner.
The core principles together forming the "Base Way" are based on our belief in:
The "Base Way" is available from our website at baseresources.com.au/who-we-are/.
RESOURCES BASE
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personalMODERNSLAVERY ForSTATEMENT- FORTHE 12-MONTH PERIODENDED 30JUNE 20214
KEY FIGURES FOR THE REPORTING PERIOD
INVESTED IN COMMUNITY AND ENVIRONMENT PROGRAMS
ADDITIONAL INVESTMENT FOR COVID-19 PROGRAMS
US$3.7million
US$1.4million
NUMBER OF EMPLOYEES BY COUNTRY
KENYA 874
MADAGASCAR 68
AUSTRALIA 20
REVENUE
EBITDA
US$198.2million
US$94.6million
FY21 HIGHLIGHTS
Modern Slavery Risk Assessment
Due diligence on direct
Procedure developed
suppliers carried out
Training provided
Risk analysis on direct
to employees
suppliers performed
Collaborated with a Kenya-based
Training provided to
civil society organisation
Base Resources-supported
farmers' cooperative
Kwale Operations
Kenya
Operational asset producing rutile, ilmenite zircon.
Toliara Project
Madagascar
Mineral sands project progressing towards development.
Base Resources
Perth
Company headquarters.
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Disclaimer
Base Resources Limited published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 21:31:34 UTC.