Base Resources has announced a plan to list on London’s Alternative Investment Market, in order to tap UK and European interest in its $US298 million Kwale mineral sands project in Kenya.
The company said it had lodged a pre-admission announcement for its shares to trade on the AIM, and is expecting to be admitted to its official list by January 2.
RFC Ambrian is acting as Base Resources’ nominated adviser and broker in relation to the listing.
Base raised $40 million for the continued development of the Kwale project in October.
At close of trade today, Base resources shares were down 8.3 per cent on the ASX, finishing at 27.5 cents.