Notice of change of interests by Significant Sh...

AIM and Media Release 

22 December 2022

BASE RESOURCES LIMITED
Notice of change of interests by Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from FIL Limited and FIL Investments International (together, FIL) that, as at 20 December 2022, FIL had decreased its voting power in Base Resources to 101,263,610 ordinary shares, representing 8.60% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.

FIL’s interest in 101,263,610 ordinary shares is held as follows:

Nature of FIL’s interest	Holder of interest	Registered holder of shares	Number of ordinary shares
Investment Discretion / Voting Power	FIL Investments International	Brown Brothers Harriman and Co	3,373,332
		JP Morgan, Bournemouth (C)	97,890,278

The decrease in FIL’s holding for the purposes of the AIM Rules for Companies was the net result of the disposal and acquisition of ordinary shares during the period from 13 October 2021 to 20 December 2022. 

During this period, FIL disposed 39,324,464 shares for an average price of A$0.291 per share.  FIL also acquired 26,834,493 shares for an average price of A$0.310 per share between 3 December 2021 and 28 October 2022.

A copy of the notice referred to in this release is available from the company’s website:  www.baseresources.com.au.

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations	UK Media Relations
Base Resources	Tavistock Communications
Tel: [phone]	Jos Simson and Gareth Tredway
Mobile: [phone]	Tel: [phone]
Email: [e-mail]

About Base Resources

Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance.  The company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar.  Base Resources is an ASX and AIM listed company.  Further details about Base Resources are available at www.baseresources.com.au

PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]

NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: [phone]
 

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: [phone]
 

JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: [phone]