Notice of change of Significant Shareholder

AIM and Media Release 

20 November 2019

BASE RESOURCES LIMITED
Notice of change of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from significant shareholder FIL Limited that it and its related entities (FIL) have increased their voting power in Base Resources to 99,585,687 ordinary shares, representing 8.5% of the total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for Companies.

FIL’s interest in 99,585,687 Base Resources ordinary shares is held as follows: 

Investment Manager	Custodian	Nature of relevant interest	Number of ordinary shares
FIL Fund Management (Ireland) Limited	Brown Brothers Harriman and Co	Investment Discretion / Voting Power	3,573,713
FIL Investments International	Brown Bros Harriman Ltd Lux (C); JP Morgan, Bournemouth (C)	Investment Discretion / Voting Power	32,368,810 61,009,290
FIL Limited	Brown Brothers Harriman and Co	Investment Discretion / Voting Power	2,633,874

Average consideration given for acquisitions between 15 May 2019 and 15 November 2019 was A$0.226 per share for 25,351,239 shares. Average consideration received for sales between 1 July 2019 and 16 September 2019 was A$0.240 per share for 10,040,919 shares. 

A PDF version 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 Barnaby Hayward
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 1, 50 Kings Park Road
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
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: [phone]