Notice of change of Substantial Shareholder

AIM and Media Release 

11 October 2018

BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received the following notification.  

Pacific Road Capital has notified the company that its voting power in Base Resources ordinary shares has decreased from 22.1% to 20.8% due to dilution following completion of the retail component of the company’s capital raise in January 2018 and the issue of shares upon vesting of performance rights pursuant to the Base Resources Long Term Incentive Plan announced on 4 October 2018.

Pacific Road Capital’s interest in 242,953,106 Base Resources ordinary shares remains unchanged as follows: 

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Pacific Road Capital II Pty Limited	Registered holder of shares	29,831,018
Pacific Road Capital Management GP II Limited	Registered holder of shares	213,122,088

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 Sands 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
Andrew Thomson / Stephen Allen
Phone: [phone]