Results of Annual General Meeting

AIM and Media Release 

23 November 2018

BASE RESOURCES LIMITED
Results of Annual General Meeting

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that all items of business set out in the Notice of Annual General Meeting and considered at the AGM of Base Resources shareholders held today were carried.  The Notice of Annual General Meeting was dated 19 October 2018.

The table below details the number of votes cast on the poll in respect of each resolution:

Item 1	Adoption of the remuneration report	For	378,138,229	98.88%
		Against	4,266,385	1.12%
		Abstain	191,970,248
Item 2	Re-election of Mr Keith Spence as a director	For	574,158,770	98.57%
		Against	8,358,445	1.43%
		Abstain	649,254
Item 3	Election of Ms Diane Radley as a director	For	582,375,905	99.98%
		Against	141,310	0.02%
		Abstain	649,254
Item 4	Approval of the grant of Performance Rights to Mr Tim Carstens	For	569,743,649	99.17%
		Against	4,787,162	0.83%
		Abstain	6,551,118
Item 5	Approval of the grant of Performance Rights to Mr Colin Bwye	For	569,560,315	99.13%
		Against	4,970,496	0.87%
		Abstain	3,895,478
Item 6	Approval of the revised Base Resources Long Term Incentive Plan	For	379,039,670	99.01%
		Against	3,785,626	0.99%
		Abstain	198,256,633

Further information, as required by section 251AA(2) of the Corporations Act, is set out below:

Resolution details		Instructions given to validly appointed proxies (as at proxy close)				Number of votes cast on the poll (where applicable)			Resolution Result
Resolution	Resolution Type	For	Against	Proxy's Discretion	Abstain	For	Against	Abstain*	Carried / Not Carried
1 Adoption of the Remuneration Report	Ordinary	374,569,202	4,266,385	31,852	191,970,248	378,138,229	4,266,385	191,970,248	Carried
		98.86%	1.13%	0.01%		98.88%	1.12%
2 Re-election of Mr Keith Spence as a Director	Ordinary	562,422,773	8,358,445	45,186	649,254	574,158,770	8,358,445	649,254	Carried
		98.53%	1.46%	0.01%		98.57%	1.43%
3 Election of Ms Diane Radley as a Director	Ordinary	570,639,908	141,310	45,186	649,254	582,375,905	141,310	649,254	Carried
		99.97%	0.02%	0.01%		99.98%	0.02%
4 Approval of the grant of Performance Rights to Mr Tim Carstens	Ordinary	565,106,664	4,787,162	83,143	1,498,689	569,743,649	4,787,162	6,551,118	Carried
		99.15%	0.84%	0.01%		99.17%	0.83%
5 Approval of the grant of Performance Rights to Mr Colin Bwye	Ordinary	564,923,330	4,970,496	83,143	1,078,910	569,560,315	4,970,496	3,895,478	Carried
		99.12%	0.87%	0.01%		99.13%	0.87%
6 Approval of the revised Base Resources Long Term Incentive Plan	Ordinary	374,416,019	3,785,626	69,809	193,204,204	379,039,670	3,785,626	198,256,633	Carried
		98.98%	1.00%	0.02%		99.01%	0.99%

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
Andrew Thomson / Stephen Allen
Phone: [phone]