Notice of change of interests by Significant Shareholder




AIM and Media Release 

7 September 2023


Notice of change of interests by Significant Shareholder


Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has received notification from FIL Limited and FIL Investments International (together, FIL) that, as at 5 September 2023, FIL had decreased its voting power in Base Resources from 87,809,331 ordinary shares to 75,877,583 ordinary shares representing 7.45% and 6.44% respectively of the total Base Resources ordinary shares on issue. 


This constitutes a significant shareholding for the purposes of the AIM Rules for Companies.  FIL’s interest in 75,877,583 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


JP Morgan, Bournemouth (C)



The decrease in FIL’s holding for the purposes of the AIM Rules for Companies was the result of the disposal of ordinary shares during the period from 17 January 2023 to 5 September 2023. 


During this period, FIL sold 11,931,748 shares for an average price of A$0.22 per share.


A copy of the notice referred to in this release is attached.




For further information contact:

Australian Media Relations

UK Media Relations

Citadel Magnus

Tavistock Communications

Cameron Gilenko and Michael Weir

Jos Simson and Gareth Tredway

Tel: +61 8 6160 4900

Tel: +44 207 920 3150


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


Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912


Canaccord Genuity Limited

James Asensio / Raj Khatri

Phone: +44 20 7523 8000


Matthew Armitt / Detlir Elezi

Phone: +44 20 3207 7800

FIL Substantial Holder Notice

UK 100

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