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BASE RESOURCES LIMITED - Notice of change of interests by Significant Shareholder

AIM and Media Release

13 January 2023

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 11 January 2023, FIL had decreased its voting power in Base Resources to 87,809,331 ordinary shares, representing 7.45% 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 87,809,331 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

2,422,308

JP Morgan, Bournemouth (C)

85,387,023

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 21 December 2022 to 11 January 2023.

During this period, FIL disposed 13,454,279 shares for an average price of A$0.231 per share. FIL did not acquire any shares during this period.

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: +61 8 9413 7426

Jos Simson and Gareth Tredway

Mobile: +61 488 093 763

Tel: +44 207 920 3150

Email: jfuller@baseresources.com.au

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: info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912

NOMINATED ADVISOR
RFC Ambrian Limited

Stephen Allen
Phone: +61 8 9480 2500

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: +44 20 7523 8000