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BASE RESOURCES LIMITED - Results of 2022 Annual General Meeting

AIM and Media Release

25 November 2022

BASE RESOURCES LIMITED
Results of 2022 Annual General Meeting

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that all resolutions set out in the Notice of Annual General Meeting released to ASX on 26 October 2022 and put to Base Resources shareholders at today’s meeting were carried.

All resolutions were decided by poll. Further details, including the number of votes cast on the poll for each resolution and the percentage of votes cast ‘For’ and ‘Against’, are 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

455,678,214

1,180,581

193,634

663,284

771,080,534

1,180,581

1,073,284

Carried

99.70%

0.26%

0.04%

99.85%

0.15%

2 Re-election of Mr Malcolm
Macpherson as a Director

Ordinary

461,066,974

622,068

193,634

19,127

788,668,890

622,068

99,127

Carried

99.83%

0.13%

0.04%

99.92%

0.08%

3 Approval of Performance
Rights to Mr Tim Carstens

Ordinary

456,084,619

1,354,637

193,634

82,823

771,486,939

1,764,637

8,105,877

Carried

99.66%

0.30%

0.04%

99.77%

0.23%

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

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