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BASE RESOURCES LIMITED - Notice of change of Substantial Shareholder

AIM and Media Release 

7 February 2020

Notice of change of Substantial ShareholderBASE RESOURCES LIMITED

(ASX & AIM: BSE) () advises that it has today received notification from substantial shareholder () that it has increased its relevant interest in to 260,732,274 ordinary shares, representing 22.25% of the total ordinary shares on issue.Base Resources LimitedSustainable Capital LtdBase ResourcesBase ResourcesBase ResourcesSustainable

Consideration given to acquire the increased relevant interest referred to above between and was a weighted average of per share for 38,544,567 shares.  25 June 20197 February 2020A$0.247

Sustainable’s interest in 260,732,274 ordinary shares is held as follows:Base Resources

A copy of the notice referred to in this release is available from the Company’s website:  .www.baseresources.com.au


For further information contact:

AboutBase 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 and is developing the in Madagascar.  is an ASX and AIM listed company.  Further details about are available atBase ResourcesToliara ProjectBase ResourcesBase ResourcesKenyawww.baseresources.com.au

Level 1, , 6005 Email:  Phone: +61 (0)8 9413 7400 Fax: +61 (0)8 9322 8912PRINCIPAL & REGISTERED OFFICE

50 Kings Park RoadWest Perth, Western Australia[email protected]

Phone: +61 (0)8 9480 2500  NOMINATED ADVISOR
RFC Ambrian Limited

Stephen Allen

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

Matthew Armitt

/ / Phone: +44 20 7260 1000JOINT BROKER
Numis Securities Limited

John PriorJames BlackPaul Gillam

Holder of relevant      Registered holder of shares Number of ordinary shares

Sustainable Capital Ltd HSBC Fund Services                        260,732,274
,  and Investor  Media Relations


Tel: +61 (8) 9413 7426                             and 

Mobile: +61 (0) 488 093 763                       Tel: +44 (0) 207 920 3150

Email:James FullerJos SimsonBarnaby HaywardManager CommunicationsBase ResourcesTavistock CommunicationsUK[email protected]

Quick facts: Base Resources Limited

Price: 7.9375

Market: AIM
Market Cap: £93 m

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