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BASE RESOURCES LIMITED - Notice of change of Significant Shareholder

AIM and Media Release 

4 March 2020

Notice of change of Significant ShareholderBASE RESOURCES LIMITED

(ASX & AIM: BSE) () advises that it has today received notification from Bank of America Corporation that, on , it and its related bodies corporate () had reduced their voting power in by 37,991,120 ordinary shares. Base Resources LimitedBase ResourcesBase ResourcesBank of America2 March 2020

understands that, as at , had a relevant interest in 52,797,982 ordinary shares, representing 4.51% of the total ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.Base ResourcesBank of AmericaBase Resources2 March 2020

The decrease in Bank of America’s relevant interest was the result of the disposal of ordinary shares and the return of ordinary shares pursuant to prime brokerage agreements since .29 February 2020

disposed of 30,000,000 shares for an average price of per share on (excluding any shares returned pursuant to a prime brokerage agreement).  It did not acquire any ordinary shares between and .Bank of AmericaA$0.1952 March 202029 February 20202 March 2020

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:

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 2500NOMINATED ADVISOR
RFC Ambrian Limited


Stephen Allen

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


Matthew Armitt

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


John PriorJames BlackPaul Gillam

,  and Investor  Media Relations
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: 9.25

Market: AIM
Market Cap: £108.37 m
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