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BASE RESOURCES LIMITED - Change of Interest of Director

AIM and Media Release 

22 September 2020

BASE RESOURCES LIMITED Change of Interest of Director

African mineral sands producer, (ASX & AIM: BSE) () advises that Executive Director – Operations & Development, Mr Colin Bwye, sold 600,000 Base Resources ordinary shares at a weighted average price of per share on .Base Resources LimitedBase ResourcesA$0.297417 September 2020

The proceeds of the sale will principally be used to fund Mr Bwye’s Australian income tax liability arising from the exercise of his 2016 cycle vested performance rights issued under the Base Resources Long Term Incentive Plan (), as previously announced on .LTIP27 August 2020

Following the sale of these shares, Mr Bwye holds 7,199,238 fully paid ordinary shares (directly and indirectly) and 7,832,535 unvested performance rights issued pursuant to the LTIP, which remain subject to vesting conditions.

ENDS.

For further information contact:

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 and is developing the Toliara Project in Madagascar.  Base Resources is an ASX and AIM listed company.  Further details about Base Resources are available atKenyawww.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 7800  BROKER Berenberg



Matthew Armitt

, Manager Communications and Investor  Media Relations
Relations

Base Resources                                    Tavistock Communications

Tel: +61 (8) 9413 7426                             and 

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

Email:James FullerJos SimsonBarnaby HaywardUK[email protected]

Quick facts: Base Resources Limited

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Market: AIM
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