Notice of change of interests by Significant Shareholder

AIM and Media Release 

16 August 2024

Base Resources Limited
Notice of change of interests by Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has received notification from Mitsubishi UFJ Financial Group, Inc. (MUFG) that, as at 13 August 2024, MUFG had increased its voting power in Base Resources from 87,021,878 ordinary shares to 99,905,751 ordinary shares representing 7.39% and 8.48%, respectively, of the total Base Resources ordinary shares in issue. This constitutes a significant shareholding for the purposes of the AIM Rules for Companies.

MUFG’s interest in 99,905,751 ordinary shares is held as follows:

Registered holder of shares	Holder of interest	Nature of interest	Number of ordinary shares
Citibank N A Hong Kong	Mitsubishi UFJ Financial Group, Inc	Relevant interest in securities that First Sentier Investors Holdings Pty Limited has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of 100% in First Sentier Investors Holdings Pty Limited.	41,314,416
JP MORGAN CHASE	Mitsubishi UFJ Financial Group, Inc		3,993,108
National Australian bank	Mitsubishi UFJ Financial Group, Inc		12,881,679
Morgan Stanley Australia Securities (Nominee) Pty Limited	Mitsubishi UFJ Financial Group, Inc	Relevant interest in securities that Morgan Stanley has a relevant interest in under section 608(3) of the Corporations Act as Mitsubishi UFJ Financial Group, Inc. has voting power of over 20% in Morgan Stanley.	41,716,548

In the notice of its increase in its voting power, MUFG disclosed acquisitions and disposals of ordinary shares which occurred during the period from 27 May 2024 to 13 August 2024 (each inclusive).  During that period, the acquisition of 16,258,166 ordinary shares was disclosed for an average price of A$0.269 per share and the disposal of 3,374,293 ordinary shares was disclosed for an average of A$0.273 per share.

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:

Australian Media Relations	UK Media Relations
Sodali & Co	Tavistock Communications
Cameron Gilenko and Michael Weir	Jos Simson and Gareth Tredway
Tel: [phone]	Tel: [phone]

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:  [e-mail]
Phone: [phone]
Fax: [phone]

NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: [phone]

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: [phone]

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