Notice of change of interests by Significant Sh...

AIM and Media Release 

7 June 2022

BASE RESOURCES LIMITED
Notice of change of interests by Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from Regal Funds Management Pty Limited and its associate, Regal Partners Limited, (together, Regal) that, as at 3 June 2022, Regal had decreased their voting power in Base Resources to 117,058,834 ordinary shares, representing 9.94% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.

Regal’s interest in 117,058,834 ordinary shares is held as follows:

Holder of interest	Nature of interest	Registered holder of shares	Number of ordinary shares
UBS AG, Australia Branch	Holder of shares	UBS Nominees Pty Ltd	64,461,518
Merrill Lynch International Limited	Holder of shares	Merrill Lynch (Australia) Nominees Pty Ltd	47,269,540
J.P. Morgan Securities PLC	Holder of shares	J.P. Morgan Prime Nominees Ltd	5,327,776

The decrease in Regal’s holding for the purposes of the AIM Rules for Companies was the net result of the disposal and acquisition of ordinary shares, in each case, on and from 10 February 2020.

Regal disposed 81,658,268 shares for an average price of A$0.229 per share between 10 February 2020 and 27 May 2022.  It acquired 74,168,093 shares for an average price of A$0.222 per share between 12 February 2020 and 12 May 2022.  

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:

James Fuller, Manager Communications and Investor Relations	UK Media Relations
Base Resources	Tavistock Communications
Tel: [phone]	Jos Simson and Gareth Tredway
Mobile: [phone]	Tel: [phone]
Email: [e-mail]

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 ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: [phone]

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

JOINT BROKER
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: [phone]