Notice of change of Significant Shareholder

AIM and Media Release 

10 November 2020

BASE RESOURCES LIMITED
Notice of change of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from Credit Suisse Holdings (Australia) Limited on behalf of Credit Suisse Group AG and its affiliates (Credit Suisse) that, on 5 November 2020, Credit Suisse reduced their voting power in Base Resources by 3,193,163 ordinary shares. 

Base Resources understands that, as at 5 November 2020, Credit Suisse had a relevant interest in 55,969,235 ordinary shares, representing 4.75% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.

The decrease in Credit Suisse’s relevant interest was the net result of the disposal and acquisition of ordinary shares since 22 October 2020.

Credit Suisse disposed of a total of 3,234,799 shares for an average price of A$0.244 per share between 22 October 2020 and 5 November 2020.  It acquired 41,636 shares for an average price of A$0.242 per share between 26 October 2020 and 5 November 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:

James Fuller, Manager Communications and Investor Relations	UK Media Relations
Base Resources	Tavistock Communications
Tel: [phone]	Jos Simson and Barnaby Hayward
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 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]

NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
Phone: [phone]

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