Notice of change of Significant Shareholder

AIM and Media Release 

1 October 2020

BASE RESOURCES LIMITED
Notice of change of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) 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, as at 28 September 2020, Credit Suisse had voting power in 58,992,556 ordinary shares in Base Resources, representing 5.01% 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.

Credit Suisse’s interest in 58,992,556 ordinary shares was held as follows:

Holder of interest	Nature of interest	Registered holder of shares	Number of ordinary shares
Credit Suisse Equities (Australia) Limited (ACN 068 232 708)	Voting rights and right to dispose	CS Fourth Nominees Pty Limited (ACN 069 126 432)	37,518,556
Credit Suisse AG, Dublin Branch	Holder of securities subject to an obligation to return under securities lending agreement	CS Third Nominees Pty Limited (ACN 007 053 849)	21,474,000

Credit Suisse acquired 15,325,603 shares for an average price of A$0.183 per share between 2 June 2020 and 28 September 2020 (excluding any securities borrowed pursuant to a securities lending agreement).  It disposed of 850,750 shares for an average price of A$0.248 per share between 16 June 2020 and 28 September 2020 (excluding any shares returned pursuant to a securities lending agreement). 

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]