Notice of change of Significant Shareholder

AIM and Media Release 

7 September 2021

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 FIL Limited that, as at 3 September 2021, it and FIL Investments International (FIL) had decreased their voting power in Base Resources to 85,078,120 ordinary shares, representing 7.22% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.

FIL’s interest in 85,078,120 ordinary shares is held as follows:

Holder of interest	Nature of interest	Registered holder of shares	Number of ordinary shares
FIL Investments International	Investment Discretion / Voting Power	BROWN BROS HARRIMN LTD LUX (C)	1,145,100
		BROWN BROTHERS HARRIMAN AND CO	1,543,444
		JP MORGAN, BOURNEMOUTH (C)	82,350,693
		STATE STREET BANK AND TR CO	38,883

The decrease in FIL’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 20 May 2021. 

FIL disposed 22,653,330 shares for an average price of A$0.295 per share between 20 May 2021 and 3 September 2021.  It acquired 1,755,752 shares for an average price of A$0.309 per share between 20 May 2021 and 1 September 2021.

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]