Notice of Significant Shareholder

AIM and Media Release 

13 May 2019

BASE RESOURCES LIMITED
Notice of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received the following notification.  

UBS Group AG has notified the company that it and its related bodies corporate (UBS Group) have decreased their relevant interest in Base Resources ordinary shares by a net 12,310,179 to 74,116,826 ordinary shares, representing 6.35% of total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for Companies.

UBS Group’s interest in Base Resources ordinary shares relates to the following interests held by its related bodies corporate:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
UBS Securities Australia Ltd	Beneficial Owner	60,175,310 fully paid ordinary shares
UBS AG, Australia Branch	Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement	13,941,516 fully paid ordinary shares

Consideration received for sales between 14 February 2019 and 8 May 2019 was a weighted average of A$0.2692 per share for 17,320,031 shares. Consideration given for acquisitions between 8 February 2019 and 26 April 2019 was a weighted average of A$0.2756 per share for 5,009,852 shares.  

A PDF version 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
Andrew Thomson / Stephen Allen
Phone: [phone]

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

JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: [phone]