Notice of Significant Shareholder

AIM and Media Release 
22 October 2018

BASE RESOURCES LIMITED
Notice of Significant Shareholder

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

Credit Suisse Holdings (Australia) Limited on behalf of Credit Suisse Group AG and its affiliates (Credit Suisse) has notified the company that it has a relevant interest in 59,819,002 Base Resources ordinary shares representing 5.13% of total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for companies.

Credit Suisse’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
Credit Suisse Equities (Australia) Limited (ACN 068 232 708)	Voting rights and right to dispose	29,226,775 fully paid ordinary shares
Credit Suisse Securities (Europe) Limited (ARBN 099554131)	Holder of securities subject to an obligation to return under a securities lending agreement	30,592,227 fully paid ordinary shares

Consideration given to acquire the relevant interest above in the period between 21 June 2018 and 16 October 2018 was a weighted average of A$0.28 per share for 19,354,787 shares (excluding 27,730,000 shares borrowed under the Prime Brokerage Securities Lending Agreement).  Consideration received for sales in the period between 26 June 2018 and 8 October 2018 was a weighted average of A$0.27 per share for 954,345 shares (excluding 8,439,693 shares returned under the Prime Brokerage Securities Lending Agreement).

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]