Notice of Significant Shareholder

AIM and Media Release

5 November 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.  

Vanguard Global Capital Cycles Fund (formerly the Vanguard Precious Metals and Mining Fund) (Vanguard) has notified the company that it has reduced its relevant interest in Base Resources ordinary shares following the sale of 22,000,000 ordinary shares for A$0.24 per share on 31 October 2018. 

Following the sale referred to above, Vanguard had a relevant interest in 4.07% of total Base Resources ordinary shares on issue, constituting a significant shareholding for the purposes of the AIM Rules for companies.

Base Resources understands that the above notified change follows the change of relevant interest notified by Wellington Management Group LLP on 2 November 2018, which entity manages Vanguard’s interest in Base Resources (refer further to the company’s AIM release on 2 November 2018).

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]