Notice of Significant Shareholder

AIM and Media Release 

12 December 2019

BASE RESOURCES LIMITED
Notice of Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) 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 it has a relevant interest in 63,734,941 Base Resources ordinary shares representing 5.44% 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 is held as follows:

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	28,966,133 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	34,768,808 fully paid ordinary shares

Consideration given to acquire the relevant interest above in the period between 12 August 2019 and 28 November 2019 was a weighted average of A$0.243 per share for 45,481,068 shares (excluding 50,485,069 shares borrowed under the Master Prime Brokerage Agreement).  Consideration received for sales in the period between 16 August 2019 and 26 November 2019 was a weighted average of A$0.244 per share for 38,100,976 shares (excluding 45,072,869 shares returned under the Master Prime Brokerage 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]

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

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