Results of 2021 Annual General Meeting

AIM and Media Release 

26 November 2021

BASE RESOURCES LIMITED
Results of 2021 Annual General Meeting

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that all resolutions set out in the Notice of Annual General Meeting released to ASX on 27 October 2021 and put to Base Resources shareholders at today’s meeting were carried.

All resolutions were decided by poll.  Further details, including the number of votes cast on the poll for each resolution and the percentage of votes cast ‘For’ and ‘Against’, are at the end of this announcement.

As previously announced, Independent Non-Executive Chair, Mr Keith Spence, retired from the Board following the Annual General Meeting, with Independent Non-Executive Director, Mr Michael Stirzaker, taking over as Chair.  Mr Spence currently holds 666,667 fully paid ordinary shares in Base Resources.

Following his election by members at the meeting, Mr Scot Richard Sobey (46 years old) joins the Board as a Non-Executive Director and the representative of major shareholder, Pacific Road. 

Following these changes and Ms Diane Radley’s re-election at today’s meeting, the Board of Base Resources comprises:

Mr Michael Stirzaker	Independent Non-Executive Chair
Mr Tim Carstens	Managing Director
Mr Colin Bwye	Executive Director – Operations and Development
Mr Malcolm Macpherson	Independent Non-Executive Director
Ms Diane Radley	Independent Non-Executive Director
Ms Janine Herzig	Independent Non-Executive Director
Mr Scot Sobey	Non-Executive Director

For the purposes of complying with the AIM Rules for Companies in relation to Mr Sobey’s election, Base Resources advises that Mr Sobey has held the following positions where he was acting in the capacity of a director or partner in the past five years:

• Current directorships or partnerships - Pelkbuck (Pty) Ltd.
• Previous directorships or partnerships - Eferton Services (Pty) Ltd

Mr Sobey holds no relevant interest in the Company's ordinary share capital.  There is no other information in relation to Mr Sobey that requires disclosure pursuant to the AIM Rules for Companies.

Resolution details			Instructions given to validly appointed proxies (as at proxy close)					Number of votes cast on the poll (where applicable)					Resolution Result
Resolution	Resolution Type		For	Against	Proxy's Discretion	Abstain		For	Against	Abstain*		Carried / Not Carried
1 Adoption of the Remuneration Report	Ordinary		755,789,290	344,907	358,197	1,545,529		759,615,231	344,907	1,545,529		Carried
			99.90%	0.05%	0.05%			99.95%	0.05%
2 Re-election of Ms Diane Radley as a Director	Ordinary		770,067,141	2,092,105	358,197	7,000		774,734,484	2,092,105	7,000		Carried
			99.68%	0.27%	0.05%			99.73%	0.27%
3 Election of Mr Scot Sobey as a Director	Ordinary		761,970,235	10,186,921	358,197	9,090		766,637,578	10,186,921	9,090		Carried
			98.63%	1.32%	0.05%			98.69%	1.31%
4 Approval of the grant of Performance Rights to Mr Tim Carstens	Ordinary		757,019,864	506,185	4,552,163	3,246,993		765,838,897	506,185	3,246,993		Carried
			99.33%	0.07%	0.60%			99.93%	0.07%
5 Approval of revised Base Resources Long Term Incentive Plan	Ordinary		744,854,578	614,078	2,703,523	15,092,286		751,692,512	614,078	15,092,286		Carried
			99.56%	0.08%	0.36%			99.92%	0.08%
6 Approval of proposed amendments to Constitution	Special		638,687,523	133,165,244	358,197	313,479		643,340,809	133,165,244	327,536		Carried
			82.71%	17.24%	0.05%			82.85%	17.15%

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

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RFC Ambrian Limited
Stephen Allen
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Berenberg
Matthew Armitt / Detlir Elezi
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Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
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