Results of the 2020 Annual General Meeting

AIM and Media Release 

20 November 2020

BASE RESOURCES LIMITED
Results of the 2020 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 19 October 2020 and put to Base Resources shareholders at today’s meeting were carried.

All resolutions were decided by poll.  The table below details the number of votes cast on the poll for each resolution, as well as the percentage of votes cast ‘For’ and ‘Against’. 

Item	Resolution	Vote	Number	Percentage (%)
1	Adoption of Remuneration Report	For	874,502,786	99.93
		Against	623,517	0.07
		Abstain	1,278,995	N/A
2	Re-election of Mr Michael Stirzaker as a Director	For	899,853,730	99.92
		Against	676,700	0.08
		Abstain	393,512	N/A
3	Election of Ms Janine Herzig as a Director	For	900,381,271	99.98
		Against	137,555	0.02
		Abstain	405,116	N/A
4	Approval of the grant of Performance Rights to Mr Tim Carstens	For	885,430,833	99.89
		Against	981,952	0.11
		Abstain	7,674,333	N/A
5	Approval of the grant of Performance Rights to Mr Colin Bwye	For	885,430,833	99.89
		Against	981,952	0.11
		Abstain	7,674,333	N/A
6	Renewal of Proportional Takeover Provisions	For	900,225,852	99.98
		Against	209,794	0.02
		Abstain	488,296	N/A

As previously announced, independent non-executive Director, Mr Sam Willis, retired from the Board following today’s Annual General Meeting.  Mr Willis currently holds 350,000 fully paid ordinary shares in Base Resources.

The further information required by section 251AA(2) of the Corporations Act2001 (Cth) is set out in the table below.

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		863,848,542	623,517	73,634	1,278,995		874,502,786	623,517	1,278,995		Carried
			99.93%	0.07%	0.00%			99.93%	0.07%
(2) Re-election of Mr Michael Stirzaker as a Director	Ordinary		881,308,038	676,700	73,634	393,512		899,853,730	676,700	393,512		Carried
			99.92%	0.08%	0.00%			99.92%	0.08%
(3) Election of Ms Janine Herzig as a Director	Ordinary		881,835,579	137,555	73,634	405,116		900,381,271	137,555	405,116		Carried
			99.98%	0.02%	0.00%			99.98%	0.02%
(4) Approval of the grant of Performance Rights to Mr Tim Carstens	Ordinary		873,721,965	981,952	73,634	7,674,333		885,430,833	981,952	7,674,333		Carried
			99.89%	0.11%	0.00%			99.89%	0.11%
(5) Approval of the grant of Performance Rights to Mr Colin Bwye	Ordinary		873,721,965	981,952	73,634	7,674,333		885,430,833	981,952	7,674,333		Carried
			99.89%	0.11%	0.00%			99.89%	0.11%
(6) Renewal of Proportional Takeover Provisions	Special		881,680,160	209,794	73,634	488,296		900,225,852	209,794	488,296		Carried
			99.98%	0.02%	0.00%			99.98%	0.02%

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

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
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NOMINATED ADVISOR
RFC Ambrian Limited
Stephen Allen
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BROKER
Berenberg
Matthew Armitt / Detlir Elezi
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