Notice of change of interests by Significant Sh...

AIM and Media Release 

24 November 2022

BASE RESOURCES LIMITED
Notice of change of interests by Significant Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from Regal Funds Management Pty Limited and its associates (together, Regal) that, as at 22 November 2022, Regal had decreased its voting power in Base Resources to 92,253,142 ordinary shares, representing 7.83% of the total Base Resources ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies.

Regal’s interest in 92,253,142 ordinary shares is held as follows:

Nature of Regal’s interest	Registered holder of shares	Person entitled to be registered as holder	Number of ordinary shares
Power to control the exercise of a power to dispose of securities	UBS Nominees Pty Ltd	UBS AG, Australia branch	23,677,169
Power to control the exercise of a power to dispose of securities	HSBC Custody Nominees (Australia) Limited A/C 2	Morgan Stanley & Co Intl PLC	3,922,756
Power to control the exercise of a power to dispose of securities	Merrill Lynch (Aus) Nominees Pty Ltd	Merrill Lynch International Limited	35,470,176
Power to control the exercise of a power to dispose of securities	J.P. Morgan Prime Nominees Ltd	J.P Morgan Securities PLC	29,183,041

The decrease in Regal’s holding for the purposes of the AIM Rules for Companies was the result of the disposal of ordinary shares during the period from 31 October 2022 to 22 November 2022.  During this period, Regal disposed 12,893,273 shares for an average price of A$0.233 per share.  No shares were acquired during this period. 

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 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

PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
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
Canaccord Genuity
Raj Khatri / James Asensio / Patrick Dolaghan
Phone: [phone]