Notice of change of Substantial Shareholder

AIM and Media Release 

6 August 2020

BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that it has today received notification from substantial shareholder, Sustainable Capital Limited (Sustainable), that it has increased its voting power in Base Resources to 277,232,274 ordinary shares, representing 23.66% of the total Base Resources ordinary shares on issue.

The increase in Sustainable’s voting power was the result of today’s acquisition of 16,500,000 ordinary shares for A$0.215 per share. 

Sustainable’s relevant interest in 277,232,274 ordinary shares is held as follows:

Holder of relevant interest	Registered holder of shares	Number of ordinary shares
Sustainable Capital Limited	HSBC Fund Services	277,232,274

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]

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