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BASE RESOURCES LIMITED - Notice of change of Significant Shareholder

AIM and Media Release 

19 February 2020

Notice of change of Significant ShareholderBASE RESOURCES LIMITED

(ASX & AIM: BSE) () advises that it has today received notification from Bank of America Corporation that, on , it and its related bodies corporate () reduced their voting power in by 21,995,375 ordinary shares. Base Resources LimitedBase ResourcesBase ResourcesBank of America17 February 2020

Accordingly, understands that, as at , had a relevant interest in 55,780,140 ordinary shares, representing 4.76% of the total ordinary shares on issue and constituting a significant shareholding for the purposes of the AIM Rules for Companies on that date.Base ResourcesBank of AmericaBase Resources17 February 2020

The decrease in Bank of America’s relevant interest was the net result of the return of ordinary shares pursuant to a prime brokerage agreement and the acquisition of ordinary shares, in each case, since .13 February 2020

acquired a total of 4,625 shares for an average price of per share on and .  Other than by way of the return of shares pursuant to a prime brokerage agreement, did not otherwise dispose of any shares during the period covered by the notification.  Bank of AmericaBank of AmericaA$0.25013 February 202017 February 2020

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:

AboutBase 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 and is developing the in Madagascar.  is an ASX and AIM listed company.  Further details about are available atBase ResourcesToliara ProjectBase ResourcesBase ResourcesKenyawww.baseresources.com.au

Level 1, , 6005 Email:  Phone: +61 (0)8 9413 7400 Fax: +61 (0)8 9322 8912PRINCIPAL & REGISTERED OFFICE




50 Kings Park RoadWest Perth, Western Australia[email protected]

Phone: +61 (0)8 9480 2500NOMINATED ADVISOR
RFC Ambrian Limited


Stephen Allen

/ Detlir Elezi Phone: +44 20 3207 7800JOINT BROKER Berenberg


Matthew Armitt

/ / Phone: +44 20 7260 1000JOINT BROKER
Numis Securities Limited


John PriorJames BlackPaul Gillam

,  and Investor  Media Relations
Relations

                                    

Tel: +61 (8) 9413 7426                             and 

Mobile: +61 (0) 488 093 763                       Tel: +44 (0) 207 920 3150

Email:James FullerJos SimsonBarnaby HaywardManager CommunicationsBase ResourcesTavistock CommunicationsUK[email protected]

Quick facts: Base Resources Limited

Price: 6.875

Market: AIM
Market Cap: £80.55 m
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on 28/2/20