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BASE RESOURCES LIMITED - Notice of change of Significant Shareholder

AIM and Media Release 

11 May 2020

Notice of change of Significant ShareholderBASE RESOURCES LIMITED

(ASX & AIM: BSE) () advises that it has received notification from UBS Group AG and its related bodies corporate () that, on , reduced their voting power in by 25,536,738 ordinary shares. Base Resources LimitedUBSBase ResourcesBase ResourcesUBS5 May 2020

understands that, as at , had a relevant interest in 44,591,300 ordinary shares, representing 3.81% 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 ResourcesUBSBase Resources5 May 2020

The decrease in UBS’s relevant interest was the net result of the disposal and acquisition of ordinary shares, and the return and borrowing of ordinary shares pursuant to prime brokerage agreements, in each case, since .3 March 2020

disposed of 60,047,582 shares for an average price of per share between and (excluding any shares returned pursuant to a prime brokerage agreement).  It acquired 34,510,844 shares for an average price of per share between and (excluding any shares borrowed pursuant to a prime brokerage agreement). UBSA$0.139A$0.1483 March 20201 May 20203 March 202023 March 2020

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: 9.5

Market: AIM
Market Cap: £111.3 m
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on 28/2/20