Notice of Substantial Shareholder

BASE RESOURCES LIMITED - Notice of Substantial Shareholder

PR Newswire

London, June 24

AIM and Media Release 

24 June 2019

BASE RESOURCES LIMITEDNotice of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from substantial shareholder Sustainable Capital Limited (Sustainable) that it has increased its relevant interest in Base Resources ordinary shares to 222,187,707 ordinary shares, representing 19.05% of the total Base Resources ordinary shares on issue.

Consideration given to acquire the increased relevant interest referred to above between 24 December 2018 and 24 June 2019 was a weighted average of A$0.239 per share for 8,993,823 shares.

A PDF version of the notice referred to in this release is available from the company’s website: www.baseresources.com.au.

ENDS.

For further information contact:

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 OFFICELevel 1, 50 Kings Park RoadWest Perth, Western Australia, 6005Email: [email protected]Phone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912

NOMINATED ADVISORRFC Ambrian LimitedAndrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500JOINT BROKERBerenbergMatthew Armitt / Detlir EleziPhone: +44 20 3207 7800JOINT BROKERNumis Securities LimitedJohn Prior / James Black / Paul GillamPhone: +44 20 7260 1000