REG-Base Resources Limited: Notice of change of interests by Substantial Shareholder

Base ResourcesAnnouncement

15/05/2024 10:45

AIM and Media Release 

15 May 2024

Base Resources Limited 
Notice of change of interests by Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has
received notification from Sustainable Capital Limited (Sustainable Capital)
that it reduced its voting power in Base Resources from 290,537,049 ordinary
shares to 277,931,128 ordinary shares representing 23.59% of the total Base
Resources ordinary shares in issue.  This constitutes a substantial
shareholding for the purposes of the AIM Rules for Companies.

Sustainable Capital's interest in 277,931,128 ordinary shares is held as
follows:

 Holder of interest           Registered holder of shares        Person entitled to be registered as holder  Number of ordinary shares  
 Sustainable Capital Limited  HSBC-FUND SERVICES CLIENT A/C 006  HSBC BANK AUSTRALIA LIMITED                 277,931,128                

The decrease in Sustainable Capital's holding for the purposes of the AIM
Rules for Companies was the net result of the disposal and acquisition of
ordinary shares during the period from 13 June 2023 to 15 May 2024. 

During this period, Sustainable Capital sold 14,103,738 shares for an average
price of A$0.253 per share and acquired 1,497,817 shares for an average price
of A$0.175.

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:

 Australian Media Relations        UK Media Relations             
 Morrow Sodali                     Tavistock Communications       
 Cameron Gilenko and Michael Weir  Jos Simson and Gareth Tredway  
 Tel: +61 8 6160 4900              Tel: +44 207 920 3150          

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:  info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912

NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: +44 20 7523 8000

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



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