REG-Base Resources Limited: Retirement of Non-Executive Director

Base ResourcesAnnouncement

24/11/2023 07:15

 

 

 

AIM and Media Release 

24 November 2023

 

Base Resources Limited 
Retirement of Non-Executive Director
 
African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that, after serving for more than 10 years,
Malcolm Macpherson retired as Non-Executive Director at the conclusion of the
Company’s Annual General Meeting held today. 

Mr Macpherson joined the Board in July 2013, overseeing achievement of many
significant milestones, including completion of construction of Kwale
Operations and its transition into a safe, efficient and highly profitable
mining operation and the Company’s acquisition and progression of the
Toliara Project in Madagascar.

Non-Executive Chair, Michael Stirzaker said:  “On behalf of the Board, I
would like to thank Malcolm for his commitment and outstanding contribution to
the Board during his tenure.  Everyone at Base Resources has benefited
considerably from Malcolm’s guidance, insights and deep mineral sands
experience.  Malcolm leaves us well-positioned to execute on the next phase
of shareholder value creation that will come from progression of the
world-class Toliara Project.”

Mr Macpherson said:  “It has been a pleasure and a privilege serving on the
Board and being part of Base Resources’ journey over the last ten years.  I
am enormously proud of the organisation that Base Resources has become, the
culture that has been developed and its reputation for excellence –
particularly in the area of sustainable mining in Africa.  The Company is
well-placed to realise the Toliara Project’s full potential and cement its
reputation for excellence in the full mining life cycle through the effective
transition of Kwale Operations to post-mining.  I look forward to watching
Base Resources’ story continue to unfold.”

As a result, Mr Macpherson did not stand for re-election at the 2023 Annual
General Meeting and item 3 in the Notice of 2023 AGM, seeking his re-election,
was withdrawn.

 

ENDS.

 

For further information contact:

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

 

This release has been authorised by the Board of Base Resources.

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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