Base Resources Limited

BSE

AU000000BSE5

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
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Apr. 22	TSX claws back some April declines as sentiment improves	RE
Apr. 22	Energy Fuels Drops 11%, as it Offers to Acquire Australia-Listed Base Resources for A$375 Million	MT

Base Resources : Notice of change of Substantial Shareholder

February 07, 2020 at 08:18 am EST

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Base Resources Limited - BSE

Notice of change of Substantial Shareholder

Released 13:13 07-Feb-2020

Notice of change of Substantial Shareholder

AIM and Media Release

7 February 2020

BASE RESOURCES LIMITED
Notice of change of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received notification from substantial shareholder Sustainable Capital Ltd (Sustainable) that it has increased its relevant interest in Base Resources to 260,732,274 ordinary shares, representing 22.25% of the total Base Resources ordinary shares on issue.

Consideration given to acquire the increased relevant interest referred to above between 25 June 2019 and 7 February 2020 was a weighted average of A$0.247 per share for 38,544,567 shares.

Sustainable's interest in 260,732,274 Base Resources ordinary shares is held as follows:

Holder of relevant interest	Registered holder of shares	Number of ordinary shares
Sustainable Capital Ltd	HSBC Fund Services	260,732,274

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:

James Fuller, Manager Communications and Investor Relations	UK Media Relations
Base Resources	Tavistock Communications
Tel: +61 (8) 9413 7426	Jos Simson and Barnaby Hayward
Mobile: +61 (0) 488 093 763	Tel: +44 (0) 207 920 3150
Email: jfuller@baseresources.com.au

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 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

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

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

JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul Gillam
Phone: +44 20 7260 1000

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Notice of change of Substantial Shareholder - RNS

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Base Resources Limited published this content on 07 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2020 13:17:00 UTC

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Company Profile

Base Resources Limited is an Australia-based mineral sands producer and developer. The Company operates the Kwale Operation in Kenya, which produces a suite of mineral sands products, namely ilmenite, rutile, and zircon. It is also developing the Toliara Project in Madagascar and conducting an exploration program in Tanzania. Its segments include Kwale Operation, Toliara Project, and Other. The Kwale Operation segment includes its 100% owned Kwale Operation located in Kenya and engaged in the sale of rutile, ilmenite, and zircon. The Kwale Operation features a high-grade ore body with a high value mineral assemblage, rich in rutile. Its products from Kwale Operation are transported to the Companyâs own Likoni Port facility, located inside Mombasa Port, for export to customers. The Toliara Project is in south-west Madagascar, about 45 kilometers (km) north of the regional town and port of Toliara. The Toliara Project is underpinned by the high grade, ilmenite rich, Ranobe deposit.

Sector

Specialty Mining & Metals

Calendar

2024-08-25 - Q4 2024 Earnings Release (Projected)

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