Base Resources Limited advised that, after serving for more than 10 years, Malcolm Macpherson has informed the Board that he will retire as Non-Executive Director at the conclusion of the Company's Annual General Meeting to be held on 24 November 2023. 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. As a result, Mr. Macpherson will not stand for re-election at the 2023 Annual General Meeting and item 3 in the Notice of 2023 AGM, seeking his re-election, is withdrawn.