RESOURCE BASE LIMITED. — Major Shareholding Notification 2023

May 11, 2023

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Resource Base Limited ACN/ARSN 113 385 425

1. Details of substantial holder (1)

Name Navarre Minerals Limited ACN/ARSN (if applicable) 125 140 105

There was a change in the interests of the substantial holder on 8 May 2023 The previous notice was given to the company on 13 July 2021 The previous notice was dated 12 July 2021

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

cheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully Paid Ordinary Shares(“FPOs”)	7,600,000	17.43%	7,600,000	9.29%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

llows:
Date of change	Person whoserelevant interestchanged	Nature of change(6)	Considerationgiven inrelation tochange (7)(AUD)	Class and number ofsecurities affected	Person's votesaffected
04 Oct 2021	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	-	7,600,000 FPOs	7,600,000
27 Dec 2021	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	-	7,600,000 FPOs	7,600,000
25 Aug 2022	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares foracquisition by theCompany	-	7,600,000 FPOs	7,600,000
06 Sep 2022	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares onconversion ofPerformance rightsby the Company	-	7,600,000 FPOs	7,600,000
09 Nov 2022	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	-	7,600,000 FPOs	7,600,000
14 Dec 2022	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	-	7,600,000 FPOs	7,600,000
1 May 2023	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	-	7,600,000 FPOs	7,600,000

08 May 2023	Navarre MineralsLimited	Navarre MineralsLimited	Dilutionary impactdue to issue ofshares by theCompany	Dilutionary impactdue to issue ofshares by theCompany	-	-	7,600,000	7,600,000	9.29%	9.29%
. Present relevant interestsarticulars of each relevant interest of the substantial holder in voting securities after the change are as follows:Holder of relevantinterestRegistered holder ofsecuritiesPerson entitled to beregistered as holder(8)Nature ofrelevantinterest (6)Class and number ofsecuritiesPerson's votesNavarre MineralsLimitedNavarre MineralsLimitedNavarre MineralsLimitedRegisteredHolder7,600,000 FPOs7,600,000
Holder of relevantinterest		Registered holder ofsecurities		Person entitled to beregistered as holder(8)		Nature ofrelevantinterest (6)		Class and number ofsecurities		Person's votes
Navarre MineralsLimited		Navarre MineralsLimited		Navarre MineralsLimited		RegisteredHolder		7,600,000 FPOs		7,600,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Navarre Minerals Limited	40-44 Wimmera Street, Stawell VIC 3380

Signature

print namesign here	Mathew WatkinscapacityCompany Secretary
	date12 May 2023

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.