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Bass Metals, Graphmada Graphite Mine Operational Update

HIGHLIGHTS

- Bass Metals Ltd continues to progress optimization and refurbishment works at its 100% owned Graphmada Graphite Mine, remaining on track to deliver Stage 1: the establishment of 6000tpa production of premium graphite concentrates.

- The Process Plant has been de-commissioned, with civil works underway to prepare for arrival and install of new equipment.

- The New Dryer is in transit to site, while civil works are underway in preparation for its installation.

- Bass Metals continues to make sales of concentrates to maintain customer relationships.

Bass Metals Limited (ASX:“BSM”) (the “Company”) is pleased to provide an update on its optimization and refurbishment of the Graphmada Graphite Mine, located in Madagascar.


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